Nigerian startup Bujeti, an end-to-end expense management and budgeting platform, has raised US$2 million in seed funding to accelerate its growth and boost market share.
Founded in 2021, financial management platform Bujeti is transforming the landscape of corporate finance management for businesses of all sizes, offering a unified solution that streamlines expenses, automates payments, issues cards to employees and vendors, and digitises financial workflows.
The startup, a participant in the W23 batch of the renowned Silicon Valley-based Y Combinator (YC) accelerator, has just raised a US$2 million seed round, led by YC, and including investments from backers such as Entrée Capital, Voltron Capital, UnpopularVC, Kima Ventures, Dropbox co-founder Arash Ferdowsi, Alan Rutledge, Tristan Walker, Heirloom VC and Abdul “Tomiwa” Hassan.
This funding round will propel Bujeti to accelerate growth, increase market share, and expand product offerings. With this, the company will focus on introducing credit lines for SMBs and developing new products tailored for enterprise needs.
“Our differentiation lies in providing unparalleled control and granularity in financial operations, allowing businesses to digitise 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.”
