Paystack, Flutterwave, and Sycamore have all acquired microfinance bank (MFB) licences this year, marking a structural shift from payment processing to deposit-taking and lending. Paystack started in January by acquiring Ladder Microfinance Bank. Flutterwave followed in April, securing a national MFB licence through its acquisition of open banking startup Mono. And in May, Sycamore told TechCabal it plans to build a deposit base north of **₦40 billion ($29.13...