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Tag: Paystack

Business

Paystack launches parent company to manage growing fintech, tech portfolio

Paystack has unveiled The Stack Group, a new parent holding company designed to unify its expanding portfolio of tech-focused businesses across Africa. This development comes after the fintech firm expanded into financial services through its acquisition of Ladder Microfinance Bank. In a statement on Tuesday, Paystack said TSG will bring together all brands associated with […]

Tech

Paystack confirms co-founder Olubi’s sack

Paystack has clarified the reasons behind terminating its Co-founder and former Chief Technology Officer, Ezra Olubi, stating that the decision was made in accordance with its contractual rights and that due process was fully observed. In a statement issued to TechCabal on Monday, the company emphasized that the termination is unrelated to the ongoing independent […]

featured Tech

‘I was dismissed without hearing,’ Paystack co-founder decries termination

Paystack has dismissed its co-founder and Chief Technology Officer, Ezra Olubi, just days after suspending him over resurfaced allegations of sexual misconduct. The termination, disclosed by Olubi himself on Saturday, November 22, 2025, marks a swift and decisive response from the company’s leadership amid mounting scrutiny on social media. The decision follows Paystack’s Board of […]

featured Tech

Paystack suspends co-founder amid sexual misconduct allegations

Nigerian fintech Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following allegations of sexual misconduct linked to old tweets that resurfaced on Thursday and rapidly circulated on X. The company confirmed it has opened a formal investigation, reflecting increased attention to workplace conduct in Africa’s technology sector. “Paystack is aware of the […]

Business

Paystack co-founder under fire as past tweets spark uproar

There has been widespread uproar on X (formerly Twitter) after Paystack co-founder Ezra Olubi was called out over a series of troubling old tweets that recently resurfaced. The controversy began when financial professional Max Obae (@makispoke) made indirect allegations on X that many users linked to Ezra. Though she did not name him, she claimed […]

Paystack issues notice to crypto startup Zap Africa over trademark dispute
News

Paystack issues notice to crypto startup Zap Africa over trademark dispute

African fintech giant Paystack, a subsidiary of Stripe, has issued a cease and desist notice to cryptocurrency startup Zap Africa amid a brewing trademark dispute over the name “Zap.” The notice, sent on Monday, follows online discussions where Zap Africa accused Paystack of failing to verify the trademark status before launching its new consumer product, […]

Paystack launches app focused on bank transfers
News

Paystack launches app focused on bank transfers

Leading fintech company Paystack has unveiled its latest product, Zap, a consumer payment app designed for instant and secure transactions. The announcement was made during a live-streamed event on Paystack’s official YouTube channel, signaling the company’s ambition to reshape the digital payments landscape in Nigeria and beyond. Unlike many existing digital wallets and mobile money […]

Paystack to lay off 33 employees in UAE, Europe
News Tech

Paystack to lay off 33 employees in UAE, Europe

Nigerian fintech Paystack is laying off 33 workers in Europe and UAE, the company’s CEO, Shola Akinlade confirmed this in a tweet on Thursday. Akinlade stated that layoff is as a reduction of Paystack’s operations outside Africa. “We’re changing our operating model to prioritise locating team members within the markets we serve, to localise costs […]

Paystack launches virtual terminals for businesses
News Tech

Paystack launches virtual terminals for businesses

Nigeria-based fintech company Paystack is launching virtual terminals to enable retailers to accept bank transfers for multi-person enterprises. The new product accepts payments by QR codes, international bank cards, and Apple Pay. Additionally, business owners can give virtual accounts to sales representatives so that they can track and confirm transactions without getting in touch with […]

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