Across Africa, managing business finances often feels like juggling too many tools at once. One startup betting on closing that gap is Bujeti, a Lagos based fintech startup building an all-in-one platform that allows African businesses to manage spending, automate payments, and monitor finances in real time.
Backed by Y Combinator, Bujeti allows companies to issue corporate cards, process bulk payments, and manage multi-currency transactions, all while enforcing internal financial policies automatically.
“Most companies have efficient finance management problems, but nobody is building solutions for them,” Achille Arouko, founder and CEO of Bujeti said. “There are so many solutions for consumers that don’t go as far as I would like in serving businesses.”
“There were business banking and neobank solutions emerging at the time, but they focused mostly on moving and collecting money, not on helping businesses manage their overall finances.”
What You Should Know
The idea for Bujeti started in 2021. While working at Paystack, Beninese tech entrepreneur Achille Arouko wanted a personal finance and expense management app that could link to his bank accounts, automate spending, and track transactions.
But as interest grew from business owners seeking similar solutions, Arouko realised the bigger opportunity wasn’t in consumer finance, it was in helping companies manage their money better. And by 2022, Bujeti was born.
According to Bujeti, it centralises accounting functions, from budgeting and invoicing to expense reporting, procurement, and approvals in one unified system. Managers can set spending limits, automate approvals, and track every naira, shilling, or dollar in real time.
This focus on structure and control is what Arouko calls “embedding financial discipline” into African enterprises.
Inside Bujeti’s System
Since 2022, Bujeti’s web-based platform has been the backbone for its growing base of business users. Companies sign up, verify their credentials, and can onboard staff, vendors, and accountants under one dashboard. Each user or vendor can be assigned permissions, spending limits, and approval levels.
“You can collaborate with vendors when you add them to your account,” Arouko said. “Everything you do automatically reflects on their side, so they don’t ask you for payment because they have seen that you have already initiated the payment on your site.”
Bujeti also integrates AI to detect financial anomalies, flag suspicious payments, and automatically enforce company policies. The AI also cross-checks transactions against bank fraud alerts and notifies users of recurring charges that may no longer be necessary, helping businesses cut hidden costs.
The company makes money through a subscription model — ₦10,000 ($6.70) for a basic plan and ₦20,000 ($13.40) for a pro plan, with custom pricing for larger enterprises. Transaction fees also contribute to its revenue.
What This Means
Bujeti competes with platforms such as Duplo, Kuda, and Flex Finance, but Arouko insists its value proposition is broader.
The startup already supports transactions in the Nigerian naira, Kenyan shilling, and US dollar, with plans to expand into Ghana, and other francophone and North African markets.
In 2024, the market for digital business finance tools was valued at $701 million, yet adoption across Africa remains low. Only about 15% of enterprises use online accounting software, underscoring the vast gap between innovation and enterprise adoption.
Bujeti says its long-term goal is to become one of the top three financial management platforms in Africa within the next five years.
According to industry experts, by combining automation, compliance, and data-driven insights, Bujeti is betting that smarter financial systems can unlock the next phase of growth for African enterprises.
Talking Points
It is significant that Bujeti is focusing on solving one of Africa’s least-discussed business challenges, the lack of integrated financial management tools for enterprises.
While fintech innovation across the continent has largely centred on consumer payments, startups like Bujeti are addressing the structural inefficiencies that hold back small and medium-sized businesses from scaling sustainably.
By unifying accounting, budgeting, payments, and approvals into a single platform, Bujeti is helping companies replace fragmented spreadsheets and manual processes with real-time visibility and control.
At TechParley, we see Bujeti’s story as an early sign of a deeper transformation, one where African fintech begins to move from transactions to intelligence, embedding smarter, data-driven systems into the continent’s business backbone.
With the right support and continued innovation, platforms like Bujeti could redefine how enterprises manage money, not just in Nigeria, but across Africa’s emerging digital economy.
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