Bumpa, a Lagos, Nigeria-based e-commerce startup that provides business management apps for SMEs, raised $4 million in seed funding.
The round was led by Base 10 Partners with participation from Plug & Play Ventures, FirstCheck Africa Angel Program, E62 Ventures, Club14, Fast Forward Ventures, SHL Capital, Magic Fund, Jedar Capital, and DFS Labs.
With the funding, the startup is looking to expand its product offerings, embedding more social commerce solutions for the growing number of African SMEs in need of digital solutions. Bumpa will also be expanding access to its products to new African markets in the coming months.
Bumpa will also expand its team with a focus on marketing, engineering, and business roles as it prepares to help more merchants achieve business success. Interested applicants should keep an eye on the startup’s career page.
In giving his statement about what Bumpa is set to do, Kelvin Umechukwu, CEO of Bumpa, said, “The goal is to do three things: connect, innovate, and scale. Bumpa 2.0 for us as a startup is to connect all the relevant tools, channels, and places that SMEs need in one place: the Bumpa app. It is also to innovate by bringing simpler, automated ways to do any business transaction or operation on the app. It is also to scale our users' businesses; our position as key players in the African commerce industry; and scale the capacities and reach of the employees and even we, the founders. "
Since it started, Bumpa has gathered more than 50k small and medium-sized businesses (SMEs) that use the app’s tools to run their businesses, with 40% of them using it monthly.
Company: Salescabal Inc.
Raised: $4.0M
Round: Seed Round
Funding Month: October 2022
Lead Investors: Base 10 Partners
Additional Investors: Plug & Play Ventures, FirstCheck Africa Angel Program, E62 Ventures, Club14, Fast Forward Ventures, SHL Capital, Magic Fund, Jedar Capital, and DFS Labs
Company Website: https://getbumpa.com/
Software Category: Business Management App
About the Company: Founded in 2021 by Kelvin Umechukwuand and Adetunji Opayele, Bumpa is a business management app for small and medium businesses. Bumpa app provides free websites for business owners in 60 seconds and other business management solutions. The app is integrated with Meta platforms (Facebook and Instagram) and payment platforms like Paystack and Flutterwave. It enables companies to set up business websites, invoicing, and other operational processes. Bumpa supports both the business and the business owner with resources and a community to aid their growth.
Source: https://techbuild.africa/social-commerce-bumpa-4m-african-smes-business/