African payments company Paystack has reduced its operations outside of Africa, trimming its workforce in Europe and Dubai. This decision comes as part of a streamlining effort, particularly in ...

Nigerian payments processor Paystack is expanding into banking and consumer finance in a corporate shakeup as it bets on Africa's entrepreneurs, its CEO told Semafor, five years after being acquired ...

Customers of Nigerian card-issuing startup Allawee discovered this week that the company had been acquired — months ago, without any public announcement — through shutdown emails telling them their ...

Nigeria’s largest payments processor bought card-issuing startup Allawee in 2025 without public announcement. Allawee customers must withdraw balances before November 30, 2026 as accounts and cards ...