Paystack is a financial technology company based in Nigeria that provides payment processing solutions for businesses. Founded in 2015, it enables merchants to accept payments online and offline through various methods, including credit cards, bank transfers, and mobile money. In 2020, Paystack was acquired by Stripe, a global payment processing platform, which helped expand its services and reach. The platform is designed to simplify transactions for businesses of all sizes, making it easier for them to manage payments and grow their operations in the African market.