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Nairaland Forum / Nairaland / General / Business / Paystack And Piggyvest Acquire Brass Bank & Fire CEO (22363 Views)
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Paystack And Piggyvest Acquire Brass Bank & Fire CEO by nlfpmod: 4:57pm On May 28 |
Nigerian digital bank for small businesses, Brass, has been acquired by an investment group led by Paystack. PiggyVest, Ventures Platform, P1 Ventures, and angel investors, Olumide Soyombo and Oo Nwoye complete the group. https://techpoint.africa/2024/05/28/paystack-and-piggyvest-join-forces-in-brass-acquisition/ 5 Likes
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Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Proudlycanadian: 5:00pm On May 28 |
Brass, a digital bank catering to small businesses, has been acquired by an investment group led by Paystack. Other participants in the acquisition include PiggyVest, Ventures Platform, P1 Ventures, and angel investors Olumide Soyombo and Oo Nwoye. The co-founders of Brass, Sola Akindolu and Emmanuel Okeke, will exit the business. Despite this change, the company’s customers and employees will not be affected, as the product will remain the same. The acquisition provides Paystack and PiggyVest with a foothold in a complementary business domain. However, Brass faces the challenge of rebuilding customer trust after a period of financial difficulty PS. Hamster Kombat daily combo. Link in my bio 3 Likes
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Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Reelmii: 5:01pm On May 28 |
Ok |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by PlutoChief: 5:01pm On May 28 |
Good for them |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by esmarcq(m): 5:01pm On May 28 |
Interesting times |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by autotrader014(m): 5:02pm On May 28 |
Congratulations to them |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by JoeyNaza: 5:02pm On May 28 |
Fintech in Nigeria is over saturated that's all. Too many people offering same services that brick and mortar banks are too slow to adopt and transition to. I guess they love their extortionate fees 35 Likes 1 Share |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by LOVEGINO(m): 5:03pm On May 28 |
It's well. 1 Like |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by OboOlora(f): 5:04pm On May 28 |
Olumide Soyombo quietly making mad money in the start-up space. 8 Likes |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by vengertime: 5:04pm On May 28 |
Read the whole thing still doesn't understand anything here button 10 Likes |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Adebaba1(m): 5:04pm On May 28 |
nice acquistion |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Bigboytinz: 5:05pm On May 28 |
. |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Magnumproperty: 5:05pm On May 28 |
Nice one... Piggyvest 6 Likes |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Bigboytinz: 5:05pm On May 28 |
2 billion naira debt unaccounted for?? 16 Likes |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Niok: 5:05pm On May 28 |
Thinking of learning aws cloud computing 1 Like |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by brightovio007(m): 5:05pm On May 28 |
Okay |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Amuluonyenaego: 5:06pm On May 28 |
I love PiggyVest 1 Like |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by studycenter: 5:08pm On May 28 |
Why do they always sell off after holding fundraising? 13 Likes |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by ppogba: 5:08pm On May 28 |
JoeyNaza: Dey dia make pant dey wear you |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Emeskhalifa(m): 5:09pm On May 28 |
There is no tribalism at the top oo. Na rif rafs wey never chop proper meal dey spend time online to troll or insult people's tribes. Check am out na, Omor Igbo, Ndi Yoruba, collabo to increase their wealth. If you like no go warm your yesterday Eba chop, stay online dey insult unasef, no tribalism at the top 47 Likes 5 Shares |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by seborrhic: 5:09pm On May 28 |
The most riidiculous part of this post is the part that the company employees would not be affected. There would definitely be some downsizing if not even total disengagement of Brass employees 5 Likes |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by akwesenana: 5:11pm On May 28 |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by SteveSol: 5:14pm On May 28 |
Nice one. At least customers will still have their token intact. |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Nackzy: 5:16pm On May 28 |
Tech leads others follow |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by Wisdomclass1: 5:16pm On May 28 |
We use paystack too. Very commendable as a payment processing system |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by OilandGasMarket: 5:17pm On May 28 |
Nice development. Financial technology can only get better. |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by wman(m): 5:19pm On May 28 |
Awesome |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by ProfKKK: 5:20pm On May 28 |
While serious people from both south-east and south-west are busy collaborating together and building empires, the low-lives & scums of the earth from these 2 regions are busy engaging in tribalistic fights on Nairaland daily. What a shame nlfpmod: 5 Likes |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by seuncyrus(m): 5:28pm On May 28 |
Entrepreneurship as a service |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by TallPck1(m): 5:29pm On May 28 |
Abeg making nothing happen to my house rent wey I keep form piggyvest ooo. If not body go surplus 1 Like |
Re: Paystack And Piggyvest Acquire Brass Bank & Fire CEO by LightofGod001: 5:31pm On May 28 |
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