After the era of e-commerce, payments became the in thing, and Paystack, founded by Shola Akinlade and Ezra Olubi, has been one of the superstar companies, growing year-on-year in revenue and user base and processing over $20 million monthly.
BACKGROUND
You can find Shola speaking at international entrepreneurship forums and having deep conversations with the people responsible for making policies that shape the financial services industry.
Shola Akinlade is a Nigerian software engineer and entrepreneur. He is the co-founder and CEO of Paystack, the company that was acquired by Stripe in 2020 for $200m.
Akinlade attended St. Gregory’s College for his secondary education. In 2006, he graduated with a degree in Computer Science from Babcock University, Nigeria. Shola’s career started at Heineken where he worked on their database management as a management trainee and moved on to being a software engineer with banks. In 2016, Akinlade and Ezra Olubi started Paystack.
Akinlade’s company Paystack was a part of startup accelerator YCombinator‘s 2016 batch of startups. The company was created to help businesses in Africa get paid online and offline.
In 2022, Akinlade founded a football club, Sporting Lagos F.C. which he notes is a platform for community development and social change.
In October 2022, Akinlade was conferred with the Officer of the Order of the Niger (OON) by President Muhammadu Buhari of Nigeria in recognition of his contributions to the advancement of technology in finance and business.
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