Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 22 companies across 1 category.
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Paystack started as Africa's answer to Stripe — clean APIs for online card acceptance for Nigerian businesses. After Stripe's 2020 acquisition it became Stripe's African beachhead and expanded across five+ markets. The 2026 acquisition of Ladder Microfinance Bank is the company's most material pivot: it moves Paystack from pure payments infrastructure into deposit-taking, lending, and banking-as-a-service, mirroring how Moniepoint and OPay used MFB licences to become full-stack financial platforms.
Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/paystack/install" width="1" height="1" alt="" style="display:none">22 companies disclose Paystack in their stack in the Embedded Finance Index 2026, including Baobab Nigeria, Indicina, Leadway, Dokan, Mutual Benefits Assurance Plc., Cloudbeds, GymMaster, Jaiz Bank Plc, PremiaBN, SalesRuby and 2 others.
Paystack is an embedded-finance provider in PSP. It ranks #19 of 537 PSP providers by disclosed buyers.
The most-disclosed PSP alternatives to Paystack are Stripe (772 buyers), Adyen (275 buyers), PayPal (152 buyers), Checkout.com (113 buyers), Worldpay (88 buyers) and Mollie (59 buyers).
Paystack was founded by Shola Akinlade and Ezra Olubi and is founded in 2015, headquartered in Lagos, Nigeria.
Paystack has raised ~$10M (pre-acquisition) in total.
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