Entrepreneurs Launch New Service to Help More African Business Owners Accept Online Payments
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Online retail is a booming industry in the U.S. with sales expected to increase by 45 percent this year, but in Africa only about 1% of all transactions happen online. So, two Nigerian entrepreneurs have developed a product that offers a centralized way for African online merchants to accept online payments, and they just received $1.3 million in seed investment to help fund their company which is based in Lagos, Nigeria.
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| Shola Akinlade and Ezra Olubi, founders of Paystack |
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