Egypt's buy-now, pay-later pioneer has more than doubled its market cap since its blockbuster IPO debut, expanded into Jordan, and posted triple-digit profit growth.
African credit-focused fintechs, whose business models require substantial capital for their lending portfolios, are finding public debt markets increasingly attractive.
The decision reflects broader trends in African healthtech, where investors are increasingly prioritizing scalable, revenue-generating ventures over early-stage experiments.
Adding fuel to the fire, regulators were reportedly incensed by Paystack’s public launch event, “An Evening with Paystack,” which one CBN insider described as “a slap in the face of the regulator.”
Egypt's buy-now, pay-later pioneer has more than doubled its market cap since its blockbuster IPO debut, expanded into Jordan, and posted triple-digit profit growth.
