Bumpa Secures $4 Million Seed Round

Nigerian social commerce startup, Bumpa, has secured $4 million seed round. The seed round led by Base10 Partners, with participation from Plug & Play Ventures, SHL Capital, Magic Fund, Jedar Capital, DFS Labs, FirstCheck Africa Angel Program, E62 Ventures, Club 14 and Fast Forward Ventures.

The co-founders noted that they chose investors in Africa who were interested in e-commerce and retail automation.

The company was founded in 2021 by Kelvin Umechukwu and AdetunjiOpayele, after the duo worked together on HostCabal, a web hosting company.

With over 281 million online shoppers in Africa and over 384 million Africans on social media, the internet is becoming a gold mine, and the co-founders of Bumpa have keyed into it.

Bumpa started out by helping small businesses manage inventory and communicate with their customers, but they have gone further to help businesses scale beyond their expectations.

According to Kelvin Umechukwu, co-founder and CEO of Bumpa, the company has over 50,000 small businesses on its platform and have recorded over 200,000 orders and trade a gross merchandise value of $20 million.

Mr. Umechukwu speaks more of his company, says it is out to provide lasting solutions to businesses: “With Bumpa, we’re helping business owners organise all the commerce that’s happening on their social media. They can see their top customers. They can see how much they’re making on each of these social media platforms, like Instagram. They can collect all the records, and they can sell faster through direct messaging (DMs) and request for payments because we brought all of the commerce tools right there for them in their DMS while chatting with a customer.”

With its launch and rapid growth, Bumpa has proven itself a worthy solution to small businesses in the current business ecosystem in Nigeria and Africa in general. The success stories and prospects have also driven more and more investors into the project.