Paystack, the Nigerian payments company co-founded by Nigerian software engineer Shola Akinlade, is stepping into banking after acquiring Ladder Microfinance Bank. The move expands its services beyond payments into deposit-taking and small business lending.
The acquisition, announced Wednesday, Jan. 14, 2026, marks a shift for Paystack from a payments platform to a broader financial services group. The acquired bank has been rebranded as Paystack Microfinance Bank Paystack MFB.
New bank targets Nigerias 32 billion gap
