Paystack Unveils The Stack Group as It Eyes Stablecoins and Africa’s Next Phase of Fintech Innovation

Paystack, the Nigerian-founded fintech acquired by Stripe in 2020, has announced a major corporate restructuring as it marks its tenth year of operations. The company is reorganizing under a new holding structure, The Stack Group (TSG), a move that signals broader ambitions beyond payments and a sharper focus on emerging technologies such as stablecoins and artificial intelligence.

The announcement reflects a strategic reassessment of where the company believes the next decade of African fintech growth will come from. According to Paystack, three core ideas shaped its thinking about the future: the accelerating pace of technology, newly acquired regulatory licenses that unlock new capabilities, and the scale of unmet demand among African businesses that extends far beyond payments alone.

Paystack is now positioning itself as a multi-brand technology group designed to build and support financial infrastructure across different layers of the economy. Under the new structure, The Stack Group will operate as a parent company overseeing a portfolio of businesses, each with a distinct mandate:

• Paystack will continue to focus on merchant payments and payment infrastructure
• Zap will concentrate on consumer-facing payment experiences
• Paystack Microfinance Bank (MFB) will provide regulated banking and credit infrastructure
• TSG Labs will function as a venture studio focused on emerging technologies, including stablecoins and AI-driven products

Stablecoins, in particular, have emerged as a strategic theme. While Paystack has not announced a consumer-facing stable coin product, the inclusion of stable coin infrastructure within TSG Labs signals an intention to explore block chain-based value transfer as part of its long-term roadmap.

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The creation of TSG also comes with a revised ownership structure, subject to regulatory approvals. The new holding company will have three founding shareholder groups, that is, Stripe, Paystack employees, and Paystack’s Co-Founder and CEO, Shola Akinlade.

“I am deeply thankful 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. There is so much yet to build, and I am excited to continue to realise this vision for another decade,” said Shola.

Akinlade will continue to lead the group and has indicated that he is personally investing in the business, a move intended to demonstrate long-term commitment and alignment with the company’s future direction.