Wisdom AnwanaJason Njoku who is the founder of IrokoTV and other investors took to their Twitter handle to tweet on the ROI (Return of Investment) they have received from Paystack and also express their happiness.
Today was the distribution day for the African startup ecosystem Paystack, as it paid off its individual and corporate investors.
By all accounts today was distribution day for all the investors in @Paystack, and their money is now in the bank. Huge returns to be had for many – big day for African startup ecosystem
— Tom Jackson (@tomjackson1988) February 17, 2021
According to a source The Angels who invested in the seed round of Paystack back in 2016 made approximately 1,440% ROI. That is 14.4 times their money in only 5 years, according to Njoku.
A Brief History of Paystack
- Paystack is a Nigeria-based company precisely Lagos-based payments startup that helps people (merchants ) accept payments from their customers online using either their credit card etc.
- Recently, more than 60,000 businesses in Nigeria and Ghana are using Paystack for payment collection for their online businesses.
- Paystack was the first-ever startup out of Nigeria to get into Y Combinator (YC), a US-based seed-stage accelerator.
- Stripe which is a US-based payment gateway acquired Paystack with over $200 million (₦76 billion) deal in 2020.
Some Investors in Paystack include:
- Dr. Ola Brown, Director at Greentree Investment;
- Jason Njoku, CEO of Irokotv and Partner at Spark
- Oo Nwoye, Board Member at Ventures Platform
- Kola Aina, Founding Partner at Ventures Platform Fund
- Maya Horgan Famodu, Partner at Ingressive Capital
- Olumide Soyombo, Managing Director at LeadPath
- Leonard Stiegeler, Founder of LS;
- Comcast Ventures;
- Singularity Investments;
- Tencent Holdings
- Lauren Cochran, Managing Director at Blue Haven Initiative
- Sudeep Ramnani, CEO at Sporty Internet Group
- Tom Stafford, Managing Partner at DST Global
- Gbenga Oyebode, Founding Partner at Aluko & Oyebode
- Nedu Ottih, Principal at Apax Partners
- Lexi Novitske, Managing Partner at Acuity Venture Partners
- Dale Mathias, Co-Founder at Innovation Partners Africa
- Bastian Gotter, Co-Founder at irokotv
- Wale Ayeni, Investor
Conclusion
Today was the distribution day for the African startup ecosystem Paystack, as it paid off its individual and corporate investors.
Paystack investors took to their Twitter handle to give testimony of their return on investment from the company.
Jason Njoku founder of IrokoTV who is also an investor in Paystack also confirmed it through his Twitter handle.
James steller
