Paystack has marked its 10th anniversary with the launch of a new parent company, The Stack Group TSG, signaling the start of a broader ambition that extends beyond payments into banking, consumer finance, and emerging technologies.
Founded a decade ago to help African businesses get paid, Paystack has grown into one of the continent's leading payment platforms, serving over 300,000 businesses across Cote dIvoire, Ghana, Kenya, Nigeria, and South Africa, with regulatory approvals secured for Egypt and Rwanda. These markets together represent nearly half of Africa's GDP. Since its acquisition by global payments company Stripe in 2020, Paystack's total payment volume has increased more than twelvefold.
As it enters its second decade, the company announced it has achieved group-level profitability, a significant milestone for a technology company operating at scale across multiple African markets. The profitability milestone reflects sustained growth, operational maturity, and increased adoption of digital payments by businesses across the continent.
