Close Menu
  • Home
    • News
    • Hubs
    • Startups
    • Events
    • Features
  • Southern Africa
  • West Africa
  • East Africa
  • North Africa
Facebook X (Twitter) Instagram
  • About
  • Contact
  • Advertise
  • Pipeline
  • Research
  • Podcast
Disrupt Africa
  • Home
    • News
    • Hubs
    • Startups
    • Events
    • Features
  • Southern Africa
  • West Africa
  • East Africa
  • North Africa
Disrupt Africa

Nigerian social commerce startup Bumpa raises $4m seed funding

0
By Tom Jackson on October 19, 2022 News, West Africa

Nigerian social commerce startup Bumpa has announced a US$4 million round of seed funding to expand its product offering and move into new markets.

Launched in February 2021 by Kelvin Umechukwu and Adetunji Opayele, Bumpa helps merchants move their business online without the need for programming skills. The platform allows them to set up an e-commerce store using their smartphone, accept online and offline payments, manage inventory, handle bookkeeping, fulfill 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 fund, SHL Capital, Jedar Capital, Magic Fund, DFS Lab, FirstCheck Africa Angel Programme, E62 Ventures, Club14, 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 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.

“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,” said Umechukwu.

“Bumpa is building a mission that we love and were excited to get behind, enabling e-commerce and reducing friction for millions of SMBs,” said Luci Fonseca, principal at Base10 Partners. “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.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleEgyptian B2B pharma platform i‘SUPPLY raises $1.5m pre-seed funding round
Next Article Nigeria Startup Act signed into law by President Buhari
Tom Jackson
  • Website
  • X (Twitter)
  • LinkedIn

Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

Comments are closed.

DISRUPT AFRICA PODCAST
MOST READ
  • Ghanaian fintech company Zeepay secures $18m debt funding to accelerate expansion posted on May 7, 2025
  • Ghanaian retail-tech startup Tendo secures Renew Capital funding posted on May 2, 2025
  • Kenyan agri-tech company Twiga Foods acquires 3 local FMCG companies posted on April 24, 2025
  • Lagos-based VC firm Aruwa raises $35m, hits 90% of its Fund II at 2nd close posted on May 2, 2025
  • Kenyan e-health startup MYDAWA secures undisclosed funding round for expansion posted on May 1, 2025

Newsletter signup

Sign up for our Newsletter

Working.........

Thank you for signing up!

LATEST DOWNLOADS
The African Tech Startups Funding Report 2024
The African Tech Startups Funding Report 2024
Download Now!

Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem 2023
Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem 2023
Download Now!

The African Tech Startups Funding Report 2023
The African Tech Startups Funding Report 2023
Download Now!

Diversity dividend: Female fund managers in Africa – Eloho Omame
Diversity dividend: Female fund managers in Africa – Eloho Omame
Download Now!

Finnovating for Africa 2023
Finnovating for Africa 2023
Download Now!

Diversity dividend: Female fund managers in Africa – The AfricInvest women
Diversity dividend: Female fund managers in Africa – The AfricInvest women
Download Now!
Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem 2023
Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem 2023
Download Now!

Diversity dividend: Female fund managers in Africa – Janngo Capital
Diversity dividend: Female fund managers in Africa – Janngo Capital
Download Now!

The African Tech Startups Funding Report 2022
The African Tech Startups Funding Report 2022
Download Now!

The Kenyan Startup Ecosystem Report 2022
The Kenyan Startup Ecosystem Report 2022
Download Now!

The Nigerian Startup Ecosystem Report 2022
The Nigerian Startup Ecosystem Report 2022
Download Now!

Diversity dividend: Female fund managers in Africa – Alitheia Capital
Diversity dividend: Female fund managers in Africa – Alitheia Capital
Download Now!

Diversity dividend: Female fund managers in Africa – The TLcom Ladies
Diversity dividend: Female fund managers in Africa – The TLcom Ladies
Download Now!

Copyright © 2014-2023 Disrupt Africa. All rights reserved.
  • About
  • Contact
  • Advertise
  • Sitemap

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version