Nigerian fintech firm Brass has introduced plans to disengage an undisclosed workforce variety quickly.
Sola Akindolu, the agency’s chief government officer, disclosed on X that the choice comes after important financial shifts affected the corporation’s progress trajectory.
In his submission, Akindolu stated, “For nearly four years since we launched, we have been constructing best-in-class monetary merchandise for Nigerian companies and have, since then, prolonged our companies to people and households.”
Nonetheless, he acknowledged that current financial realities have posed challenges, necessitating a short-lived reshaping of the corporate workforce.
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As of now, Brass has roughly 50 staff, and while the precise number going through furlough remains unspecified, Akindolu assured that affected workers would continue to obtain medical insurance protection and other advantages throughout this era.
He added that the company remains devoted to reinstating the furloughed staff as soon as financial circumstances permit. Akindolu emphasised the assistance construction in place for the impacted workers, with the company’s worker expertise lead and co-founder/CTO taking charge of the method.
Brass, based in July 2020 by Sola Akindolu and Emmanuel Okeke, has raised $2 million over the previous four years. The funds had been meant to assist the startup’s mission of offering complete monetary companies to small enterprises in Nigeria, addressing the prevalent fee challenges companies face.
