Pecohub A financial technology firm, Paystack, yesterday, announced the launch of The Stack Group (TSG), a parent holding company that will aggregate the tech-focused family of brands.
According to the firm, TSG founding shareholders include Stripe, Shola Akinlade (Founder and CEO of Paystack), and existing Paystack employees.
The agreements establishing TSG as the parent holding company were signed in October 2025 and are subject to requisite regulatory approvals.
Paystack, in an announcement, said since its acquisition by Stripe in 2020, it has grown its payment volume by 12x and is licensed and operational in Côte d’Ivoire, Ghana, Kenya, Nigeria and South Africa, with regulatory approvals for Egypt and Rwanda, representing 46 per cent of Africa’s GDP.
This product-first approach to pan-African growth has since led to Paystack becoming profitable at the group level, the company announces today.
According to it, the announcement follows the recent launch of Paystack MFB in Nigeria. Functioning as a standalone bank, Paystack MFB allows the group to internalise core financial rails and provide the banking and credit infrastructure required by over 300,000 Nigerian merchants.
These capabilities enable the development of elegant, compliant, and much-needed end-to-end money-movement solutions and will continue to power the company’s mission of building technology solutions for Africa, to power African ambition.
Providing a corporate umbrella for a family of complementary brands that innovate in different domains, TSG companies will be united by shared values and deep knowledge of building technology products to solve Africa-specific challenges, while remaining operationally independent.
