202219 Oct

Nigerian retail automation platform Bumpa raises $4M, led by Base10 Partners

Summary

Millions of small and medium businesses still operate inefficiently due to dependency on manual processes, which limits their capacity to grow and scale; this is despite contributing to about 48% of Nigerias GDP in the last five years,But the tide is turning. Were evolving, and we consider our features as the foundation of what is possible with Bumpa.These days, small businesses in Nigeria are spoilt with options, in addition to Bumpa, for products that can digitize their operations, including bookkeeping, invoicing and inventory management. The idea now is to connect all of these solutions and channels that small businesses use together with a click of a button and basically facilitate the transfer of information for efficiency.That said, Bumpa would not be heading into this Herculean task blindly. And citing why his firm is doubling down on the social commerce platform after an initial $30,000 pre-seed check, he said Bumpa is unlocking prosperity (and huge GDP) for millions of new and existing sellers. The more we spent time with Kelvin and Adetunji Opayele (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, she added.

Source: Techcrunch

Funding

$4M
Amount
Oct 14 2022
Date
-
Investor
Bumpa
Company

Classifications

Companies