Paystack has launched a new holding company, The Stack Group (TSG), as it expands beyond payments into banking, consumer finance, and AI-powered products.
The move comes as Paystack marks its 10th anniversary and confirms it is now profitable.
TSG will be the parent company for a group of related businesses, including:
Paystack (payments platform)
Paystack Microfinance Bank
Zap (consumer payments app)
TSG Labs (a new venture studio focused on building new products)
Paystack said the agreements creating TSG were signed in October 2025 and are awaiting regulatory approval.
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The company said the reorganisation will help it move from a single payments product to a broader technology group serving African businesses and consumers.
Since being acquired by Stripe in 2020, Paystack’s payment volume has grown more than 12 times. It is licensed in Nigeria, Ghana, Côte d’Ivoire, Kenya, and South Africa, with approvals pending in Egypt and Rwanda.
The launch follows Paystack’s acquisition of Ladder Microfinance Bank and the launch of Paystack Microfinance Bank in Nigeria. The bank, Paystack said, will help the company provide the infrastructure needed by more than 300,000 Nigerian merchants.
Paystack said the move will support “end-to-end money movement solutions” across the continent.
Paystack founder and CEO Shola Akinlade said the new structure reflects the company’s wider ambitions.
“The launch of TSG signals a larger scope of ambition for us and sets the tone for the next decade of our company,” he said.
He added that the new group will help Paystack support businesses beyond payments.
“Thank you to the Stripe team for their continued belief in Africa’s potential,” Akinlade said, “and our ability to create transformative technology companies for the continent, and beyond.”