Bump, a Los Angeles-based WealthTech and FinTech platform, has successfully closed a $3m seed funding round.
The investment was spearheaded by a consortium of influential investors such as Impact X Capital, Capitalize VC, Serac Ventures, Tristan Walker’s Heirloom Ventures, Plug and Play, Symphonic Capital, Gaingels, and Mana Ventures. Additionally, existing investors Snap Inc, H/L Ventures, Connetic Ventures, and Sixty8 Capital have also contributed, further solidifying their commitment to Bump’s vision.
Bump is dedicated to addressing the unique financial needs of the creator community by offering tailored financing options and growth tools. These include a real-time market value tool, which aids creators in negotiating brand deals, and an income discovery feature that helps them identify and claim their dues. Furthermore, the Bump Creator Credit Card and direct deposit accounts are designed to enhance financial flexibility with no hidden fees and the opportunity to earn interest on idle cash.
The new funding is earmarked for expanding Bump’s services to creators in the U.S., Europe, and Africa, catering to the growing demand in these regions. The expansion plans are timed to capitalise on the explosive growth of the creator economy, which is increasingly influencing consumer behaviour and monetization strategies in the digital space.
Bump CEO James Jones highlighted the significance of the funding, stating, “We built Bump to address the unique financial and wealth creation challenges faced by creators.
“This investment further advances our vision to empower creators and influencers with trusted financial resources they need to thrive in today’s digital landscape. With this funding, we are poised to accelerate our growth and deliver even greater value to our community of creators.”
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