The startup, in a statement, expressed that the latest investment will accelerate its growth, expand its market presence and enhance its offerings.
The roadmap for upcoming features includes introducing credit lines for SMBs and developing new products tailored for enterprises.
The two-year-old fintech, led by founder and CEO Cossi Achille Arouko and COO Samy Chiba, was launched in April 2022. Prior to dedicating their full-time efforts to the YC W23 startup, both executives initiated the development of an MVP while in their previous roles.
Chiba was a project manager with the French commercial launch service provider Ariane Space, while Arouko worked at the African payments startup Paystack.
It was during his tenure as the tech lead of Paystack’s commerce, subscriptions and invoices team that Arouko conceived of the idea for Bujeti.