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Brass announces end of independent operations, transitioning customers to Paystack Microfinance Bank by July 31, 2026Founded in 2020, Brass faced a liquidity crisis, raising concerns in Nigeria’s fintech ecosystemPaystack’s acquisition aims to stabilise Brass, reflecting broader consolidation trends in Africa’s fintech industry
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Brass, the Nigerian business banking startup once celebrated for transforming financial services for small businesses, has announced the end of its independent journey.
The fintech firm disclosed on Monday that it will migrate interested customers to Paystack Microfinance Bank (Paystack MFB) before July 31, 2026, effectively bringing its standalone operations to a close.
It is the end of an era for Brass, a Nigerian banking startup, as Paystack absorbs its operations. Credit: PaystackSource: Twitter
In a statement, the company confirmed that its business banking services would be integrated into Paystack’s regulated banking infrastructure.
“Brass will
