P1 Ventures and Ventures Platform invest in Nigerian-based financial services company Brass

Nigeria-based financial services company Brass has been acquired by an investment group led by Paystack, with participation from PiggyVest, Ventures Platform, P1 Ventures, and angel investors Oo Nwoye and Olumide Soyombo.

Following the acquisition, Brass will continue to build and support its customers and grow with a new leadership team, as the founding leadership team will leave to pursue other opportunities.

Brass is a digital bank for small and medium businesses. Brass provides them with a suite of products — credit and payment services, payroll and expense management, API, cash-flow analytics, team management, POS, debit and credit cards — all wrapped around a business bank account.