YC-backed fintech Bujeti raises $2M for its corporate cards and spend management platform
Summary
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. Chiba was a project manager with the French commercial launch service provider Ariane Space, while Arouko worked at the African payments startup Paystack. Unicorns Ramp and Brex are the most notable examples globally.Corporate cards are usually issued by a business to select employees, typically upper management, enabling them to make payments on behalf of the company. One key differentiator he highlights is that while some platforms focus on singular features like expense management or corporate cards, Bujeti offers both functionalities. This enhancement will enable businesses to pay their staff in different countries, positioning Bujeti to expand its services internationally when the opportunity arises.Hassan, an investor in the funding round and co-founder of Mono and OyaPay (a startup he founded with Arouko, now defunct), said of the investment: Investing in Achille and Bujeti was an obvious choice; they address a significantly fragmented market with capable founders who excel in technical and business aspects.