One of Nigeria’s most recognisable fintech brands is disappearing. Brass, the startup that once promised to reinvent banking for African businesses, will be folded into Paystack Microfinance Bank (Paystack MFB), bringing an end to its independent journey and completing one of the country’s most closely watched fintech rescue stories.
The move is about far more than a single startup.
It signals how Africa’s fintech industry is changing as investors demand sustainability, regulators tighten oversight, and larger players race to build financial ecosystems that extend beyond payments into banking, lending, treasury management and business finance.
Brass announced that interested customers will be migrated to Paystack MFB before July 31, 2026, after which the company will no longer operate as a standalone business.
For Paystack, the development strengthens a strategy that has rapidly evolved from helping businesses accept payments into building a broader financial services platform.
