Nigeria-based Brass, which provides businesses with banking tools that meet their needs, has reportedly collected $1.7m in funding.
This capital will help Brass scale its operations for local entrepreneurs, traders and fast-growing businesses, according to a report from TechCrunch.
The funding round was backed by Ventures Platform, Hustle Fund, Acuity Ventures, Uncovered Fund, Flutterwave CEO Olugbenga “GB” Agboola and Paystack co-founder Ezra Olubi.
Founded in 2020, Brass provides businesses with the complete financial stack. Clients can leverage the platform to implement payments, invoices, cashflow support, cross-platform availability and more.
Brass co-founder and CEO Sola Akindolu told TechCrunch, “There are many ways money can get out of the business, be it payroll, vendor payment, invoicing. We want to support businesses’ cash flow; we want to support them in those areas to make sure that money keeps running and they can keep growing their business,”
“So that’s, for the most part, what we’re doing with Brass today: financial operations and cash flow support.”
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