Paystack

“We can just get your BVN and we get your details. We can verify that. Okay. We can allow you accept payments. For, I think, up to about 3000 dollars, and then after that you have to like register the business.”

“Two years ago, like, when I told people I was doing a payment company, like, people laughed at me, like, ha, ha, ha, ha, like, how your competition is a, like, fourteen-year-old company that has a billion dollar.”

“We've spent a lot of time thinking about this, and these things work the same way in these markets. You know, the part that just changes is the local context.”

“On the interview day, I actually remember they asked us how much had we processed that month. I said, 200 dollars.”

“Very quickly, we moved past paying with cards, because not everybody wants to pay with a card, so we allow people to pay directly with your bank accounts. We allow people to pay with USSD.”

“Now last month we did over twenty million dollars. That's just three years, you know.”

“So we started building where the first company, I think was still the only company that has like An automated dispute process and all that.”

“We became the first Nigerian company to get into YC.”

“That's one of the reasons why just thinking about that series A, we had to think about companies that have figured out skill. Companies like Stripe, companies like Visa. Like if there's a company, the companies that have thought about moving payments from one …”

“I think before now, A lot of the payments infrastructure was built for enterprise companies. And of course, enterprise companies like complexity.”

“We just raised a Series A million dollars from Stripe and Visa.”

“It's a payments company, we've made a huge leap over what currently exists. It used to be about seven steps before, it's now two steps”

“Exactly. Nothing has changed. It's been, it's the same vision.”

“Because I know with engineering, some things you just have to have seen the problems before. You can't really anticipate some things, you know, so just having someone having a 10 X engineer, just sit with a team of five engineers. I think it helps everybody.”