Nigerian cryptocurrency exchange Busha has raised a US$4.2 million seed funding round to scale across Africa. Founded in 2019, Busha allows users to buy, sell, and manage their cryptocurrency portfolios from its easy to use mobile app. The startup has been scaling across Nigeria, and has now raised a US$4.2 million seed round to deepen its market positioning across West Africa and other regions of the continent. The round was led by Jump Capital, and also featured Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors. “We are excited to work with the Busha team to continue to enhance their market-leading product offering.”

Source: The North Africa Journal November 24, 2021 06:48 UTC