Privately held financial-technology firm Stripe introduced Thursday that it plans to accumulate Paystack, a Nigeria-based payment-processing firm. Paystack already processes half of all on-line transactions in Nigeria, in keeping with Stripe’s launch, and the corporate is aiming to develop throughout Africa. Paystack’s providers are utilized by greater than 60,000 companies in Nigeria and Ghana, per the discharge. Stripe and Paystack have a historical past of working collectively as Stripe led Paystack’s Collection A financing spherical again in 2018. Phrases of the deal weren’t disclosed, however TechCrunch reported that the acquisition worth is over $200 million. Stripe is likely one of the most dear non-public tech firms with a private-market valuation of $36 billion primarily based on the $600 million extension of a funding spherical in April.