Paystack has today announced the launch of The Stack Group (TSG). This will be the new parent holding company that will house a family of tech-focused brands including Paystack, Paystack Microfinance Bank (MFB), Zap and TSG Labs.
The announcement comes as Paystack celebrates its 10-year anniversary in January 2026 and reports strong financial momentum following its acquisition by global payments giant Stripe in 2020. Since then, Paystack says its payment volume has grown more than 12x and the group is now profitable at the holding company level.
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Under the new structure, TSG will act as the corporate umbrella for a set of operationally independent brands united by shared values and a common focus on building technology products for Africa.
At launch, The Stack Group will include:
• Paystack – focused on merchant payments
• Zap – focused on consumer payments
• Paystack Microfinance Bank (MFB) – focused on banking and credit infrastructure
• TSG Labs – a new venture studio developing products in fintech and beyond, including AI-led offerings
According to Paystack, the agreements establishing TSG as the parent company were signed in October 2025 and are currently pending regulatory approvals.
Since its acquisition by Stripe, Paystack has expanded its footprint across Africa and is now licensed and operational in Côte d’Ivoire, Ghana, Kenya, Nigeria, and South Africa, with approvals in place for Egypt and Rwanda. These markets together represent about 46% of Africa’s GDP.
A key part of the group’s new strategy is Paystack MFB, which launched recently in Nigeria. Operating as a standalone microfinance bank, Paystack MFB allows the group to internalise core financial rails and provide banking, credit, and money movement infrastructure to over 300,000 Nigerian merchants.
This gives Paystack deeper control over the full financial stack, from payments to accounts to credit, and positions the group to build more seamless, compliant, and end-to-end financial products for African businesses.
Shola Akinlade, Founder and CEO of Paystack, said the launch of TSG reflects a broader ambition for the next decade:
“The launch of TSG signals a larger scope of ambition for us and sets the tone for the next decade of our company. Having worked with thousands of companies across the continent since 2016, it is clear that there are significant opportunities to support businesses beyond payments, and TSG enables us to address the challenges African companies face.”
With TSG Labs, the group will now also explore opportunities outside traditional fintech, including AI-led products and new technology ventures aimed at solving Africa-specific challenges.
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