Good day everyone,
It has been a while, during the radio silence we have been building the Ivory Finance product for you, yes you.
However we will get back to talking about that at the end of this week’s newsletter. Today we are talking about Brass and why they are the best business banking option to build your business with.
If you are Nigerian, then you understand how frustrating the Nigerian banking experience can be, it usually features crowds before 8am, aching legs from standing up too long and a middle aged man shouting “Do you know who I am? I need to speak to the Manager!”
Now that we have that familiar picture, imagine you had an account for your business that you could operate from anywhere in the world, there would never be a need to visit the bank physically, no long queues or offering your seat to an old woman.
That is where Brass Banking comes in.
What is Brass?
Brass is a Fin-tech startup based in Nigeria that provides businesses with banking solutions that are tailored to their needs.
Brass was founded in 2020 with the simple premise that businesses everywhere should be able to access top-tier money operations and cash flow services to ensure that they can fund their business growth with less expensive and easy-to-access funding throughout their lives.
Because many African businesses lack access to the tools and services they require to accelerate their growth, the Brass team created financial products that provide transparency into a company's financial decisions and money operations.
Why should you care?
Payments: While running a business, payments are very important, with Brass you can receive and make payments directly from your phone or laptop, you can schedule payments and also send invoices to customers.
Collaboration: The best part about Brass is that you don’t have to do everything alone, you can enable your business partner or employee to operate the account from their own phone or computer, Brass enables collaboration on the business’ bank account.
Analytics: While running a business, you need to make a number of decisions, Brass helps businesses make financial decisions by providing analytics into your businesses finances, these data analytics can form the basis for well informed financial or strategy decisions.
Credit: As a business owner, access to more capital will enable the business to ramp up operations and expand, sadly in emerging markets like Nigeria, businesses are largely undeserved as it relates to business needs, this created a credit gap estimated to be US$5.1 trillion. Brass is filling this gap by providing businesses with the credit support that they need, with Brass you would be able to secure credit assistance with ease and grow your business.
Customer Support: In addition to all the perks above, you still get prompt customer support in case of any issues that you encounter, after signing up you are assigned an Account Manager that makes sure that you have an excellent experience, experiencing customer support that actually cares makes all the difference, take this as a cue to end your toxic relationship with your bank.
Get started with Brass.
At this point you should be packing your things to move in with Brass, the first step would be to check out the Brass website and get started with the on boarding process. You will need a couple things to get started.
Valid means of Identification (NIN printout or Drivers License or International Passport)
A Utility bill (NEPA Bill)
Corporate Affairs Commission Certificate (Business name Certificate or Company Incorporation Certificate)
Here at Ivory Finance, we are obsessed with recommending technological solutions to the everyday difficulties in your personal finance and business.
We have been building our web app, and we plan to launch a beta version of the app before the end of the year, this is a sneak peak into what it should look like.
We recommend reading the following:
An argument for DeFi 3.0 - https://t.co/AK8gzQ0mpd
Mckimmy V Opensea (Opensea is being sued for the loss of a Bored Ape) - https://dockets.justia.com/docket/texas/txsdce/4:2022cv00545/1861164
Embarking on our Web3 journey by Vunderkind - https://tinyurl.com/web3start
Building with you, the community has been an awesome experience that continues teaching us about what it means to build something that people really want, in order to improve what we are building we designed this survey, it will take a few minutes to answer, so please help us out by clicking this link and answering.
Remember you can always reply to this email if there is anything you would like to ask or discuss as it relates to personal finance or technology.
Until next time, stay safe and remember to save and invest in Dollars.
Regards,
Kenechukwu Eze (Co-Founder, Ivory Finance)