Windsor Drake
Transaction · BaaS · 2024

Paystack-led Consortium / Brass 2024

Paystack acquired Brass on May 1, 2024.

Target
Brass
Acquirer
Paystack
Announced
May 1, 2024
Sub-sector
BaaS

Transaction overview

  • Paystack announced the acquisition of Brass on May 1, 2024.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Stabilize distressed deposit-taking fintech and integrate business banking operations into Paystack MFB's regulated banking infrastructure.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
May 1, 2024
Acquirer
Paystack (Strategic)
Sub-sector
BaaS

Frequently asked questions

When did Paystack announce the acquisition of Brass?

Paystack announced the acquisition of Brass on May 1, 2024.

What sub-sector is Brass in?

Brass is tracked in the BaaS sub-sector.

Sources

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