# Bumpa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bumpa

- Industry: Software
- Headquarters: Lagos, Nigeria
- Website: www.getbumpa.com
- Total disclosed funding: $4M
- Latest round: Seed (Oct 19, 2022)
- Investors on record: 10

## About

Bumpa, based in Nigeria, offers innovative business management solutions that help streamline operations for small and medium enterprises across Africa.Founded in 2020 and headquartered in Lagos, Nigeria, Bumpa specializes in providing comprehensive management tools for small and medium enterprises. The company was founded by ADETUNJI OPAYELE and Kelvin Umechukwu, who also serves as CEO. Bumpa has completed a total of 3 deals, with its most recent deal occurring on October 19, 2022. In this round, Bumpa raised USD 4.000 mn in Seed funding led by Base10 Partners, with participation from investors including Club14, Digital Financial Service Lab, E62 Ventures, Fast Forward Venture, FirstCheck Africa, Jedar Capital, Magic Fund, Plug and Play Ventures, and SHL Capital. The total amount raised to date is USD 4.000 mn.Bumpa provides a comprehensive suite of business management tools designed to streamline operations for small and medium enterprises. The core offerings include inventory management, sales processing, order fulfillment, and customer relationship management through a dedicated application. Users can easily add products, run discount sales, generate invoices, and record sales, while gaining insights into key performance metrics such as profit margins and customer spending habits via Bumpa Analytics. The platform is tailored to support various customer segments, including solopreneurs, small business owners, and larger enterprises managing multiple locations. Bumpa's products are accessible in several geographical markets, including Nigeria and other African countries, allowing business owners to efficiently manage operations and enhance their online presence.Bumpa generates revenue primarily through subscription-based plans that cater to different business needs. The service offers multiple tiers, including a free basic plan and paid options such as Bumpa Starter, Bumpa Pro, and Bumpa Growth, with monthly costs ranging from N5,000 to N30,000 depending on the selected plan. Transactions occur as businesses subscribe for access to premium features, which include advanced inventory management and analytics tools. This transactional structure supports both direct-to-consumer sales and business-to-business relationships, allowing clients to utilize Bumpa's platform to facilitate their retail operations. By offering tailored solutions, Bumpa enhances the operational efficiency of its users while ensuring a steady revenue stream from its subscription offerings.Following the Seed funding round completed on October 19, 2022, in which Bumpa raised USD 4.000 mn, the company plans to expand its team and enhance its processes and structure. Bumpa aims to scale its operations into new African markets, leveraging the recent funding to support these initiatives. Specific markets targeted for expansion include various regions across Africa, although exact locations and timelines have not been disclosed.

## Funding rounds

- Seed, Oct 19, 2022, $4M — Plug and Play, Base10 Partners, DFS Lab, Magic Fund, SHL Capital, Jedar Capital, FirstCheck Africa, E62 Ventures, Club14, Fast Forward Venture

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Seed
- DFS Lab (https://capitalatlas.ai/funds/dfs-lab) — Seed
- Magic Fund (https://capitalatlas.ai/funds/magic-fund) — Seed
- SHL Capital (https://capitalatlas.ai/funds/shl-capital) — Seed
- Jedar Capital (https://capitalatlas.ai/funds/jedar-capital) — Seed
- FirstCheck Africa (https://capitalatlas.ai/funds/firstcheck-africa) — Seed
- E62 Ventures (https://capitalatlas.ai/funds/e62-ventures) — Seed
- Club14 — Seed
- Fast Forward Venture (https://capitalatlas.ai/funds/fast-forward-venture) — Seed