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African Startup Funding Tracker

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Nigerian Digital Bank Brass Closes USD 1.7 Mn Funding Round
Nigerian Digital Bank Brass Closes USD 1.7 Mn Funding Round

Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has secured USD 1.7 Mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders, and fast-growing businesses. The funding round saw participation from Olugbenga ‘GB’ Agboola (Co-Founder of Flutterwave), Ezra Olubi (Co-Founder of Paystack), Hustle Fund, Acuity Ventures, Uncovered Fund, and Ventures Platform.

Brass equips SMEs with a full-stack, commercial-grade banking service across various business classes, enabling them to gain greater clarity and control over their money operations and the power to scale their enterprises. The new funding will play a key role in accelerating Brass’ expansion into South Africa and Kenya.