7 powerful fintech companies that use Paystack

7 powerful fintech companies that use Paystack

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Paystack builds technology to help Africa’s best businesses grow – from new startups, to market leaders launching new business models.

Paystack which is regarded as a fintech companies power other fintech companies. In this piece are 5 powerful fintech companies that use Paystack to power their payment processing.


This is a shocking revelation as the almighty OPay in Nigeria is powered by Paystack. In a chat by the CEO of Gokada through the Paystack representative shows the payment company, OPay uses Paystack.

Opay provides other services which includes ORide, OBus, OTrike and it has comsumer based services like money transfer, billing services etc.


The beautiful saving and investment platform also runs on Paystack payment infrastructure. The company formally known as Piggybank changed its name to PiggyVest to take capture of investment and not only saving.

In a testimonial by Joshua Chibueze, Co-founder & Chief Marketing Officer, Piggybank, he revealed that since they started doing transfers on Paystack, more customers now use Piggybank because they can get their savings immediately they request for it!

Carbon – Paylater

Paylater has grown rapidly, and Paystack has grown with us, scaling perfectly to support our large transaction volumes. This is a testimonial by Henry Uku, Growth Lead, Paylater.

Carbon formerly known as Paylater changed name to overcome restriction to only loan plaform.


Paystack’s collection is so seamless that we don’t think about the process anymore. Customers can reliably make savings at any time they want! This is another testimonial by Razaq Ahmed, CEO, Cowrywise

Cowrywise helps Nigerians save and invest money online. It is a secure saving and investment platform to grow wealth.


Using Paystack, we’ve seen a significant increase in our loan collections and we can onboard customers online much faster than before – Daniel Watts, Chief Risk Officer, Renmoney

Renmoney is a fintech lending company operating under a microfinance banking license in Lagos, Nigeria. They provide loans to individuals and small businesses through their website, contact center, agent network and branches.

Suggested Read: Alibaba Alipay Partners Flutterwave to cover Africa market


The Paystack team is agile and very efficient. When we make product feature requests, they take it seriously and move fast on it – Maria Keshinro Rotilu, Country Manager, Branch Nigeria, Branch.

Branch is an international lending and investment platform with a presence in Nigeria.


Paystack has helped us expand our business to one of Africa’s fastest-growing markets. Paystack should be top-of-mind for any business going global – Merijn Campsteyn, CEO, Accounteer

Accounteer is SaaS accounting platform for SMEs. They help businesses to create an accounting system that works and help businesses to make good financial decisions.

It is beautiful to see how far Paystack has gone and how it has gained massive traction in a short time despite other fintech platforms in Nigeria. Kudos to the Paystack team.

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