Abeg gather here, make I yarn you beta gist wey dey happen for Paystack!
You sabi say na dem fintech wey dey help our Naija people collect money online? Dem don mark 10 years anniversary and decided say e no go just end for payment wahala. Na why dem launch new company wey dem dey call The Stack Group (TSG). Dis TSG go help dem shift from just handling payment to banking and even consumer finance!
Na wa oh! Dis new venture mean say dem dey ready to take over everything wey concern money matter for Africa. Paystack now dey serve more than 300,000 businesses across countries like Nigeria, Ghana, South Africa, and plenty more, and dem don secure regulatory approvals for Egypt and Rwanda as well. Dis place fit represent almost half of Africa’s GDP! E good, abi?
Dem acquire by global payments giant Stripe in 2020, and since den, Paystack don increase dem payment volume over twelve times. Tabi you fit imagine? Na dis level of growth wey dem achieve, wey dem now don reach profitability! Dis na big deal, especially for African tech companies!
Under dis new structure, we go see dem dey focus on different things. Paystack go continue to run merchant payments, while dem get Zap wey go manage consumer payments. Plus, dem go open Paystack Microfinance Bank to drive bank services innovation. If you dey see wetin dey happen, na serious ambition dis!
Shola Akinlade, wey be CEO and founder, go still dey lead di group. Him don drop his own personal investment, show say im dey committed to the vision of TSG. Dem talk say dem already don secure microfinance banking license for Naija and dey finalize stablecoin license too. E be like say dem wan do serious things!
The Stack Group no be just payment processor again, dem gatz support businesses beyond payments. E mean say technology go help unlock new potential for businesses and consumers across Africa. People wey dey hope for economic and tech revolution for Africa, you fit put your hope for TSG!
Nobody go fit deny say Paystack don become serious player for the African fintech game. We go dey watch as dem continue to expand and show wetin dem fit achieve in the next decade. Abeg my people, keep your eyes wide open, because progress no dey sleep!
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