Audio By Carbonatix
American financial services company Stripe recently acquired a Nigerian start-up Paystack for a reported $200m (£146m).
Paystack was co-founded by Shola Akinlade in 2016 as a solution for merchants in Nigeria and Ghana to get paid by anyone, anywhere in the world. It now processes over 50% of all web payments in Nigeria, as well as payments for over 60,000 organisations, including FedEx, UPS, South African mobile operator MTN and many others.
So how do young entrepreneurs know when to sell or grow their business? The Paystack co-founder Shola Akinlade told us:
"The work of an entrepreneur is to build and grow your business. The work of investors is to look for good businesses".
He said some successful companies die because of a misjudgement of the market.
"People thought the market was small, think about the number of people doing online payments in Nigeria in 2016... the interesting this is that five years later, Paystack alone is doing five times more than what Nigeria was doing in 2016," he says.
Here is Mr Aklinlade's full interview:
Latest Stories
-
Qatar denies capturing three Iranian pilots after downing fighter jets
9 minutes -
Tano North chiefs petition Mahama over galamsey destruction in River Tano
33 minutes -
Kalpohin SHS, NOBISCO qualify to represent Northern Region at National Public Speaking Competition
40 minutes -
Missing records of illegal gold purchases in Ghana raise concern – Duncan-Williams
1 hour -
Duncan-Williams warns of powerful interests targeting GoldBod
2 hours -
We need to pray for GoldBod – Duncan-Williams
2 hours -
Strong favourites or tougher task – will Arsenal defend their title?
2 hours -
Passengers escape death as VIP travelling from Kumasi to Sunyani catches fire
3 hours -
Ariana Grande leaves problems at home as her tour hits the UK
3 hours -
Multiple suspects at large after five shot at Virginia State University, police say
3 hours -
Three killed as Russia launches fresh aerial attacks across Ukraine
3 hours -
Boxing: John Laryea disqualified in WBA Featherweight title eliminator
3 hours -
Hawaii battles strong winds and rain as Hurricane Lala threat looms
4 hours -
Twelve killed as Polish bus veers off Hungarian motorway
4 hours -
Building Ghana better: Why architects must be at the heart of national development
7 hours