Brass plans Q1 2025 relaunch as co-founders receive no compensation after Paystack-led acquisition
- Brass is gearing up for a public relaunch this month after facing severe operational challenges.
- The company halted withdrawals by mid-2024, leading to an acquisition by Paystack.
- Co-founders Sola Akindolu and Emmanuel Okeke exited the company without financial compensation.
The challenges faced by Brass highlight the volatility in the fintech sector, especially for startups that struggle with operational efficiency and customer trust. The need for a complete overhaul and layoffs suggests deeper issues that may require more than just a rebranding to resolve. Future discussions should focus on how startups can balance growth with sustainable operational practices.
