Bump, a Los Angeles, CA-based provider of a wealthtech and financing platform for creators, raised $3M in Seed funding.
Backers included Impact X Capital, Capitalize VC, Serac Ventures, Tristan Walker’s Heirloom Ventures, Plug and Play, Symphonic Capital, Gaingels, Mana Ventures and existing investors Snap Inc, H/L Ventures, Connetic Ventures and Sixty8 Capital.
The company intends to use the funds to expand throughout the U.S., Europe and Africa.
Led by James Jones, Bump enables creators across YouTube, Instagram, Spotify and TikTok to discover and track all income sources and to manage their market value in order to grow their digital assets, business and wealth. The company offers the Bump Creator Credit Card, which offers creators no monthly fees, no hidden fees and no credit checks. Bump also provides direct deposit accounts (DDAs) that allow creators’ royalties and payouts to be placed securely in a managed money market account so they can earn interest on their idle cash.
Commenting on the news, James Jones said: “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.”
FinSMEs
23/04/2024