Brass
Brass was a Nigerian digital business banking platform providing SMEs with payments, invoicing, cashflow management, team banking with multisig approvals, and a composable API. Acquired by Paystack in 2024 and folded into Paystack Microfinance Bank by July 2026.
- Company typePrivate
- Founded2020
- HeadquartersLekki, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Brass does
Brass (legal entity: Copper Brass Limited, RC Number 7483800) is a Nigerian digital business banking platform founded in 2020 by Sola Akindolu (CEO) and Emmanuel Okeke (CTO) and headquartered in Lekki, Nigeria. The company provides small and medium enterprises with a unified toolkit spanning payments (instant, scheduled, and recurring), invoicing, cashflow support, team banking with multisig approvals, sub-accounts, and an inventory management add-on, delivered through a web dashboard and mobile applications on iOS, Android, and Slack, with a composable API and native integrations into QuickBooks, Sage, Slack, and Zapier for developer-led and internet-company use cases.
Brass operates through licensed banking partnerships with Wema Bank and Titan Trust Bank, both regulated by the Central Bank of Nigeria, allowing the firm to deliver regulated financial services without holding its own banking license. Go-to-market is product-led and self-serve, with onboarding reportedly completing in roughly 10 minutes and targeting retail businesses, internet/startups, and African SMEs more broadly. Pricing is advertised as free for account opening and many transactions, with specific tiers not publicly disclosed; the disclosed revenue stream is transaction fees on payments and transfers.
Brass raised $1.7 million in seed funding in October 2021 from Flutterwave, Paystack, Ventures Platform (co-lead with Hustle Fund), and additional VCs. Following a 2023 liquidity crisis marked by withdrawal processing delays, Brass was acquired in May 2024 by a Paystack-led consortium including PiggyVest, Ventures Platform, and P1 Ventures. The company is being folded into Paystack Microfinance Bank, with all customers required to migrate or close accounts by July 31, 2026.
Brass firmographics
Firmographics- Name
- Brass
- Legal name
- Copper Brass Limited
- Website
- https://trybrass.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Brass was a Nigerian digital business banking platform providing SMEs with payments, invoicing, cashflow management, team banking with multisig approvals, and a composable API. Acquired by Paystack in 2024 and folded into Paystack Microfinance Bank by July 2026.
- Ownership category
- akta.pro rank
Where Brass is headquartered
LocationHeadquarters
- HQ city
- Lekki
- HQ country
- Nigeria
- HQ region
- Africa
Markets served
Brass business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Business Account and Transaction Fees: Revenue generated from transaction fees on payments and transfers processed through the business banking platform
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | — | Free business account with transaction fee-based revenue |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Brass product offering
Product offeringCore offering
Brass (legally Copper Brass Limited) operates a digital business banking platform tailored for small and medium enterprises in Nigeria. It offers business current accounts, payments, invoicing, cashflow management, and team banking features, accessible through a dashboard, mobile apps (iOS and Android), Slack, and a composable API. Banking operations are delivered under regulatory licences held by partner banks (Wema Bank and Titan Trust Bank) under Central Bank of Nigeria oversight.
Product overview
Brass offers a unified business banking platform that provides a complete financial toolkit for modern businesses. The core platform includes payment processing (instant, scheduled, and recurring), invoice management, cashflow support, team banking with multi-signature approvals, and sub-account creation. The platform is accessible via web dashboard and mobile applications on iOS and Android, with a composable API for internet companies requiring custom integrations. The platform targets both retail businesses (stores, restaurants, offline merchants) and internet companies (startups, online businesses). Financial services are delivered through licensed partnerships backed by Wema Bank and Titan Trust Bank, regulated by the Central Bank of Nigeria. Note: The company was acquired by a Paystack-led consortium in May 2024 and is scheduled to cease independent operations by July 31, 2026, migrating customers to Paystack Microfinance Bank.
Differentiator
Problem solved
Functional benefit
Products and services
- Brass Business Banking Platform
- Composable Banking API
Companies that use Brass
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles2 records
Brass technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature6 records
Brass partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Wema BankcoreLicensed banking partner providing the regulatory infrastructure for Brass financial services. Wema Bank is regulated by the Central Bank of Nigeria.
- Titan Trust BankcoreLicensed banking partner providing the regulatory infrastructure for Brass financial services. Titan Trust Bank is regulated by the Central Bank of Nigeria.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Brass competitors and assessment
Company assessmentOthers
- Paystack: Paystack is the parent acquirer of Brass (May 2024) and a leading African payments processor. It is comparable as a fintech ecosystem orchestrator in Nigeria and directly enables Brass's SME banking distribution post-acquisition.
- PiggyVest: PiggyVest is one of Nigeria's largest digital savings and investment platforms and part of the Paystack-led consortium that acquired Brass. While not a direct competitor, it is a key ecosystem participant and Brass shareholder shaping the African SME banking stack.
Regional players
- Chipper Cash: Chipper Cash is a Pan-African cross-border payments and business banking platform operating across multiple African markets. It is regionally comparable to Brass's planned Kenya/South Africa expansion as an African multi-market fintech.
Direct peers
- Carbon (formerly Paylater): Carbon is a Nigerian digital lender and banking platform serving individuals and SMEs with payments, deposits, and credit products. It overlaps with Brass on SME digital banking and credit in the same Nigerian market.
- Squad (GetSquad): Squad is a Nigerian business banking platform for SMEs and startups offering multi-currency accounts, payments, and team spend management — the closest direct competitor to Brass in the Nigerian market with overlapping features such as sub-accounts and API access.
- Kuda Bank: Kuda is a leading Nigerian digital bank offering business and consumer banking through a mobile app. It competes with Brass for SME and retail deposit/transaction accounts and operates on a similar license-via-partnership model in Nigeria.
- FairMoney: FairMoney is a Nigerian fintech operating in digital banking and lending for consumers and SMEs via a mobile app. It competes with Brass across the SME digital banking and small-ticket credit opportunity in Nigeria.
- Mercury: Mercury is a US-based business banking platform for startups and tech companies with API access, multi-user approvals, and integrations. It is directly comparable to Brass in product, target customer (SME/startups), and tech-led approach, despite the geographic difference.
Broad incumbents
- Flutterwave: Flutterwave is one of Africa's largest payments infrastructure companies and a Brass investor. It offers adjacent business financial tooling (e.g., marketplace, invoicing) that overlaps with Brass's payment and invoicing products.
Emerging players
- Mono (Mono Technologies): Mono is a Nigerian open-banking infrastructure provider aggregating bank data and enabling account-to-account payments for fintechs. It overlaps with Brass's API-first business banking offering from an infrastructure layer rather than competing on the full SME banking stack.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Brass social profiles
Digital presenceBrass financial estimates
Financial estimateRevenue estimate
Valuation estimate
Brass leadership team
Management profileNumber of profiles
Profiles2 records
Brass funding detail
Funding detailFunding overview
Funding rounds2 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Brass M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Brass
What does Brass do?
Brass (legally Copper Brass Limited) operates a digital business banking platform tailored for small and medium enterprises in Nigeria. It offers business current accounts, payments, invoicing, cashflow management, and team banking features, accessible through a dashboard, mobile apps (iOS and Android), Slack, and a composable API. Banking operations are delivered under regulatory licences held by partner banks (Wema Bank and Titan Trust Bank) under Central Bank of Nigeria oversight.
Is Brass a public or private company?
Brass is a private company. It is classified as corporate owned and is currently acquired.
When was Brass founded?
Brass was founded in 2020. It employs 11 to 50 people.
Where is Brass based?
Brass is headquartered in Lekki, Nigeria, in the Africa region.
How does Brass make money?
One revenue line is on record: business Account and Transaction Fees.
Who are Brass's main competitors?
Others on record are Paystack and PiggyVest. Chipper Cash is listed as a regional player. Direct peers are Carbon (formerly Paylater), Squad (GetSquad), Kuda Bank, FairMoney and Mercury. Flutterwave is listed as a broad incumbent. Mono (Mono Technologies) is listed as an emerging player.
Does Brass have an API?
Yes. Brass offers a composable API that enables developers to design their own dashboard or payment and approval flows, with technical support available. The API appears to be targeted at internet companies and API-driven businesses. Developer documentation is at docs.trybrass.com.