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Brass
Banking for local businesses
- Category:
- Fintech
- Country:
- Nigeria
- Founded:
- 2020
- Cause of Failure:
- Acquired by Paystack after operational challenges
- Outcome:
- Shutdown
- Shut Down in:
- June 2026
- Founders:
- Emmanuel Okeke, Sola Akindolu
- Number of Founders:
- 2
- Number of Employees:
- 11-50
- Funding Amount:
- $1.70 M
- Last Funding Round:
- Seed
- Notable Investors:
- Hustle Fund, Ventures Platform, MAGIC Fund, UNCOVERED FUND, Silverbacks Holdings
About Brass
A Nigerian digital banking platform that built premium financial software, current accounts, and cash-flow analytics for small and medium-sized enterprises (SMEs).
What went wrong?
Brass, a Nigerian business banking fintech, was absorbed into Paystack MFB after a two-year rescue bid. This suggests that the company faced significant operational or financial difficulties, which led to its inability to continue as an independent entity and ultimately to its integration into a larger organisation.
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Once-Beloved Fintech Brass Absorbed Into Paystack MFB After Two-Year Rescue BidDon't become a case study
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