On 1 June, Brass announced that it would cease operating as an independent company and migrate interested customers into Paystack Microfinance Bank by 31 July 2026. It is a considered, well-handled transition. Paystack MFB is a licensed bank with real infrastructure and genuine product depth, and customers are being moved deliberately.
But this forced move is also a rare, useful moment. It is the one time a finance team is obliged to stop and ask a question it rarely has to ask: not how do we get paid? but how do we want our money to be run? Those are different questions, and the gap between them is where most of a finance team’s month quietly disappears.
Getting money in and out was never the hard part
It is worth being precise about what a business banking platform does and where its job ends. It opens an account. It moves money in and out. It processes payments and payouts reliably, and it shows you a record of what happened. That is banking, and done well, it is genuinely valuable. Brass did it well enough that thousands of businesses trusted it with their operations, and Paystack MFB is built to do it well too.
The trouble is that moving money is only the visible tip of a finance team’s work. The larger, heavier, less visible part is everything that surrounds each transaction: deciding whether a spend is allowed before it happens, routing it for the right approval, tagging it to the right budget and cost centre, holding back the tax, reconciling it against the plan, and folding it into a set of books that an auditor, an investor, or a lender can actually read. A bank hands you the transaction. The rest lands on your desk.
Read Also: Why OPay Is Turning Savings Into a National Movement
So the questions worth sitting with before you default to the path of least resistance are not about the account. When money moves, does the system categorise it, update the budget, and reconcile it automatically, or does someone on your team do that afterwards? Are your approval rules, spending policies, and tax set-asides enforced before money leaves, or reconstructed after it has already gone? Can you see spend across every account, entity, and currency in one place, in real time? Replacing one place to bank with another solves for continuity. It does not touch the manual work that was never the bank’s job in the first place. If that work was eating your team’s week before the transition, it will still be eating it after, regardless of whose account number sits at the bottom of the page.
Where Bujeti fits
This is the gap Bujeti has spent years building for, as the Finance Control Centre for African businesses. The difference is one of scope. Where a bank hands you the transaction, Bujeti governs everything around it: corporate cards with real-time limits, approval workflows and spending policies enforced before money moves, budgets that update as spend happens, tax ring-fenced at the point of transaction, payroll connected to the same budgets, multi-currency accounts, invoicing, and payments, all in one system where categorisation, allocation, and reconciliation happen automatically as money moves rather than in a spreadsheet afterwards.
It is an AI-enabled system battle-tested by more than 2,000 finance professionals across Nigeria and Kenya, and one of only three African startups Y Combinator backed in its Winter 2023 batch.
And crucially for a business leaving a banking platform, the account structure a Brass customer would expect to keep is there and goes further. Bujeti issues Naira accounts alongside multi-currency accounts, and lets a business spin up dedicated sub-accounts for each team, project, department, branch, or subsidiary, each with its own budgets, approval workflows, and spending policies, then manage every entity from a single dashboard with consolidated reporting across the group. The visibility and control do not stop at the top-level account; they reach every corner of the organisation where money actually moves.
It is also the system a growing roster of African businesses already runs on, across exactly the range of sectors this transition touches: Selar, Koolboks, DrugStoc, AutoGirl, RelianceHMO, and Studiopedia, among others.
Make the deadline work for you
None of this makes migrating to Paystack MFB a wrong choice. If a business needs a licensed bank and reliable rails, that is a sound path, and businesses can use strong banking and a control layer together. The point is narrower and more important: do not let a banking deadline make a finance-operations decision for you by default. Brass gave its customers a rare reason to pause. The teams that use it well will come out of this transition not just re-banked, but genuinely more in control.
To make the move easier, Bujeti is offering free data migration, a dedicated implementation manager to guide onboarding, and 25% off any annual plan with the code BRASS25. See how Bujeti compares, or start a migration.
Bujeti is the Finance Control Centre for African businesses, backed by Y Combinator, with $2M raised in seed funding from Entrée Capital, Voltron Capital, Kima Ventures, and Dropbox co-founder Arash Ferdowsi. Over 5,000 finance professionals across Nigeria and Kenya run their operations on Bujeti.
Last updated: August 11, 2026
