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Bumpa Raises $4m Seed Funding

The Nigerian social commerce startup helps merchants move their business online without the need for programming skills.

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Bumpa has announced a US$4 million round of seed funding to expand its product offering and move into new markets. The platform allows them to set up an e-commerce store using their smartphone, accept online and offline payments, manage inventory, handle bookkeeping, fulfil orders, track sales, request dispatch riders, and engage customers.

The US$4 million seed round was led by Base10 Partners with participation from Plug & Play Ventures commerce fundSHL CapitalJedar CapitalMagic FundDFS LabFirstCheck Africa Angel ProgrammeE62 VenturesClub14, and Fast Forward Ventures.

The startup secured pre-seed funding last September and has onboarded more than 50,000 merchants and listed more than 400,000 products. Bumpa is now looking to expand its product offerings, embedding more social commerce solutions for the growing number of African SMEs in need of digital solutions. These features, integrations, and connections will give SMEs more control over how they manage and scale their business.

Bumpa will also be expanding access to its product to new African markets in the coming months, and expanding its team with a focus on marketing, engineering, and business roles.

Kelvin Umechukwu, Bumpa Co-founder 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 all 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 user’s businesses, our position as key players in the African commerce industry, and to scale the capacities and reach of the employees and even we, the founders.”

Luci Fonseca, Principal at Base10 Partners said: “Bumpa is building a mission that we love and were excited to get behind, enabling e-commerce and reducing friction for millions of SMBs. The more we spent time with Kelvin and Teejay, the more we saw that they are very special founders and have a powerful mission to build the defining e-commerce platform in Nigeria and across Africa.”




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