Source: Boluwatife Ayo-Odewale/ Technext

Bujeti, a financial management solution, has successfully concluded a $2 million seed funding round. The round was led by Y Combinator (YC) and featured investments from key supporters like Entrée Capital, Voltron Capital, UnpopularVC, Kima Ventures, Arash Ferdowsi (Dropbox Co-founder), Alan Rutledge, Tristan Walker (Heirloom VC), and Abdul Tomiwa Hassan, CEO of Mono.

Serving as a transformative force in corporate finance management across Africa, Bujeti provides a comprehensive platform for businesses, including SMBs, Startups, and Enterprises, to streamline expenses, automate payments, issue cards, and digitise financial workflows.

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This funding milestone is expected to help the fintech to fuel its growth, expand market presence, and enhance its product offerings, with a focus on introducing credit lines for SMBs and creating tailored products for enterprises. The startup’s mission centres on meeting the industry’s demand for integrated tools that effectively manage both finances and operations.

Bujeti’s platform offers interactive tools for businesses, allowing them to effectively manage expenses, boost revenues, and monitor finances through features like Expense Management, Revenue Optimization, and Financial Management Suites.

Founder and CEO, Cossi Arouko, underscores the company’s commitment to collaboration, aiming to become the go-to solution for the entire business ecosystem, with a focus on providing unparalleled control in financial operations to simplify the digitization of complex payment and finance processes, ultimately serving as a digital ally for workplaces and fostering trust among teams.

Bujeti’s vision to provide one-stop shop for financial institutions

Bujeti was established in 2021 by Cossi Achille Arouko, a seasoned professional with a software engineering background and prior leadership roles at Paystack. Bujeti was conceived with a clear mission — to streamline financial management for African businesses. Serving as a comprehensive one-stop shop, Bujeti seamlessly integrates all essential components for businesses to effectively manage both their finances and operations.

Bujeti secures $2 million seed funding led by Y Combinator

“In the last 8 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,” Cossy Arouko said. “Our imminent goal is to reach ₦200 million in transaction processing, illustrating the growing demand for a comprehensive, integrated solution like Bujeti,” he finished.

Abdul Tomiwa Hassan, CEO of Mono and a key investor shared insights on Bujeti’s recent fundraising, expressing confidence in the company’s mission to revolutionize financial management for businesses across Africa.

According to Hassan, the startup’s innovative platform and the leadership of Cossi Achille Arouko position the company as a game-changer in the industry. Hassan emphasized the strategic decision to invest in the fintech, citing the founders’ expertise in both technical and business aspects, addressing a significantly fragmented market. He believes in Bujeti’s potential to transform how businesses handle their finances and is excited to be part of their journey.

The $2 million funding injection is expected to propel Bujeti into an accelerated growth phase, solidifying its role as an indispensable ally for businesses navigating the intricate landscape of financial management across Africa.

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Source: Boluwatife Ayo-Odewale/ Technext