Nigerian crypto exchange collects over $ 4 million in the last round of financing-emerging countries
Nigerian crypto exchange collects over $ 4 million in the last round of financing-emerging countries
A Nigerian crypto exchange, Busha, recently collected over $ 4 million in a financing round led by Jump Capital.
Busha, a Nigerian cryptocurrency exchange, is said to have recently raised a start-up financing round of $ 4.2 million. According to the stock exchange, these funds are used to expand their activities throughout Africa.
Financial freedom
according to A test report from disrupt africa conducted Jump Capital Funding round, in which Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital and other investors also took part.
In his comments After the announcement, the co -founder and CEO of Busha, Michael Adeyeri, is quoted in order to explain the main goal of the stock exchange and how the recent round of financing helps the company. He said:
Our immediate mission is to integrate the next million Africans into the crypto economy. We have seen the considerable difference in financial freedom that crypto can cause in the life of our over 200,000 users, and we are very motivated to extend this to more people on the continent.
The announcement of the capital increase is made after Busha had just launched a revised version of his app, which now enables minimum purchases of only 50 cents for a more comprehensive offer, one-click-limit order and automated recurring purchases.
The most promising place for crypto
In the meantime, the report quotes another co-founder of Busha, Moyo Sodipo, who praises the groundbreaking innovations of the cryptocurrency exchange such as immediate payments and 24/7 customer support. To the latest capital increase, Sodipo said: "This financing will enable us to work faster, improve our security and to take a definitive leadership position in our target markets."
Peter Johnson, partner at Jump Capital, said his company was looking forward to working with Busha, which is "working in the most promising places for cryptocurrencies to offer millions of people financial freedom.
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