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