Y Combinator Wins in Africa, Gains from Paystack Cover ALL Investments in African Startups

Since 2014, Y Combinator, the popular U.S. based accelerator, has invested $120,000 for 7 percent equity in its companies. Paystack, the Lagos-operating fintech company which was acquired by Stripe in a deal north of $200 million, attended YC, post- 2014. If we assume that YC invested $120k for the 7%, we can conclude that Paystack was worth $1.7 million during the deal. By looking at the multiples and the short time they created this value, Paystack is possibly the most successful Nigerian startup on value creation for investors for deals above $50 million. With an exit of $200 million – … Continue reading Y Combinator Wins in Africa, Gains from Paystack Cover ALL Investments in African Startups