← Embedded Finance Index 2026

Busha

“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?”

Founded2019
HQLekki, Lagos State, Nigeria
Total raised$4.2M
Latest roundSeed, 2022
IndustryFintech / Crypto
The story

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.

Last 12 months
2026-08
2025-07
2025-04
Product timeline
2019
Busha founded in Lagos as a cryptocurrency exchange targeting the Nigerian and broader African market.· pivot
2022
Raised $4.2M seed round led by Jump Capital to deepen market positioning across West Africa.· banking
2023
Launched Busha Commerce API enabling businesses to accept crypto payments.· banking
2024
Expanded into B2B infrastructure with Busha Business, offering OTC payments, stablecoin treasury, and white-label financial products.· banking
2025
Launched Busha Spend with virtual and physical debit cards, USD accounts, and cashback rewards.· card
2025
Partnership with Tether to expand stablecoin infrastructure for African businesses.· banking
2026
Launched Signal by Busha, a licensed prediction market platform integrated with Busha wallets.· pivot
Regulated entities
3
regulatory licences held by Busha
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Busha’s embedded-finance stack
Payments / PSP
Busha Commerce API (self-operated)
Lending
in the full report
Crypto
in the full report
Accounting gap: significant
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.