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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alt="Ranked #18 of 528 in PSP — Embedded Finance Index 2026">
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<img src="https://www.embeddedfinanceindex.com/api/badge/paystack/install" width="1" height="1" alt="" style="display:none">22 companies are linked to Paystack in the Embedded Finance Index 2026, through their own public disclosures or Paystack's published customer list, 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 #18 of 528 PSP providers by linked companies.
The most-named PSP alternatives to Paystack are Stripe (782 buyers), Adyen (317 buyers), PayPal (153 buyers), Checkout.com (114 buyers), Worldpay (88 buyers) and Mollie (63 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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