Bamba offers an enterprise management platform and Android app that lets micro-merchants record cash and mobile-money transactions, manage inventory, and handle basic CRM. The product ties inventory and transactions together and aims to evolve into point-of-sale capabilities to give merchants a clearer picture of their business. Bamba plans to use its transaction and inventory data to underwrite cash advances and lending against future cash flow. The startup is currently in stealth mode, testing its platform with 30 merchants, and projects a broader launch across 12 markets. Its revenue model comprises a small payment fee charged to merchants and interest from its lending/cash advance product. The company was founded with Martin Schramm in January and is roughly five months old.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

May 2022