In a venture round that featured Greencap Equity, Whogohost Venture Arm, Rizq Investment Group, Microtraction, and DFS Labs, as well as high net worth individuals like Prosper Otemuyiwa, Perfect Makanju, O. O. Nwoye, and others, Bumpa, an e-commerce solutions startup has raised over $200,000 in pre-seed.
Bumpa is offering merchants the easiest ways to sell online, and manage their businesses from the convenience of their phones. This enables users the opportunity to sell online, offline, engage their customers actively, and track their orders accordingly. With many merchants looking for opportunities to sell their goods easily online, through an integrative store or platform to engage customers, Kelvin Umechukwu and Adetunji Opaleye found a huge opportunity to solve merchants’ needs. Set up around February this year, the startup was earlier known as Scalescabal, in the ensuing aftermath of the COVID-19 debacle, which had driven many users online for their shopping and commerce needs. A report by VISA shows that last year increase in e-commerce transactions in sub-Saharan Africa rose by 5%, especially with the restrictions on mobility and closure of physical shops.
The e-commerce startup claims that it has over 30,000 products listed on its platform, and has completed over $500,000 in transactions. Currently, they claim that they have onboarded over 7,000 merchants, with a recorded Month-on-Month (MoM) growth rate of over 50%. With its aim of reaching over 200,000 merchants before the end of 2021, these new funds would help to empower the business all the more and consolidate its growth.
Along with this, the startup is keen on expanding its team’s strength and size, introducing newer features to improve customer experience, and growing its sales by 20% MoM.
As Technext points out, the Founder of Whogohost, Opeyemi Awoyemi, one of the participant investors in the venture round, describes the innovative startup as the ‘Shopify of Africa’, emphasizing its dynamic value offering of ease of shopping for consumers, as well as the handy fit-for-market tools that help in digitizing informal markets and creating multiple value for Nigerians.