Paystack started in Nigeria ten years ago with a simple idea: to make it easier for businesses to get paid.

We believed modern technology could make payments less complex and frustrating, so we set out to build infrastructure to support that goal. While there’s still a lot to do, we make progress every day.

A decade later, Paystack has grown from a payments product in Nigeria into a platform that operates across five African countries.

Every month in Nigeria, our systems process trillions of naira, supporting 300,000 ambitious businesses and millions of buyers.

Along the way, we learned something important:

Payments are a critical part of the financial journey, but not the whole story.

Businesses don’t just need to get paid. They need a financial operating system. One that helps them store money safely, move it easily, understand it clearly, and grow with confidence.

Individuals want financial tools that help them grow, protect, and use their money confidently as their lives and ambitions evolve.

And developers want infrastructure that allows them to build elegant solutions on reliable platforms, quickly, securely, and compliantly.

A challenge this large deserves a dedicated team of problem solvers. That’s why we’re starting a new company to pursue it, called Paystack Microfinance Bank.

Paystack Microfinance Bank operates independently of our sister company, Paystack Payments Limited, with its own license, roadmap, and governance. We work closely, but each company is focused on its respective mission.

We’re bringing the same principles that shaped Paystack from day one: reliability, thoughtful simplicity, transparency, and trust. We’ve kicked off with a small group of members and will gradually open up to more businesses and individuals who are excited to help co-author this next chapter with us.

Ten years ago, we set out to fix payments. Today, we’re extending that work to build banking that helps you do more and dare more.

Thank you to the many merchants and customers who inspire us to imagine bigger. We’re excited to build something incredible with you.

With care,
Your team at Paystack MFB