Shola Akinlade ‘Paystack Founder’ Biography, Career, Cars, Net Worth

You might already know about the Nigerian fintech company Paystack but do you know the people behind the company? Paystack is a company founded by two people: Shola Akilade & Ezra Olubi. Shola Akinlade is the co-founder and CEO of Paystack, and in 2020, the company was acquired by Stripe for $200 million.

Real name	Shola Akinlade
Date of birth	26th of July 2000
Known for	Co-founder and CEO of Paystack
Education	Babcock University Ilishan Remo, St. Gregory’s College
Country of Origin	Federal Republic of Nigeria
Net worth	$100 million

Here’s an article that explores some interesting facts and finds about the Paystack CEO, Shola Akinlade.

Shola Akinlade Biography

Shola Akinlade was born and raised in Lagos State, Nigeria. He attended Saint Gregory College, where he also wrote his WAEC and obtained his SSCE certification. After secondary school, he got admission into Babcock University, Ogun state, where he studied Computer Science and graduated in 2006.

Shola Akinlade Career

After graduating from the University, Shola got employed to work with a brewing company, Heineken, in November 2007. He worked as the company’s database manager and specialized in trainee management until April 2009, when he left the company.

In 2007, Shola Akinlade conceived the idea of Klein Devort alongside Mayowa Okegbenla(a graduate of Computer Science). Klein Devort is a Nigerian software development company. They both thought of innovating software packages and applications, and that was where the idea of Precurio began. 

Precurio is an open platform for collaborative business solutions. Shola and Mayowa got the idea from Dropbox, a file hosting service in the United States that offers cloud storage, file synchronization, personal cloud, and client software services.

Precurio became a success, and banks started reaching out to Shola, requesting his services. He built software applications for three different banks. Subsequently, Shola started Paystack alongside Ezra in 2016 after being displeased by the state of payments and financial transactions in Africa.

The company is currently based in Lagos, Nigeria, and California, United States. In 2020, the Irish-American company, Stripe, acquired the company for $200 million.

Shola Akinlade Cars 

Shola Akinlade keeps his personal business private as such, there is no information available about the cars he owns. Severally at office hours in Ikeja GRA Shola has been spotted with the below cars

• 2019 Toyota Rx 350

The development of the RX350 can be dated to 2004. The development was headed by Chief engineer Takayuki Katsuda, the design was conducted in 2005. Masanari Sakae’s design was chosen and the design patents were filed at the Japanese patent office on the 7th of April, 2008, the design patent was filed in the USA. The production of the Lexus RX350 started in 2008, and ever since then, it has seen many designs and looks. The actual model years started in 2010 because 2009 looks like the RX330. The production took place in two countries namely Japan and Canada.

• 2019 Mercedes Benz G wagon

The 2019 G-Class got a full redesign, with a more modern independent suspension setup that allows it to ride more smoothly and steer more precisely around turns than its previous year models. The interior is larger for this year but still has many of the styling cues of the original and now features less noise and modern infotainment and electronics. Even though the new 2019 G-Class is now thoroughly domesticated, Mercedes-Benz says it is still one of the best off-road SUVs on the market. 

Shola Akinlade Net Worth

Shola Akinlade’s net worth is estimated at $100 million.

Conclusion

Shola Akinlade is one of the tech luminaries in the Nigerian tech space. He has achieved remarkable results from all the work he continues to put into growing the Nigerian-African tech space.