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Bumpa, a Nigerian retail automation platform, has announced that it has raised USD 4 million in a seed round to build the infrastructure to power online commerce and enable African small business owners to start, manage, and grow their businesses using mobile devices.
The business said it would use the USD 200,000 pre-seed investment to expand into new African markets, hire talent, and strengthen its internal systems and structures. Base10 Partners, the largest Black-led fund in the world, is the lead investor in Bumpa’s seed round.
Okra, a Nigerian API fintech, was the company’s first investment in Africa. Plug & Play Ventures, SHL Capital, Magic Fund, Jedar Capital, DFS Labs, FirstCheck Africa Angel Program, E62 Ventures, Club14, and Fast Forward Ventures are additional investors in the deal.
Read More: Nigerian retail automation platform Bumpa raises $4M, led by Base10 Partners
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