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Bump seeks to help creators manage their finances.Image Credits:Snap Inc. / Courtesy of James Jones
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James Jones ’ male parent was an locomotive engineer . He was also a musician and a preacher , performing at churches along the East Coast .
Jones , an amusement attorney , notice his begetter often worry about keeping caterpillar track of the money he pull in while perform at church , and artists and influencers were often complaining about the same thing .
“ I also often had Godhead kvetch about the lack of ownership over their originative assets and how painful it was to get loan , mortgages , or generally create generational riches opportunities for themselves and their folk , ” Jones tell TechCrunch .
Jones say the pandemic brought forth a new set of challenge for creators : So many of them were at home taste to figure out how they would make money and what to do next .
His answer wasBump , a political platform that helps creator manage and produce their business . He set in motion it in 2020 with Anton Kovalyov , who now serves as CTO . On Tuesday Bump announced a $ 3 million seed daily round , with investments from ImpactX , Capitalize and Serac Ventures .
Bump allows creators to track income and mart value , which can serve them negociate better deals and see how much money they are owe from partners . In 2022 , Bump launched the Bump Creator credit card in partnership with Mastercard , which provides no monthly or out of sight fee and can be produce without a credit check . Bump also works with a banking institution and has direct sedimentation accounts that let creators earn stake on John Cash place in its money market invoice .
Jones tell fundraising for his caller was vicious . Bump was up against numerous factors it simply could n’t control , like a bear securities industry and the lack of investor appetence for creator economic system caller . “ We took no after no from investor on the chin and lived to keep fighting , ” he suppose . “ We were n’t afraid to ask for investment , and we were n’t afraid of being ghosted , being judged or being told no . ”
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Bump closed its seed around in about six month , with other investor , include Heirloom Ventures , H / L Ventures and Mana Ventures . It has raised $ 3.5 million to date , with existing investors , including Snap Inc. and Sixty8 Capital .
“ The Jehovah economy is one of the most authoritative trends in the hereafter of work , ” Oliver Libby , a managing partner at H / L Ventures , secern TechCrunch . “ There is virtually no financial infrastructure , no fiscal grooming , product , or help for this growing population — many of them underrepresented and underbanked . ”
Bump will use the latest fundraise to help it expand and refine its base .
Creating a company like Bump has always been Jones ’ passion , even though he did n’t always want to be a founding father . “ I always had a burning desire to solve the world ’s job , ” he say . He care verbalize to people , mind to what they were say , and analyze details that could avail make them “ respectable , wealthier , or glad . ”
“ I ca n’t say that I always want to be a laminitis , but I do think my natural tendencies and characteristics have pushed me toward being a founding father , ” he said . “ And despite the highs and low , I would n’t sell it for anything in the world . ”
