Nigerian software engineer Shola Akinlade's Paystack reorganizes under holding firm after profitability
Paystack restructures under The Stack Group after turning profitable, uniting payments, banking and new ventures under a holding company.
Skip to content
Paystack restructures under The Stack Group after turning profitable, uniting payments, banking and new ventures under a holding company.
Shola Akinlade is expanding Paystack beyond payments, using banking and data to help close Nigeria’s $32 billion small business financing gap.
Paystack, co-founded by Shola Akinlade, acquires Ladder Microfinance to offer SME loans and digital banking in Nigeria.
CBN fines Paystack N250 million ($0.19 million) for allegedly running a wallet service via its Zap app, breaching its switching and processing license.
Akinlade is now the majority owner of Aarhus Fremad.
Sporting Lagos Football Club is an attempt to nurture the next generation of Nigerian sporting talent.
Edukoya plans to use the capital raised to expand its team, technology and learner base.
After a six-month pilot program, Nigerian payments platform Paystack has launched operations in South Africa.