Ventures Platform, P1 Ventures, PiggyVest, and angel investors Oo Nwoye, who founded TechCircle, and Olumide Soyombo, who co-founded Bluechip, are also engaged in the acquisition. According to a statement from Brass COO Amandine Lobelle, they together add "several years worth of experience financing and building reliable financial service products" to the purchase.

Brass was established in Lagos, Nigeria, in 2020. It offers current account services and commerce solutions, such as capital financing and payroll management through its Launchpad interface, that are customized to meet the processing requirements of small and medium-sized companies (SMBs) in the area.

According to CEO Sola Akindolu, "Brass has grown tremendously since we started this incredible journey, and it continues to be an important player in Nigeria's SMB economy."

In an interview with TechCabal about the proposed acquisition, Akindolu states that Brass will “continue to build and support its customers and grow with a new leadership team” while the founding leadership team of the start-up, which includes CTO Emmanuel Okeke and product head Tolulope Saba, plans to “leave to pursue other opportunities” should the deal close.

Additional information about the purchase has not been made public.