Bujeti, a Nigerian startup that offers a comprehensive platform for managing expenses and creating budgets, has secured $2 million in seed funding.
Leading the fundraising round was YC, with participation from backers including Alan Rutledge, Tristan Walker, Heirloom VC, Abdul “Tomiwa” Hassan, Entrée Capital, Voltron Capital, UnpopularVC, Kima Ventures, and Dropbox co-founder Arash Ferdowsi.
Bujeti, a financial management platform that was founded in 2021, brings a uniform solution to reduce spending, automate payments, issue cards to employees and vendors, and digitize financial workflows. It is changing the game for corporate finance management for businesses of all sizes.
“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,” said Cossi Achille, founder and CEO of Bujeti.
“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. Our imminent goal is to reach NGN200 million in transaction processing, illustrating the growing demand for a comprehensive, integrated solution like Bujeti.”
The funding will be used to fuel the company’s expansion and increase its market share.
Accelerating expansion, increasing market share, and expanding product offerings are all goals that this fundraising round will help Bujeti achieve.
With this, the business will put its energy into creating new products that cater to the demands of enterprises and establishing loan lines for small and medium-sized businesses.
Read more on Tech Gist Africa:
FrontEdge, a Nigerian startup providing trade finance, raises $10 million
Pricepally, a Nigerian food e-commerce startup secures $1.3 million in seed funding
Shekel Mobility, a B2B mobility startup based in Nigeria has raised $7 million
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