African Tech is Compounding: Paystack's Acquisition Spree and TLcom's Decade of Lessons

Nigerian tech isn't just surviving a funding drought—it's quietly compounding. The ecosystem is mature enough for winners to acquire rather than just compete, and the building blocks for scaling are more solid today than they were a decade ago.

Evidence For

• Paystack's acquisition playbook is the clearest signal. In 2026 alone, Nigeria's largest payments processor folded business banking startup Brass into its microfinance bank in June, acquired Ladder Microfinance Bank...