What's Hot

    Oman’s Duqm Refinery completes start-up

    September 25, 2023

    CYNK – Africa’s first verifiable carbon market launches in Kenya

    September 22, 2023

    Ionic Rare Earths engages DRA Global to advance Makuutu Development

    September 20, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      India reveals expansive rail and ports corridor for Middle East and South Asia

      September 13, 2023

      Green energy – UAE funds African projects through $4.5 billion initiative

      September 6, 2023

      West African ports benefit from international investment

      September 1, 2023
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      CYNK – Africa’s first verifiable carbon market launches in Kenya

      September 22, 2023

      Ionic Rare Earths engages DRA Global to advance Makuutu Development

      September 20, 2023

      Turkey Exporters Assembly plans Saudi-Turkish trade summit

      September 18, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      MENAT to see investment flows increase substantially

      Business Business & Trade Finance September 4, 2023
      Recent

      MENAT to see investment flows increase substantially

      September 4, 2023

      Ballim – GGC can play a major role in Africa

      July 17, 2023

      Africa50 invests USD 6.6bln in infrastructure over 6 years

      July 7, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Entrepreneurship

    Bumpa raises USD 4 million in seed round

    October 21, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bumpa
    Bumpa's co-founders, Kelvin Umechukwu and Adetunji Opayele.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bumpa, a Nigerian social commerce startup, seeks to help businesses with sales across social media platforms.

    Bumpa, a Nigerian social commerce startup founded in 2021 by Kelvin Umechukwu and Adetunji Opayele, seeks to help companies manage their business generated across social media platforms. Bumpa began by offering companies support with inventory, engaging with customers, and recording sales and is now seeking to offer a service that connects every aspect of social media sales.

    Bumpa: Business through social media channels

    “With Bumpa, we’re helping business owners organize all the commerce that’s happening on their social media. They can see their top customers. They can see how much they’re making on each of these social media platforms, like Instagram. They can collect all the records, and they can sell faster through direct messaging (DMs) and request for payments because we brought all of the commerce tools right there for them in their DMS while chatting with a customer,” said Umechukwu.

    50,000 users

    Bumpa current serves over 50,000 small businesses through its platform and has facilitated or supported over 200,000 orders with a gross merchandise value of USD 20 million.

    The startup uses a commission and subscription model. Charging a commission on each online transaction, the company introduced a subscription product after partnering with Meta in August. Users can still use Bumpa for free, but are limited to 25 products and 50 orders per month.

    Bumpa has now raised a USD 4 million seed round led by Base10 Partners, with participation from Plug & Play Ventures, SHL Capital, Magic Fund, Jedar Capital, DFS Labs, FirstCheck Africa Angel Program, E62 Ventures, Club 14 and Fast Forward Ventures. 

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

    The growth of MENA’s social commerce market

    According to Research and Markets’ Q1 2022 Social Commerce Survey, social commerce in the MENA region is expected to grow by 70.3% on an annual basis to reach US $8.9 billion in 2022. Between 2022 and 2028, the industry is expected to grow by a CAGR of 55.2%.

    MENA-region startups raised a total of USD 173 in September.

    Africa Bumpa e-commerce investment nigeria social commerce Startups
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleMaxAB closes USD 40 million pre-Series B round
    Next Article Cryptocurrency now an official financial product in South Africa

    Related Posts

    Business & Trade Innovation

    CYNK – Africa’s first verifiable carbon market launches in Kenya

    September 22, 2023
    Business & Trade Energy Metals & minerals

    Ionic Rare Earths engages DRA Global to advance Makuutu Development

    September 20, 2023
    Business & Trade

    Turkey Exporters Assembly plans Saudi-Turkish trade summit

    September 18, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Oman’s Duqm Refinery completes start-up

    September 25, 2023

    CYNK – Africa’s first verifiable carbon market launches in Kenya

    September 22, 2023

    Ionic Rare Earths engages DRA Global to advance Makuutu Development

    September 20, 2023

    Turkey Exporters Assembly plans Saudi-Turkish trade summit

    September 18, 2023

    Ugandan agritech startup Emata secures USD 2.4 million in seed funding

    September 15, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

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