Acquiring Company
Paystack
Acquired Company
Allawee
San Francisco
LagosInformation TechnologyFinancial ServicesFintechDescription
Paystack has acquired Allawee, a Nigerian card-issuing startup, as part of its strategic expansion in the fintech sector. The acquisition was completed in 2025, but was only recently disclosed to customers. Allawee's clients will need to transition to new accounts with Paystack's platforms, as existing services will cease to function after December 1, 2026.
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Based on deal dataFrequently asked
Who acquired Allawee?
Allawee was acquired by Paystack, based in San Francisco. The deal was reported on August 31, 2026. Paystack is a leading fintech company specializing in online payments across Nigeria. Founded in 2016, it has quickly become a key player in the digital economy, facilitating transactions for thousands of businesses. Paystack is privately held and operates in Information Technology.
When did Paystack acquire Allawee?
Paystack's acquisition of Allawee was reported on August 31, 2026. Paystack has acquired Allawee, a Nigerian card-issuing startup, as part of its strategic expansion in the fintech sector. The acquisition was completed in 2025, but was only recently disclosed to customers. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Allawee do?
Allawee is a Nigerian card-issuing startup established in 2022. The company focused on providing an end-to-end card-issuance platform with core banking and card authorization features. It is privately held, operating in Financial Services, and is based in Lagos.
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