Paystack Launches The Stack Group and Expands Financial Services to Reinforce Nigeria’s Digital Economy Growth
Lagos, Nigeria — Paystack, the Nigerian fintech powerhouse and Stripe-owned payments leader, is entering a new chapter of strategic expansion and innovation as it marks its 10-year anniversary with a bold restructure and fresh financial services offerings that deepen its impact on Nigeria’s digital payments ecosystem.
🧭 Paystack Forms The Stack Group to Unlock Growth and Innovation
In early January 2026, Paystack announced the formation of a new parent holding company — The Stack Group (TSG) — following its achievement of group profitability and continued growth across Africa. Under this structure, Paystack’s core payments business, consumer app Zap, the newly acquired Paystack Microfinance Bank, and TSG Labs (a venture studio focused on emerging tech) now operate as distinct, specialized entities.
The holding company model allows each subsidiary to navigate regulatory requirements independently, reduce cross-unit risk, and pursue targeted product innovations — including financial infrastructure products and advanced technologies.
🏦 Entry Into Nigerian Banking With Microfinance Acquisition
Paystack’s strategic expansion includes its entry into Nigeria’s banking sector through the acquisition of Ladder Microfinance Bank, enabling it to offer deposit-taking and lending services alongside its existing payment infrastructure. The rebranded Paystack Microfinance Bank will initially focus on business lending before extending services to individuals and launching banking-as-a-service (BaaS) products for fintech partners and SMEs.
This move addresses a long-standing demand from Nigerian businesses for broader financial solutions — especially credit access and treasury services — while fostering deeper engagement with Nigeria’s small and medium enterprises (SMEs).
🚀 Driving Innovation: Consumer Finance & Tech Labs
Alongside banking expansion, Paystack’s consumer payments app Zap and TSG Labs venture studio position the group to innovate in fast-evolving areas such as digital wallets, fintech tools, and emerging technologies like stablecoins and blockchain infrastructure — part of a future-oriented strategy to enhance digital financial access and competitiveness.
Founders and executives emphasize that separating business units under The Stack Group facilitates regulatory clarity, product focus, and risk management, while enabling Paystack to tackle next-generation financial services needs across the continent.
Why This Matters for Nigeria’s Digital Economy
1. Structural Growth and Local Leadership:
Paystack’s evolution into The Stack Group reflects the maturing of Nigerian fintech and underscores local capability to build and scale diversified financial products.
2. Financial Inclusion and SME Support:
The microfinance bank acquisition enables Paystack to extend credit and banking services to businesses that have historically faced financing challenges, helping to close Nigeria’s SME financing gap.
3. Innovation and Future-Ready Tools:
Through consumer offerings and technology labs, Paystack is positioning itself to drive innovation in payments, digital assets, and financial tools that benefit Nigerian users and businesses.
