Busha, a Nigeria-based digital platform that helps people buy, sell and store cryptocurrency, has raised seed funding of $4.2 million in a round led by Jump Capital.
Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round.
According to the company, the new funding will go towards deepening its market positioning in Nigeria, the leading crypto economy in Africa where all of its users are based.
Founded in 2018 by CEO Michael Adeyeri and Chief Product Officer (CPO) Moyo Sodipo, the cryptocurrency exchange claims to have more than 200,000 users and holds an ambition to “onboard the next set of one million Africans” into the crypto economy.
“We have seen the real difference in financial freedom crypto can make in the lives of our users, and we’re very motivated to extend this to more people on the continent,” Adeyeri said in a statement.
– TechCabal
