
Bump
Bump is an AI-powered analytics-driven platform that helps creators receive and manage microadvances for their businesses.
Date | Investors | Amount | Round |
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- | investor investor investor | €0.0 | round |
investor investor investor investor | €0.0 | round | |
investor investor investor investor investor investor | €0.0 | round | |
* | $3.0m | Seed | |
Total Funding | 000k |
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Bump is a financial services startup that caters to creators such as musicians, content creators, influencers, YouTubers, TikTok creators, podcasters, models, writers, actors/actresses, and freelancers. The company operates in the financial technology market, providing a unique solution for creators who often struggle with traditional banking systems.
Bump offers a business card and a personalized management dashboard to its clients. This allows creators to start spending for their business instantly, without the need for personal credit checks or hidden fees. The company prides itself on allowing creators to keep 100% ownership of their creations.
The business model of Bump is quite innovative. Unlike traditional lenders, Bump does not charge an interest rate on the repayments. Instead, it charges a nominal annual fee. This fee allows Bump to continue providing its services to the creators in the Bump community.
Bump's revenue model is based on these annual fees. The company does not run credit checks on creators, and the credit limit for the Bump card is determined by the company. The Bump card can be used for any business needs, such as purchasing equipment, booking studio time, or hiring a producer or photographer.
In conclusion, Bump is a financial services company that provides a unique solution for creators, allowing them to focus more on their talent and less on managing their business.
Keywords: Financial Services, Creators, Business Card, Personalized Management Dashboard, No Personal Credit Checks, No Hidden Fees, Nominal Annual Fee, No Interest Rate, Credit Limit, Business Needs.