Deal Street

African Startup Funding Tracker

$762,170,250+

*Data updated daily at 18:00 EAT

YC-Backed Fintech Bujeti Raises USD 2 M Seed Funding
YC-Backed Fintech Bujeti Raises USD 2 M Seed Funding

African corporate cards and spend management platform Bujeti has raised USD 2 M in seed funding. The startup, involved with how African businesses, including SMBs, startups and enterprises, manage and handle finances, received this capital from lead investor Y Combinator and other backers, including Entrée Capital, Voltron Capital, Unpopular VC, Kima Ventures, Dropbox co-founder Arash Ferdowsi, Alan Rutledge, Tristan Walker of Heirloom VC and Mono CEO Abdul Hassan.

Bujeti targets businesses in sectors like healthcare, logistics, agriculture and construction, and facilitates the issuance of corporate cards to their employees and contractors, streamlining spending processes. The platform includes features that help these businesses control and manage expenses effectively by implementing spending limits, restrictions and approval flows for different stakeholders in the business chain, including executives, staff, contractors and vendors.

The new investment will accelerate its growth, expand its market presence and enhance its offerings. The roadmap for upcoming features includes introducing credit lines for SMBs and developing new products tailored for enterprises.