Spotlight on Busha: The First SEC-Licensed Virtual Asset Provider in Nigeria

Hello Loopers! 

Time for a dive into the Loop! We’ve got some exciting highlights and behind the scenes updates just for you😍. Ready to loop in? Let’s go! 🚀 

Busha becomes the First SEC-Licensed Virtual Asset Provider! 

Busha has made history by becoming Africa's first SEC-Licensed Virtual Asset Provider, marking a significant milestone in the continent’s cryptocurrency and fintech ecosystem. As a leading player in the space, Busha focuses on providing seamless access to digital currencies and blockchain solutions. Their mission is to make cryptocurrencies more accessible to individuals across Africa, empowering users by simplifying the process of trading and managing digital assets and opening new financial opportunities for Africans. 

Major Accomplishments 

• First SEC-Licensed Provider: Busha's achievement of being the first SEC-licensed virtual asset provider in Africa is a testament to its commitment to regulatory compliance and setting new standards of trust and security in the industry. 

• Security & Trust: With its SEC license and robust security measures, Busha has built a reputation as a secure and trustworthy platform, ensuring users’ confidence in the safety of their digital assets. 

• Product Innovations: With a simplified cryptocurrency trading platform and advanced crypto wallet offerings, Busha launched Busha Commerce! a groundbreaking feature designed to enable businesses to accept cryptocurrency payments easily, streamlining the crypto payment process for merchants and customers alike. 

• Breaking New Ground- Busha expands into Kenya to drive innovation and growth on the continent: Busha has expanded its operations into Kenya, a key move that strengthens its presence in East Africa and furthers its mission to promote financial inclusion across the continent. 

Greenhouse Capital is proud to champion Busha’s groundbreaking mission to drive financial inclusion across Africa, supporting their journey as they expand, innovate, and lead in the digital asset space. 

Greenhouse Capital takes the stage at MIT Sloan School of Management Legatum Center for Development and Entrepreneurship. 

On October 1st, 2024, our Managing Partner, Bunmi Akinyemiju, participated in an impactful panel discussion at the prestigious MIT Sloan School of Management, Legatum Center for Development and entrepreneurship. The discussion focused on “Innovating for Impact in Global Growth Markets,” where Bunmi joined other global thought leaders to explore how innovation can drive meaningful change in emerging markets. We are proud to have Greenhouse Capital represented on such a renowned platform, sharing our vision and commitment to innovation in growth markets across Africa and beyond! Read full article here 

Greenhouse Capital’s Strategic Collaboration with RUFORUM and UM6P 

As part of our commitment to transforming Africa and other growth markets, Greenhouse Capital is deepening its strategic partnership with the RUFORUM Network, often referred to as the "African Union for Universities." Our shared vision is to drive the transformation of Africa through the combination of youth talent from universities, corporate powerhouses, and capital. During a recent visit to University Mohammed VI Polytechnic (UM6P) in Morocco, Our Managing Partner had the privilege of witnessing the immense potential of this institution. UM6P is fast becoming the "MIT of Africa," with initiatives like the 1337 Coding School leading the charge in shaping the next generation of African innovators. Read full article here 

Greenhouse Capital Shares Insights on Winning in Africa’s Tech Space 

In an exclusive interview, Bunmi Akinyemiju, our Managing Partner and CEO of Venture Garden Group, shares his journey from the U.S. tech scene to addressing foundational issues in Africa. With over 25 years of experience, Bunmi discusses the need for tech solutions that address real problems in finance, education, and cross-border payments. He shares insights on scaling tech ventures across Africa, highlighting infrastructure gaps, regulatory challenges, and the need for talent and capital. Read the full article here 

ICYMI, here's what we're reading: 

How Venture Capital Works 

Q3’ 24 Venture Pulse Report - Global Trends 

AFRICA: The Big Deal Q3 Round Up 

Venture Capitalist Turn to Novel Methods 

We are excited to see that Yellow Card has successfully closed a $33M Series C funding round! Leading the round is Blockchain Capital with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Co-investors, Hutt Capital, and Winklevoss Capital Launched in Nigeria in 2019, Yellow Card now operates in 20 African countries, facilitating over $3 billion in transactions. With the new capital, the company plans to expand its API and widget products, bridging international businesses like Coinbase with African markets and enhancing cross-border payment ease for African companies. We are proud to see Yellow Card’s continued growth and success! 

In a bold move toward sustainable transportation, MAX, Africa's leading mobility and electric vehicle (EV) platform, has teamed up with PASH Global to invest $10 million in Nigeria's EV infrastructure. This partnership aims to establish an extensive network of EV charging stations across Nigeria's urban centers, accelerating the adoption of electric motorcycles, three-wheelers, and cars. MAX’s CEO, Adetayo Bamiduro, calls it a "monumental step" in decarbonizing African transportation. PASH Global, a renewable energy-focused investor, will leverage its expertise to power MAX's EV network, supporting Nigeria’s goals for cleaner energy, job creation, and economic empowerment. We are extremely eager to see what this strategic partnership brings. 

Qore, a leading banking-as-a-service platform, has received the highly esteemed No Objection Letter from the Bank of Ghana, marking a pivotal step in its mission to reshape Ghana’s financial landscape. This regulatory approval underscores Qore's dedication to compliance, security, and operational excellence, affirming it meets Ghana’s stringent financial standards. With this approval, Qore can expand its financial services, forge new partnerships with banks and institutions, and strengthen investor confidence. This all aligns with Qore’s international expansion strategy, providing a foundation for strategic growth in Ghana’s financial ecosystem. 

Thank you for staying connected with us at Greenhouse Capital. We’re thrilled to share these moments of growth, collaboration, and innovation with you. We remain committed to driving impactful partnerships and advancing the startup ecosystem across Africa and beyond. Until next time, our dearest loopers!