October 26

Ventures Platform, Hustle Fund Back Nigerian Fintech Brass in $1.7 Million Round

By Tage Kene-Okafor

Small and medium enterprises make up more than 95% of all businesses in Nigeria. But despite their sheer size and importance, a majority of them are underserved by financial institutions and lack the full suite of financial services needed to scale their operations.

Aside from full-stack financial needs, including credit, small and medium businesses require other essential resources to understand their financial operations.

Brass is a Nigerian fintech tackling these challenges by providing banking services to small and medium businesses. The company has secured a $1.7 million funding round to scale its offerings for “local entrepreneurs, traders and fast-growing businesses.”

Sola Akindolu and Emmanuel Okeke founded Brass in July 2020. Before Brass, CEO Akindolu was the head of product at YC-backed Kudi, while CTO Okeke was an engineering manager at Stripe subsidiary Paystack.

Photo by Christina @ wocintechchat.com.

Source: TechCrunch (link opens in a new window)

Finance, Technology
business development, financial inclusion, fintech