Bumpa Sealed $200,000 Pre-seed Round Deal To Empower Small Business Owners

Bumpa App, an African startup that enables retailers to manage and grow their businesses from their mobile phones has announced the raising of its $200,000 pre-seed round.

Brand News Day noted that the Bumpa pre-seed round had participation from Greencap Equity, HOAQ Club, Whogohost Venture Arm, Rizq Investment Group, Microtraction, DFS Labs, Aidi Ventures, Prosper Otemuyiwa, Oo Nwoye, Perfect Makanju, and a few other angels.

Bumpa, which was co-founded by Kelvin Umechukwu and Adetunji Opayele.

The startup helps merchants and businesses move their business online; enabling merchants with zero programming skills to set up their e-commerce store using their smartphones.

Bumpa merchants are also able to accept online and offline payments, manage inventory/products, handle bookkeeping, fulfil orders, track sales, request dispatch riders, engage customers easily, and much more on the go with their smartphones.

Since its launch in February 2021, Bumpa has onboarded over 7,000 merchants on its platform with a 50% MoM growth rate. Retail businesses like The Ajala Store and Lash Ng, have been able to move their business online and digitize their business processes. They are also able to understand how their business is doing across multiple channels both online and offline. So far, Bumpa merchants have listed more than 30,000 products and completed over $500,000 in recorded transactions.

The startup also recently got into the Microsoft for Startups, a program for growth-stage startups that gives them free technical consultations, access to corporate partnerships alongside free access to enterprise software including Office 365, Github Enterprise, and Azure credits worth up to $25,000.

Bumpa App Sealed $200,000 Pre-seed Round Deal To Empower Small Business Owners

Following its raise, Bumpa is looking to empower more small business owners with the tools to grow their businesses. Within the next year, the startup wants to reach 200,000 merchants.

Bumpa will also be expanding its team and rolling out new features to improve support for merchants as it looks to help onboarded businesses grow their sales by at least 20% MoM.