About Brass
Brass is a company based in Lagos (Nigeria) founded in 2019 by Sola Akindolu was acquired by Paystack in May 2024. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Brass has raised $1.7 million across 1 funding round from investors including Paystack, Acuity Ventures and Uncovered Fund. Brass offers products and services including Business Banking Dashboard and Payments and Invoices. Brass operates in a competitive market with competitors including Prospa, Crediometer, GladeFinance, Solve.money and EVVA Finanzas, among others.
- Headquarter Lagos, Nigeria
- Founders Sola Akindolu
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Copper Brass Limited
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Brass
Brass offers a comprehensive portfolio of products and services, including Business Banking Dashboard and Payments and Invoices. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financial tools are provided for managing business operations.
Payment and invoice management is facilitated through Brass.
Unlock access to complete
Unlock access to complete
Funding Insights of Brass
Brass has successfully raised a total of $1.7M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.7 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.7M
-
First Round
First Round
(21 Oct 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Seed - Brass | Valuation | Acuity Ventures , Uncovered Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Brass
Brass has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Paystack, Acuity Ventures and Uncovered Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Investments in digital startups are made by Uncovered Fund.
|
Founded Year | Domain | Location | |
|
Seed-stage startups are funded by this venture capital firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Brass
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Brass
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Brass Comparisons
Competitors of Brass
Brass operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Prospa, Crediometer, GladeFinance, Solve.money and EVVA Finanzas, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services for individuals are offered by Prospa.
|
|
| domain | founded_year | HQ Location |
Digital banking services are offered to startups and growing businesses.
|
|
| domain | founded_year | HQ Location |
Integrated financial solutions are provided for businesses in multiple currencies.
|
|
| domain | founded_year | HQ Location |
Digital banking services are offered to small businesses.
|
|
| domain | founded_year | HQ Location |
Digital banking services are offered to startups and businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Brass
Frequently Asked Questions about Brass
When was Brass founded?
Brass was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Brass located?
Brass is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Brass?
Sola Akindolu is the current CEO of Brass. They have also founded this company.
Is Brass a funded company?
Brass is a funded company, having raised a total of $1.7M across 1 funding round to date. The company's 1st funding round was a Seed of $1.7M, raised on Oct 21, 2021.
What does Brass do?
Brass is established as a provider of smart financial tools designed for modern businesses. Operations are streamlined through a powerful dashboard that enables payment processing, expense management, and cash flow tracking. The platform is built to support retail businesses, internet companies, and startups by offering cross-platform availability on iOS, Android, and Slack. Security is ensured through licensed partnerships, and dedicated support is provided by a team of bankers and growth experts. Integration with tools like QuickBooks, Sage, and Zapier is facilitated to enhance business operations.
Who are the top competitors of Brass?
Brass's top competitors include Prospa, Solve.money and Crediometer.
What products or services does Brass offer?
Brass offers Business Banking Dashboard and Payments and Invoices.
Who are Brass's investors?
Brass has 7 investors. Key investors include Paystack, Acuity Ventures, Uncovered Fund, Hustle Fund, and Olugbenga GB Agboola.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.