Paystack has launched a new holding company, The Stack Group (TSG), marking a shift as the African fintech expands beyond payments into banking, consumer finance, and artificial intelligence-driven product development.
The move comes as the company confirms it has achieved profitability, nearly a decade after its founding.
In a statement issued on Tuesday, Paystack said TSG will sit above a group of independent but complementary businesses, including Paystack, Paystack Microfinance Bank, consumer payments app Zap, and TSG Labs, a newly created venture studio. TSG Labs will focus on building new technology products both within and outside traditional financial services, with AI expected to play a central role.
Agreements establishing the group structure were signed in October 2025 and are currently awaiting regulatory approvals. Once completed, the reorganisation will formalise Paystack’s transition from a single-product payments company into a broader technology group providing infrastructure for African businesses and consumers.
READ ALSO: Paystack acquires Ladder Microfinance Bank, signals strategic shift into lending
The announcement coincides with Paystack’s 10th anniversary, underscoring how far the company has evolved since launching as a payments startup in Lagos. Since its acquisition by global payments giant Stripe in 2020, Paystack says its payment volume has grown more than 12 times, reflecting accelerated adoption by businesses across the continent.
The company is licensed and operational in Nigeria, Ghana, Côte d’Ivoire, Kenya, and South Africa, with regulatory approvals underway in Egypt and Rwanda. Together, these two markets account for roughly 46% of Africa’s GDP.
The post Paystack launches ‘The Stack Group’ to drive banking, consumer finance, and AI appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
