Nigeria’s Shopify for Africa, Bumpa Reveals Post-Funding Plans
Bumpa, a Nigerian business that serves as a one-stop shop for African retail merchants, intends to expand internationally after experiencing rapid development and receiving pre-seed capital from a bank.
Bumpa, founded in February 2021 by Kelvin Umechukwu and Adetunji Opayele, assists merchants in moving their businesses online without the requirement for programming knowledge. They may use their smartphone to create an e-commerce store, collect online and offline payments, manage inventory, conduct bookkeeping, fulfill orders, track sales, request dispatch riders, and engage customers.
“Bumpa is a full-service business suite for SMEs.” “We prefer to think of Bumpa as the Shopify for Africa, designed by Africans who understand the difficulties that concern African retailers,” said Opayele.
“The African market has a gap for non-technical e-commerce solutions, which is what Bumpa has created. The product has all the tools merchants need to manage and grow their businesses online with ease.”
Early uptake has been impressive. The startup has onboarded thousands of merchants and listed over 30,000 products, and plans further growth after securing funding in September. The US$200,000 in pre-seed funding came 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 wants to reach 200,000 merchants within the next year, and will also be expanding its team and rolling out new features to improve support for merchants.
“We have plans to expand into neighbouring countries in the near future,” Umechukwu said.
