Brass

Company overview

Brass is a Nigerian-based financial technology company specializing in providing comprehensive banking solutions tailored for businesses. Their platform offers a suite of services, including payments, invoicing, cash flow management, and team banking, all accessible through a unified dashboard. (trybrass.com)

Serving a diverse clientele ranging from retail businesses to internet companies, Brass has established itself as a pivotal player in Nigeria's small and medium-sized business (SMB) sector. The company is headquartered in Nigeria and operates under the regulatory oversight of the Central Bank of Nigeria. (trybrass.com)

Brass's platform is designed to streamline financial operations, enabling businesses to manage payments, track cash flow, and collaborate with team members efficiently. The company emphasizes speed, security, and support, offering features like instant account opening, bank-grade security measures, and dedicated customer support. (trybrass.com)

Story

In 2020, Sola Akindolu and Emmanuel identified a significant gap in Nigeria's financial services sector: the lack of accessible and efficient banking solutions for businesses. Recognizing the potential to empower entrepreneurs and streamline business operations, they founded Brass with the mission to provide world-class financial tools tailored for local businesses. (trybrass.com)

The early days were marked by challenges common to startups, including securing funding and building a user base. However, Brass's commitment to innovation and customer-centric solutions led to rapid adoption among Nigerian businesses seeking efficient financial management tools. (trybrass.com)

A pivotal moment in Brass's journey occurred in May 2024 when an investment group led by Paystack, along with PiggyVest, Ventures Platform, and P1 Ventures, acquired the company. This acquisition was a testament to Brass's impact on Nigeria's SMB economy and provided the resources to further enhance its offerings. (trybrass.com)

Post-acquisition, Brass continued to innovate, introducing features like Brass Payroll, a comprehensive payroll solution, and enhancing its mobile application to improve user experience. The company's growth trajectory reflects its dedication to empowering businesses with efficient financial tools. (trybrass.com)

Mission

Brass is dedicated to empowering businesses by providing accessible, efficient, and secure financial tools that streamline operations and foster growth.

Vision

To be the leading financial partner for businesses in Africa, driving economic growth through innovative and user-centric financial solutions.

Values

Customer-Centricity

Brass places the needs and success of its customers at the forefront, ensuring that all products and services are designed to deliver maximum value and satisfaction.

Innovation

Brass is committed to continuous improvement and the development of cutting-edge financial solutions that meet the evolving needs of businesses.

Integrity

Upholding the highest standards of honesty and transparency in all interactions, Brass fosters trust and accountability with its stakeholders.

Security

Brass prioritizes the protection of customer data and financial assets, implementing robust security measures to ensure safety and compliance.

Collaboration

Emphasizing teamwork and partnerships, Brass believes in the power of collective effort to drive innovation and achieve shared goals.

Facts

Legal name: Brass Technologies Limited
Founded: 2020
Founders: Emmanuel Okeke, Sola Akindolu
Headquarters: Lekki, Nigeria
Company size: Small 11 - 100
Sector: Fintech
Service: We provide a comprehensive business banking platform offering instant, scheduled, and recurring payments, as well as invoice management and reconciliation, all accessible via web, iOS, Android, and Slack applications.
Service: We offer Brass Payroll, a complete payroll management tool that automates salary payments, tax and pension remittances, and provides comprehensive financial reports, enabling businesses to manage payroll efficiently.
Service: We provide cash deposit services, allowing businesses to accept cash from customers and deposit it into their Brass accounts through partner banks using unique cash deposit account numbers generated from the Brass dashboard.
Service: We offer invoicing features that enable businesses to create and send invoices, receive payments directly into their Brass accounts, and manage invoice activities and financial performance through a dedicated dashboard.
Service: We provide API integration capabilities, allowing businesses to integrate Brass services into their operations, with separate environments for testing and live operations to ensure seamless integration.