Mr. Shola Akinlade

Shola Akinlade is a Nigerian information technology expert, software engineer, and entrepreneur. He is popularly known as the co-founder and CEO of Paystack.

Shola Akinlade graduated from Babcock University in Nigeria, where he studied computer science. After obtaining his Bachelor’s degree, he worked with Heineken and Klein Devort as a database manager.

In late 2015, Shola Akinlade and Ezra Olubi founded Paystack.

Paystack is an African Fintech company that enables vendors, banks, companies, etc., and their customers to process payments on the internet. This can be done through debit and credit cards, money transfers, and mobile money apps. Paystack allows businesses to easily secure payments from different local and international payment systems.

Paystack was successful in its early days, as it became the leading payment system in Nigeria, and attracted the attention of Stripe, a payment processing, and software programming company. Paystack was acquired by Stripe in 2020, for a whopping sum of USD 200 million. Paystack has expanded its operation to other countries of Africa.