Paystack Eyes Growth Beyond Payments with Restructuring

Paystack eyes growth beyond payments with restructuring

The NewsNigerian payments processor Paystack is expanding into banking and consumer finance in a corporate shakeup as it bets on Africa’s entrepreneurs, its CEO told Semafor, five years after being acquired by US fintech giant Stripe.Paystack marked its 10th anniversary with the launch of a new parent holding company, The Stack Group, which will operate a collection of brands, its CEO and Paystack co-founder Shola Akinlade said in an interview: …

Paystack Achieves Group-Level Profitability, Unveils The Stack Group In Strategic Restructuring

Paystack has achieved group-level profitability and announced the creation of a new parent company, The Stack Group, a major strategic shift as the fintech firm enters its second decade of operations. The announcement was made by Shola Akinlade, Chief Executive Officer of Paystack, as the company marked its 10th anniversary. Paystack was founded with the […] The post Paystack Achieves Group-Level Profitability, Unveils The Stack Group in Strateg…

Shola Akinlade's Paystack reorganizes under holding firm

Paystack, the Nigerian payments company co-founded by Nigerian software engineer Shola Akinlade, has reorganized its operations under a new holding company, The Stack Group, as it reports group-wide profitability and steady monthly cash flow. The new structure brings Paystack, its consumer app Zap, Paystack Microfinance Bank and a venture studio under one umbrella, marking a clearer break from its single-product roots and a wider push beyond mer…

Paystack Launches Holding Company The Stack Group (TSG), to Power African Ambition

African fintech giant Paystack has announced the launch of The Stack Group (TSG), a new parent holding company that oversees Paystack and a family of ventures focused on building the technology to drive African ambition. These ventures include Paystack, Zap, Paystack Microfinance Bank (MFB), and TSG Labs, a venture studio focused on emerging technologies such […] The post Paystack Launches Holding Company The Stack Group (TSG), to Power African …

What Paystack’s New Holding Company Says About Power, Control, and Maturity in African Tech

Paystack, the fintech giant that has become the backbone of digital commerce in Africa, has announced a major structural evolution to celebrate its 10th anniversary. The company is transitioning into The Stack Group (TSG), a parent holding company designed to manage a diversifying portfolio of brands that now span beyond merchant payments into banking, consumer … The post Paystack Marks 10th Anniversary with Shift to Holding Company and Group Pr…

Paystack Launches Holding Company The Stack Group

By Adedapo Adesanya Top payment solutions company, Paystack, has launched a holding company, known as The Stack Group (TSG), in its bid to aggregate the tech-focused family of brands connected with the Paystack brand. TSG founding shareholders include Stripe, Shola Akinlade (Founder and CEO of Paystack), and existing Paystack employees. The agreements establishing TSG as […]