Paystack Suspends Co-founder Over Alleged Sexual Misconduct

Paystack, a prominent African technology company specializing in payment tools for businesses, has suspended its co-founder and Chief Technology Officer, Ezra Olubi, due to alleged sexual misconduct. The company announced the suspension following social media allegations and stated that a formal investigation is underway.

Olubi's suspension is immediate pending the outcome of the investigation to protect the integrity of the process. Paystack, founded in 2015 and acquired by Stripe in 2020, focuses on simplifying financial transactions for businesses across the continent.