Paystack absorbs card-issuing fintech Allawee in quiet deal

What's the deal? PaystackDealroom has a profile for this one. Try Dealroom → has acquired card-issuing fintech AllaweeDealroom has a profile for this one. Try Dealroom → and folded it into its operations. Terms of the deal were not disclosed.

Why now? Allawee is the second fintech brand Paystack has acquired and absorbed this year, signalling a pattern of steady dealmaking.

The signal: Two acquisitions in a single year points to Paystack building out its product range through consolidation rather than solely in-house development.

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