“Can a SEC-licensed African crypto exchange become the full-stack financial infrastructure layer for Africa's digital economy — serving both retail users and B2B fintechs with stablecoin rails, payments, and embedded financial products?”
Founded in 2019 as Nigeria's first SEC-licensed digital asset exchange, Busha initially focused on retail crypto trading. It expanded into B2B infrastructure via Busha Business, offering cross-border payments, stablecoin treasury management, and white-label financial APIs for African fintechs. By 2025–2026, Busha had evolved into a broader 'digital money app' with debit cards, USD accounts, savings/yield products, and a licensed prediction market (Signal by Busha), positioning itself as a full-stack financial platform for Africa's crypto-native economy.
Busha processes payments through Busha Commerce API (self-operated).
Busha's crypto products run on Tether.
The Embedded Finance Index 2026 maps 3 layers in Busha's stack: Payments / PSP (Busha Commerce API (self-operated)); Lending (Collateral-based crypto loans and Crypto-backed liquidity solutions); Crypto (Tether).
Busha is founded in 2019 and headquartered in Lekki, Lagos State, Nigeria.
Busha has raised $4.2M in total (latest round: Seed, 2022).
Get a read on where your own stack stands against Busha and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.