Overview & Business Model

Name & Incorporation
Busha operates under Busha Digital Limited in Nigeria, incorporated under the Companies and Allied Matters Act 2020.

Core Offering
The company is a cryptocurrency exchange and digital assets platform, enabling individuals and businesses to buy, sell, swap, hold, and earn yield on cryptocurrencies.

Licensing & Regulation
Busha is licensed by Nigeria’s Securities and Exchange Commission (SEC) as a digital assets provider.

History & Mission
Founded in 2018, Busha’s mission is to onboard millions of Africans into the crypto economy by creating access, transparency, and infrastructure for seamless transactions.

Operations & Product Features

Supported Assets & Services

Supports 60+ digital assets for trading.

Earn Products: Allows users to deposit stablecoins and earn daily yield with no lock-in.

Spend Features: Users can pay for airtime, data, and vouchers directly from the wallet.

Business Services: Provides merchant tools for accepting crypto payments and API integrations for companies.

User Base & Volume

Over 800,000 verified users.

More than 8 million trades executed.

App Presence
Available on both Android and iOS, with over half a million downloads and strong user ratings.

Legal / Corporate Structure

UK Entity
Busha also has a registered entity in the UK under the same name. Directors include key figures tied to the Nigerian operations.

Headquarters in Nigeria
Headquartered in Lagos, with operations in the Lekki area.

Funding & Market Position

Funding
Raised $4.2 million in seed funding to scale operations.

Positioning

Licensed status gives Busha credibility in Nigeria’s evolving regulatory environment.

Offers both retail and business solutions.

Competes with other exchanges but differentiates through compliance, customer experience, and product range.

Risks & Challenges

Regulatory Shifts: Nigeria’s crypto policies are evolving, so compliance and adaptability remain critical.

Customer Concerns: Some users report delays in transactions or support response times.

Financial Pressures: The UK entity has shown weak balance sheets in past filings, which could reflect early-stage growth challenges.