Rizq Investment Group
40, Fola Agoro Street, Shomolu, Lagos, Nigeria
Overview
Rizq Investment Group creates wealth by mobilizing resources for long-term, profitable investments.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Bumpa
Participated · Seed · Sep 2021
Bumpa offers mobile-first digital tools for micro-retailers to manage sales, track inventory, accept payments, and operate their businesses at the point of sale. The company targets micro-merchants facing operational constraints such as fragmented logistics and informal workflows, positioning its product to add structure to existing informal commercial behaviors. Bumpa is described as operating in Nigeria and sits at the point-of-sale layer relative to other commerce platforms. Financially, Bumpa has raised $4.2 million across two funding rounds, including a $4 million seed round in October 2022 led by Base10 Partners. The recent undisclosed investment from Jobtech Alliance was made after the alliance's landscape scan of digital services for MSMEs across Sub-Saharan Africa. The announcement did not provide revenue, user metrics, or specific plans for the new capital.
Team
No current team members are available.