Bumpa a Nigerian startup has closed a $200, 000 pre-seed funding to further reach its users while expanding its product feature.
Taking part in the funding round include, Microtraction, Venture Arm, Aidi Ventures, Whogohost, Greencap Equity, Rizq Investment Group, DFS Labs, HOAQ Club, and some notable angel investors.
The startup supports retail businesses in managing their ventures from the comfort of their mobile phones.
Launched early this year by the duo of Adetunji Opayele and Kelvin Umechukwu, Bumpa provides businesses with the requirements to move online without having to use a programming skill.
Bumpa allows businesses to create an e-commerce store through their mobile phones while also carrying out payments both online and offline, tracking sales, managing inventory and engaging with customers.
According to the founders, the startup has onboarded more than 7,000 merchants, recording a 50 percent growth rate. Over 30,000 products have been listed with a recorded transaction worth US$500,000.
With this new closed seed funding, Bumpa is aiming to reach 200,000 merchants while expanding its team support.
Speaking on the closed fund, Kelvin Umechukwu, Co-founder at Bumpa said:
“Building the operating system for MSMEs in Africa can be daunting but having the right team, very supportive investors, and the best community of customers makes the work fun to do and a lot easier.
I believe that a lot of small businesses will thrive as they begin to take advantage of technology for their growth and I’m very excited about the future of commerce in Africa because of what we are building at Bumpa,”
Also speaking, Opeyemi Awoyemi, venture partner and founder of Whogohost, said:
“The Bumpa team understands this well – it took me less than a minute to set up a shop on Bumpa. They are building fit-for-market tools that will digitize informal markets and create value for millions of existing and first-time sellers,”
Overview of Bumpa’s offering
Bumpa is the least technical way to create and manage your online store, allowing you to make sales, collect payments and process orders conveniently.
Complete inventory management
Helps you manage products, customer orders, and track deliveries conveniently via the Bumpa app
Getting a detailed view of your business, the startup helps you focus on the most important data to grow your business
Set up your online store website in minutes, impress your customers and bring your brand to life
Secured payment and logistics
Start accepting payment safely from all kind of Credit/Debit Card, bank transfers and mobile money solutions through your online store.
Easily fullfill orders via the local and international logistics companies integrated into your online store
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