Fintech Struggles: Brass Blames Funding Winter for Customer Withdrawal Delays

Fintech Struggles: Brass Blames Funding Winter for Customer Withdrawal Delays

#business
#fintech
#startup
#funding
Nigerian fintech startup, Brass, cites a challenging funding environment and a surge in customers for persistent withdrawal delays, highlighting the broader struggles faced by fintechs. CEO Sola Akindolu acknowledges the costly nature of running a fintech and discusses the need for substantial capital amid ongoing funding challenges.

Brass, a Nigerian fintech offering business banking services, attributes withdrawal delays to funding challenges and increased customer demand. CEO Sola Akindolu mentions the financial strain of running a fintech, emphasizing the need for substantial capital. Despite widespread customer complaints, Akindolu insists only 80 businesses faced delays and affirms ongoing efforts to address the issues. The company faces staff cuts to navigate financial challenges, raising concerns about the fintech landscape's broader sustainability.


Read more on TechCabal

Top comments(0)

SEND
Home
Stories
Community
Podcasts