Paystack Acquires Ladder Microfinance Bank, Enters Regulated Banking and Lending in Nigeria
Paystack, one of Nigeria’s leading fintech companies, has acquired Ladder Microfinance Bank, marking a major expansion beyond payments and into regulated banking and lending services in Nigeria.
The Paystack acquisition grants the Stripe-owned fintech a microfinance banking licence, enabling it to accept deposits, issue loans, and offer digital banking services—functions previously restricted under its payments-only licence.
With Paystack entering banking, the move positions the company at the center of Nigeria’s evolving fintech and financial services sector, strengthening its ability to serve SMEs, merchants, and underserved populations through credit, savings, and embedded finance solutions.
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