Don’t be foolish. Yoruba dominate tech it’s not even funny. Moniepoint, paystack, flutterwave and more

We organize them @kidsthatcodeNG

where do y'all see these hackathons?😭

Shola of Paystack recounts the day he got a phone call from Y combinator. He got invited to Silicon Valley Some founders built products like a bra detector for breast cancer & a shirt that never gets dirty After YC gave him $120k for 7% stake, he raised $1.3m in three months.

Today’s recap @paystack HQ Our winner went home with a new laptop!

Where’s the hq

I just stepped inside @paystack HQ for the first time! 😄 Look at this place! My heart is beating fast, I feel so inspired right now. I’ve always dreamed of working here one day and today made it feel closer. Let’s keep pushing! 🚀

Yes Paystack is a small system bro. What you interact as a customer is not the system that process your transactions. It’s just customer facing system. The enterprise System behind it is the real Enterprise Application.

Setting up payment with paystack

A few months ago, someone reached out to me. He wanted a website. Not just any website, but a full ecommerce store. Upload products, customers pick what they want, pay, and the system handles everything automatically. No more "have you seen the alert" messages. We got talking and I broke it all down for him. Domain. Hosting. The platform to house his store. Because here's the truth most people don't realize: owning a website doesn't mean automatic sales. It's just one step. He had little to no knowledge of how any of this worked, so I designed a setup that was affordable, effective, and would save him serious money on monthly maintenance. Then I gave him my price, with a generous discount on top. Why? Because he wasn't a stranger. He was someone I'd known for years. I genuinely wanted to support his business. That was mistake number one. If I had charged him the normal rate, he might have said he couldn't afford it and gone elsewhere. That would have been fine too. Mistake number two? I let him pay half upfront and the rest on completion. The project was supposed to take 1 to 2 weeks. Reasonable, for a reasonable person. We started. Then I noticed a pattern. He struggled to send even the simplest details. It took him over 7 days to respond to information I needed. A 1 to 2 week project stretched into a month. Then more. Weeks waiting for product uploads. More weeks waiting for him to complete his Paystack registration. And when I asked why? Silence. No explanation. Became Unresponsive. No matter how many times I asked. He just can't communicate I reckon. There's more to this story, but I'll keep it short. Here's what I learned. Communication isn't optional. It's a skill that protects you, the people around you and your relationships. But the bigger lesson? Don't discount your price just because you know someone and want to support them. They won't just cost you money. They'll cost you time. They'll cost you energy. And sometimes, your reputation. Stay tuned for more. 👀

- anything can be built from anywhere. Paystack was built in Lagos. Might not make $10b but can still make loads. Just worry about yourself.

Fintech is not just Paystack and Flutterwave. here’s what’s still wide open in Nigeria: • Insurance — most Nigerians don’t have a single active policy • Pension/retirement — PENCOM data is a mess, access is worse • Credit infrastructure — no BVN doesn’t mean no creditworthiness • Agri-finance — smallholder farmers need working capital, not a debit card • Trade/import finance — SMEs importing goods are begging for credit • B2B treasury — companies managing FX exposure manually on spreadsheets • Healthcare financing — nobody talks about this one Payments is solved-ish. the rest are barely touched. Save this if you’re looking for where to actually build.

So paystack that handles money in minor units no sabi weytin them de do?😂😭😭 Engineerrrrr!!!🙌🙌

Flutterwave, Paystack, Moniepoint didn't win because they had the best code. They won because they understood the Nigerian user better than anyone else. Slow networks. Feature phones. Trust issues with digital money. Bank downtimes. The best fintech products here aren't technical achievements. They're empathy at scale.

People see paystack, flutterwave, opay, moniepoint and think building fintech in nigeria is a clear path Here's what the success stories don't show you 🧵

“small system like Paystack” clowns on this app kill me mahnnnn 🫢

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