Bumpa, a social commerce startup based in Nigeria, has announced a $4 million seed funding round to help it broaden its product line and expand into new markets.
Base10 Partners, Plug & Play Ventures, SHL Capital, Jedar Capital, Magic Fund, DFS Lab, FirstCheck Africa Angel Program, E62 Ventures, Club14, and Fast Forward Ventures all contributed to the US$4 million seed round, which was led by Base10 Partners.
Bumpa, a platform created by Kelvin Umechukwu and Adetunji Opayele in February 2021, enables businesses to shift online without the need for coding knowledge.
The three objectives are to connect, innovate, and scale. As a startup, our goal with Bumpa 2.0 is to consolidate all the necessary resources for SMEs in one location—the Bumpa app. Additionally, it will innovate by introducing easier, automated ways to perform every business transaction or app operation. It also aims to expand the reach of our employees’ enterprises, our own as leading players in the African commerce sector, and the founders’ capacities, according to Umechukwu.
In order to better serve the expanding number of African SMEs in need of digital solutions, Bumpa is now seeking to diversify its product line by incorporating more social commerce options.
In the upcoming months, the startup will also be increasing its workforce with a focus on marketing, engineering, and business responsibilities, as well as opening up access to its product to new African markets with the help of the new finance.
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