Bujeti secures $2M in seed funding to revolutionize corporate spending in Africa; Basigo secures $5M and other top funding stories

Wisdom Okogho -

Below are the top funding stories across the African and Asian regions that we are covering today.

  • Bujeti secures $2 million in seed funding
  • Kenya e-bus startup Basigo secures $5 million
  • Dairy fintech platform DGV raised Rs 50 Crore in series A funding round
  • Water management startup DigitalPaani secures $1.2 million in funding
  • Tappi raises $1.5M in a pre-seed round

Bujeti secures $2M in seed funding to revolutionize corporate spending in Africa

Leading accelerator Y Combinator has led $2 million in seed funding for the African fintech startup Bujeti. This sizeable investment represents a substantial advance for the business, putting it in a position to transform corporate spending throughout the continent.

Founded in April 2022 by Cossi Achille Arouko and Samy Chiba, Bujeti offers a unique platform that provides businesses with a comprehensive solution for managing their corporate finances. Its innovative platform offers several key features such as; Corporate cards, Streamlined spending, enhanced control, and multicurrency support.

The $2 million seed funding will fuel Bujeti's ambitious growth plans in team expansion, Product development, and market expansion

Bujeti is ideally positioned to transform corporate spending in Africa and open up new business opportunities for companies all over the continent thanks to its cutting-edge platform, exceptional team, and robust investor support.

Kenya e-bus startup Basigo secures $5M

A $5 million debt facility has been obtained by the Kenyan electric bus startup BasiGo from the British International Investment (BII) to expedite the delivery of 100 locally manufactured electric buses.

BasiGo transforms Kenya's public transport with cutting-edge electric buses and charging infrastructure. Their innovative solutions include pay-as-you-drive financing, easing upfront costs, separate battery leasing, and free charging at BasiGo stations.

The country's public transportation system will shift to cleaner, more sustainable energy sources thanks largely to this funding, which will help Kenya increase the production of electric buses.

Dairy Fintech Platform DGV raised Rs 50 Crore in Series A

The fintech platform Digivriddhi Technologies, also known as DGV, which focuses on dairy products, has raised Rs 50 crore ($6 million) in a series A funding round headed by Omidyar Network India. Existing investors Info Edge Ventures and Omnivore also participated in the round.

A major step forward in DGV's mission to empower Indian dairy farmers is the company's series A funding. The funds will be used to advance technology and grow its operations in Karnataka, Andhra Pradesh, Telangana, Madhya Pradesh, and Maharashtra.

Thousands of farmers are benefiting from their creative strategy and dedication to financial inclusion, which is also helping the dairy industry expand.

Water management startup DigitalPaani secures $1.2M

DigitalPaani, a water management startup with an emphasis on wastewater treatment plant optimization, has closed a seed funding round with $1.2 million.

Elemental Excelerator led the round, which also included participation from Enzia, Peer Cheque, SAE, DevC, Bharat Founders Fund, and angel investors like Ashish Goel, the founder of Urban Ladder, and Mohit Tandon, the co-founder of Delhivery.

DigitalPaani's technology is used by Tata Powers, Taj Hotels, DJB, and many other organizations.

DigitalPaani transforms wastewater treatment with Internet of Things (IoT). Their platform offers a suite of intelligent solutions that include; real-time monitoring, predictive analytics, and automated control.

Tappi Raises $1.5M in Pre-Seed Round

A pre-seed funding round has netted $1.5 million for Tappi, a Kenyan startup providing small and medium-sized businesses (SMEs) with an end-to-end digital commerce solution. Leading investors in the round included Mercy Corps Ventures and Chui Ventures.

This sizeable investment is evidence of Tappi's creative strategy for enabling African SMEs in the field of digital commerce.

With this additional funding, Tappi plans to expand into its present markets even more by utilizing a robust 90% retention rate and developing a strong sales force to increase direct sales. Tappi will also go toward developing talent and enhancing the brand as a whole.

By providing African SMEs with the tools they need to succeed online, Tappi is playing a crucial role in the continent's economic development.

Follow our full coverage of the African startup and technology scene and get up to date with what's happening in the key markets within the region.