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Paystack aids Nigerian small business growth

By Sofea Mansor
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Paystack aids Nigerian small business growth - paystack nigeria
Paystack aids Nigerian small business growth

Paystack has opened applications for its inaugural Small Business Launchpad, a four‑week growth programme aimed at Nigerian small and medium‑sized enterprises that already use the fintech’s payment platform.

How the programme works

The Launchpad will start on 27 August 2026 and will admit up to 50 active Paystack merchants. Applicants must pass an eligibility review and pay a ₦150,000 participation fee. Those selected are required to attend the full four‑week schedule, after which they receive three months of free payment processing capped at ₦25 million in transactions.

During the programme participants gain access to business clinics run by seasoned entrepreneurs, one‑on‑one expert office hours, and priority customer support from the firm. The curriculum covers customer acquisition, financial management, operational systems, and sustainable growth. Contributions come from leaders at firms such as M‑KOPA, Pricepally, KPMG, Bumpa and Taéillo.

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Beyond the training, merchants obtain early access to select Paystack products, exclusive partner offers, and a spot in a long‑term Launchpad community. The company says the benefits are intended to extend support beyond basic payment processing.

Paystack’s broader merchant support strategy

Earlier this year the firm launched a Small Business Bundle that offers eligible merchants discounted services from trusted partners. The new Launchpad builds on that effort by adding structured mentorship, networking and operational guidance for founders.

“Small business owners are making decisions every day about customers, cash flow, operations and growth, often with limited time and support. Launchpad gives us a practical way to work more closely with the merchants building on Paystack, connect them with experienced operators, and help them leave with stronger systems, relevant networks and actions they can apply immediately. We want the programme to be useful from day one, not theoretical,” said Jumoke Gbeleyi, Strategy and Operations Leader at Paystack.

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Paystack operates across Nigeria, Ghana, South Africa, Kenya and Côte d’Ivoire, serving more than 300,000 organisations ranging from startups to government agencies. The platform enables online and offline payments, and the firm has positioned itself as a key player in Africa’s fintech ecosystem.

The Launchpad’s focus on Nigeria reflects the current market emphasis, though the company hints at future cohorts in other regions. Interested merchants can submit applications through an online form on the Paystack website.

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