General

Announcing our $4.2m seed round led by Jump Capital with participation from Cadenza Ventures

November 23, 2021
2 mins

We are excited to announce an investment of $4.2m into Busha, led by Jump Capital with participation from Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors. Over the past few years, we have built one of the most preferred exchanges out of Nigeria for the African market, and maintained global standards with our product, customer experience, security and compliance. We are excited to welcome highly reputable industry partners on our journey to build the leading platform for crypto in Africa.

Since 2019, we have been scaling our services across Nigeria, and the new funding will go toward deepening our market positioning across West Africa and other regions on the continent. 

Our immediate mission is to onboard the next one million Africans into the crypto economy. We have seen the significant difference in financial freedom that crypto can make in the lives of our over 200,000 users, and we are very motivated to extend this to more people on the continent. - Michael Adeyeri, co-founder & CEO at Busha.

Busha’s growth has been driven by superior customer experience and an exciting feature set. We recently launched a revamped version of the app with innovative features like minimum purchases as low as 50 cents for a more inclusive offering, one-click limit orders, and automated recurring buys. 

We pride ourselves in being first in the market to introduce tangible innovations such as like instant payouts and 24/7 human customer service. This funding will empower us to do more faster, improve our security, and take a definitive leadership position in our target markets. - Moyo Sodipo, co-founder and Chief Product Officer at Busha.

With a young population desperate for better financial mobility and wealth-creation opportunities, crypto adoption in Africa continues to accelerate. We intend to leverage resources from our new investors to offer market-beating prices and return more value to our customers while remaining proactive with compliance and regulation. 

We believe Nigeria and the African continent are one of the most promising places for crypto to make a significant impact in offering financial freedom to millions of individuals. We are excited to work with the Busha team to continue to enhance their market-leading product offering. - Peter Johnson, Partner at Jump Capital.
Emerging markets continue to be an attractive prospect for digital assets as a means to globalize payments and level the financial playing field. The Busha team has proven to be efficient operators in bringing this vision to reality. - Max Shapiro, co-founder and Managing Partner at Cadenza Ventures.

We are looking forward to an exciting future! Excited about crypto and want to build with us? We're hiring.


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