Miracle VS Expected Series : PayStack Brothers | Shola Akinlade and Ezra Olubi in FOCUS
Channel: Millionaire by 25
Date: 2021-01-02

Miracle versus expected series

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Shola Akinlade and Ezra Olubi: Founders of Paystack in focus
In 2015, Shola Akinlade and Ezra Olubi founded paystack, an online payment platform and by 2020, stripe, a tech giant in the finance space acquired paystack for over $200 million dollars. Making the two paystack founders overnight millionaires. But how did they achieve that in a very short time? Can you replicate the same thing? The answers are coming straight at you in this episode of Miracle vs Expected series. Other Episodes would be linked in the description box below and in the cards above.
Miracle vs expected is an original youtube series where we analyze young self-made millionaires, we give our take on how much of their success was due to hard work or pure luck. We also evaluate how viable the industry which made the millionaire most of the money is and how profitable it would be for you if you joined that industry today. If you are in love with this kind of content, just type miracle vs expected in the comment section and also drop the names of other self-made millionaires you will love us to analyze their success. And we will feature one of the millionaires mentioned in the comment section in the next episode of this series.
If you're new here, on this channel, we discuss everything business and finance related, how to make money online, we review businesses, websites, and Apps, and finally, we discuss a little about investing and personal finance. So if all that sounds good to you, then go ahead and smash that red subscribe button and notification bell so that you can be informed any time we put out a new video. So with that out of the way, let us get into the video…

BACKGROUND: 
Shola was born in Lagos which is one of the biggest commercial cities in Nigeria. Possessing a love for computers right from a young age, he acquired a computer at the age of 16. And began his coding journey. Born to a well-to-do Yoruba family, he was able to complete an undergraduate degree from one of the best private universities in Nigeria. Paystack’s co-founder Ezra Olubi doesn’t have a background too different from that of shola. What brought them together was their love for computer codes and they began working together shortly after….. (graduating from college). After working together for a while, paystack was born.
Paystack Payment Limited came into existence in 2015. Although incorporated in Delaware, USA, it is the pioneer API – based payments service provider in Nigeria. The software allows two applications to interface, or talk to one another, or put differently, it allows users to set up online payment gateways to enable their businesses to accept credit and debit card payments online from customers.

Its acquisition by Stripe, a US-based firm, is an indication of Paystack’s standing and phenomenal growth since its debut only about five years ago. Paystack has recorded many firsts. It is first in its category in Nigeria and also the first Nigerian startup ever admitted into Y Combinator, the Silicon Valley incubator that has backed major global startups, including Stripe that acquired it. Paystack was acquired by stripe for about $200 million, turning the two CEOs of paystack – shola and Ezra into overnight millionaires.

Without any fear of contradiction, the Paystack acquisition deal is the biggest Nigerian startup acquisition. Paystack has a customer base of over 60,000 people including small business merchants, government agencies, and large corporations, including some of the leading telcos in Nigeria. Paystack has also expanded and currently provides services to companies in South Africa, Ghana and has over 100 staff on its payroll.

Miracle VS Expected Series | Caleb Maddix in focus: https://youtu.be/cIcIMUbPf6g

Miracle VS Expected Series | SANDI SHEZILE IN FOCUS: https://youtu.be/5wyju9NtHHU  



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