Nigerian Fintech Startup Busha Raises USD 4.2 Mn Funding

Busha, a Nigeria-based digital platform that helps people buy, sell and store cryptocurrency, has raised seed funding of USD 4.2 Mn in a round led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the round. The new funding will go towards deepening its market positioning in Nigeria, the leading crypto economy in Africa.

Busha allows users to buy, sell, and manage their cryptocurrency portfolios from its easy-to-use mobile app. The startup recently launched a revamped version of its app, with features such as minimum purchases as low as 50 cents for a more inclusive offering, one-click limit orders, and automated recurring buys.