Nigeria‑born fintech Paystack has officially unveiled The Stack Group (TSG) as its new parent holding company, signaling a strategic shift from a payments-focused business into a diversified financial technology group. The announcement comes shortly after Paystack acquired and rebranded Ladder Microfinance Bank as Paystack Microfinance Bank, expanding its footprint into banking services, according to Techeconomy.ng.
Under TSG, Paystack’s core merchant payments platform, the consumer app Zap, the newly established Paystack Microfinance Bank, and TSG Labs, a hub for product innovation, will operate as distinct units within the group. The founding shareholders include Stripe, Paystack CEO Shola Akinlade, and existing Paystack employees, reflecting a blend of international and local investment backing.
Since its acquisition by Stripe in 2020, Paystack has expanded across multiple African markets and recorded significant growth in payment volumes. The creation of TSG aims to provide businesses and consumers with a broader range of financial services, including deposits, lending, and integrated payments, strengthening its role in Africa’s digital economy.
The formal agreements establishing The Stack Group were signed in October 2025 and are subject to regulatory approvals. Nairametrics said the move positions the group for the next phase of growth, leveraging its technology and banking infrastructure to support African companies and drive financial inclusion.
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