New Investments

Nigerian Fintech Bujeti Raises $2 Million to Scale its All-in-One Corporate Card and Expense Management Platform

Nigerian fintech startup Bujeti has secured $2 million in seed funding to scale its all-in-one corporate card issuance and expense management platform.

The funding round was led by Y Combinator, with participation from Alan Rutledge, Heirloom VC, Tristan Walker, Entrée Capital, Voltron Capital, Unpopular VC, Kima Ventures, Mono CEO Abdul Hassan, and Dropbox co-founder Arash Ferdowsi.

Founded in 2022, Bujeti aims to help African businesses, from small and medium-sized enterprises (SMBs) to large corporations and startups, manage their finances more efficiently.

Bujeti’s platform provides businesses with a simple and fully integrated solution for managing expenses and issuing corporate cards to employees.

The platform targets businesses in various industries, including logistics, healthcare, agriculture, and construction.

It streamlines spending processes by managing the issuance of corporate cards to employees and contractors, allowing businesses to set spending limits, restrictions, and approval flows for various stakeholders.

Adding to its offerings, Bujeti is developing a multi-currency feature that will enable it to manage finances for businesses operating in different countries.

This expansion, coupled with the recent investment, positions Bujeti to become a leading provider of corporate card and expense management solutions in Africa.

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