A leading payments processing company in Nigeria that recently launched a product called 'Zap'.
African fintech companies want a bigger role in how businesses operate, not just how they get paid
African fintech companies are moving beyond payment acceptance to provide comprehensive financial services. Executives from Mastercard, Remita, and OPay emphasized the need for cash-flow management and fraud reduction at Moonshot 2026.
Paystack’s Akinlade puts business infrastructure at centre of next growth phase
Paystack is shifting its focus from just payment acceptance to addressing broader financial needs for businesses. The company has supported various sectors beyond its original ambitions, showcasing the versatility of its infrastructure.
Flutterwave CEO on why African fintechs want to become banks
Flutterwave secured a national microfinance banking license through the acquisition of Mono. Paystack acquired Ladder Microfinance Bank, while Moniepoint secured a microfinance banking license in 2025.
Six years after Stripe, Paystack is learning to keep money
Stripe acquired Paystack for $200 million in October 2020, marking the largest acquisition of a Nigerian startup. Paystack expanded its operations to several African countries, including Côte d’Ivoire, Ghana, Kenya, Nigeria, and South Africa.
Nigeria’s fintechs built payments. Now they’re becoming banks.
Paystack acquired Ladder Microfinance Bank in January, marking its entry into the banking sector. Flutterwave secured a national MFB license in April through its acquisition of open banking startup Mono.
