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Klump, a Lagos-based Buy Now Pay Later payment platform, announced the close of its USD 780 K pre-seed round, infusing it with enough funds to launch its flagship Pay with KlumpTM product with select partners, offering BNPL solutions to customers and businesses.
Seedcamp, a London-based investment firm, led the funding round, with participation from MAGIC Fund, Voltron Capital, Yellowwood, Kickoff Africa, Hoaq Capital, Kesho VC, Assembly Investors. Several angel investors and founders, including Olugbenga “GB” Agboola, Will Neale, Michael Pennington, Richmond Bassey, CEO of Bamboo, Babs Ogundeyi, Abdul Hassan, Opeyemi Awoyemi, and Selma Ribica also participated in the round.
Klump offers customers the option to buy and receive their purchases right away and spread the payments over four (4) equal installments. The startup is launching its end-to-end BNPL product in partnership with WhoGoHost and Gigalayer