Bujeti, the Nigerian fintech startup, has raised a $2 million seed round led by Y Combinator (YC).
The round was joined by other investors including Entrée Capital, Voltron Capital, UnpopularVC, Kima Ventures, Dropbox Co-founder Arash Ferdowsi, Alan Rutledge, Tristan Walker – Heirloom VC and Abdulhamid Hassan, CEO of Mono.
Founded in 2021 by Cossi Achille Arouko and Samy Chiba, Bujeti is a web and mobile app for issuing smart physical and virtual corporate cards to make bank transfer payments.
Bujeti plans to direct the funding to support its growth, increase market share, and expand its product offerings as well as focus on introducing credit lines for SMBs.
Achille, Founder and CEO of Bujeti, said: “Our differentiation lies in providing unparalleled control and granularity in financial operations, allowing businesses to digitize their complex payment and finance processes effortlessly. Bujeti stands as a digital ally, empowering workplaces and fostering trust among teams.”
“In the last eight weeks, we’ve onboarded close to a thousand businesses of all sizes, including SMBs and well-known startups, reflecting the trust and recognition of our platform’s efficacy,” Achille added. “Our imminent goal is to reach ₦200 million in transaction processing, illustrating the growing demand for a comprehensive, integrated solution like Bujeti.”
