Paystack Unveils Holding Firm, The Stack Group (TSG)

Paystack has entered a new chapter. The payments company has launched The Stack Group as its parent holding firm. The move creates a corporate home for Paystack’s expanding family of technology brands. It also signals a broader ambition beyond payments as the company approaches its tenth anniversary in January 2026.

The agreements forming Paystack TSG were signed in October 2025. They still await regulatory approvals. Founding shareholders include Stripe, Paystack founder Shola Akinlade, and existing employees. The new group will oversee Paystack, Paystack Microfinance Bank, Zap, and TSG Labs. Each brand will operate independently. However, they will share product expertise built from solving Africa’s technology challenges.

Since Stripe acquired Paystack in 2020, payment volumes have grown more than twelvefold. The company now operates in Côte d’Ivoire, Ghana, Kenya, Nigeria, and South Africa. It also holds regulatory approvals for Egypt and Rwanda. These markets represent roughly 46 per cent of Africa’s GDP. This growth has pushed the group into profitability, according to the announcement.

The launch follows the recent debut of Paystack Microfinance Bank in Nigeria. The bank allows the group to manage its own financial rails. It now provides banking and credit infrastructure to more than 300,000 Nigerian merchants. This setup supports Paystack’s goal of building smooth, compliant money-movement tools for African businesses.

TSG’s Organogram: Image Source TSG

A Holding Group with Bigger Ambitions

Paystack TSG also introduces TSG Labs, a venture studio that will explore emerging technologies. Its work will stretch beyond fintech, including AI-led products. This signals a shift from a single-product company into a multi-brand technology group with wider reach.

Shola Akinlade said the new structure reflects a longer-term vision.

“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. Thank you to the Stripe team for their continued belief in Africa’s potential, and our ability to create transformative technology companies for the continent, and beyond.”

The timing is deliberate. January 2026 marks ten years since Paystack began building payment tools for African businesses. With Paystack TSG now in place, the company positions itself for a broader role in shaping Africa’s technology landscape over the next decade.