Grace Ashiru
Bujeti, a Nigerian startup specializing in expense management and budget creation, has successfully secured $2 million in seed funding for its financial platform. The leading force behind this fundraising round was Y Combinator (YC), accompanied by a group of notable supporters, including Alan Rutledge, Tristan Walker, Heirloom VC, Abdul “Tomiwa” Hassan, Entrée Capital, Voltron Capital, UnpopularVC, Kima Ventures, and Arash Ferdowsi, co-founder of Dropbox.
Established in 2021, Bujeti offers a comprehensive financial management solution to streamline expenditure, automate payments, issue cards to employees and vendors, and digitalize financial workflows. With its innovative approach, Bujeti is revolutionizing corporate finance management for businesses of all sizes.
Bujeti Nigeria distinguishes itself by offering unparalleled control and precision in financial operations, enabling businesses to digitize their intricate payment and finance processes effortlessly. Cossi Achille, founder and CEO of Bujeti, said, “Bujeti acts as a digital partner, empowering workplaces and fostering trust within teams.”
Over the past eight weeks, we have successfully brought on board nearly a thousand businesses of various sizes, including small and medium-sized enterprises (SMBs) and renowned startups. This reflects the trust and acknowledgment of the effectiveness of our platform. We aim to achieve NGN200 million in transaction processing, showcasing the increasing demand for a comprehensive, integrated solution like Bujeti.
The allocated funds will support the company in driving its growth and enhancing its market presence. This fundraising round aims to expedite expansion, boost market share, and diversify the product portfolio, all of which are critical objectives for Bujeti. Consequently, the company will channel its efforts into developing innovative products tailored to enterprise needs and establishing credit lines for small and medium-sized businesses.
