Bumpa Capital, Vendorcredit partner to boost credit access for SMEs

Bumpa Capital has partnered with Vendorcredit to enhance credit access for small and medium-sized enterprises (SMEs) across Nigeria.

Bumpa Capital gives new and existing Bumpa’s merchants direct access to working capital, with flexible repayment terms and without traditional lending barriers, according to a statement.

Access to credit has historically been a persistent structural challenge facing small and medium-sized enterprises in Nigeria. About 40 million MSMEs operate across Nigeria, contributing nearly half of the country’s GDP, yet more than 80 percent lack access to formal credit.

Traditional credit systems were built around documents: audited accounts, collateral, formal payslips, and credit bureau histories. These are documents most Nigerian SMEs cannot produce as they operate in an informal economy, resulting in a credit gap that has less to do with the viability of these businesses and more to do with the inadequacy of the systems meant to evaluate them.

Today, both companies partner to bridge this gap, with VendorCredit streamlining the process of accessing capital by leveraging merchants’ transaction data in real-time to offer fast, tailored credit without unnecessary delays or complex paperwork. The product sits inside the Bumpa platform, and Vendorcredit provides the funding and infrastructure that makes access to capital possible.

Commenting on the partnership, Kelvin Umechukwu, CEO of Bumpa, said, “We see the heart that business owners pour into their businesses every single day, and we know that applying for a business loan is often a stressful, discouraging process. We launched Bumpa Capital in partnership with Vendor Credit to remove that friction entirely.”

“By using your actual sales data to unlock funding, and integrating a seamless daily payback structure, getting funding now feels like a reward for your hard work, not a burden, and our merchants can focus more on what they need to do, which is growing their business,” he added.

Vendorcredit’s lending infrastructure makes credit decisions by evaluating businesses based on actual performance — sales volumes, transaction frequency, revenue patterns, and order consistency — generated from a merchant’s activity on platforms.

Since its launch, Vendorcredit has extended working capital to thousands of merchants across multiple e-commerce and digital platforms, disbursing hundreds of millions of Naira in credit to businesses that would not have met traditional lenders’ requirements.

“Our aim at Vendorcredit is to ensure that ‘access to credit’ is not a blocker for serious businesses. We believe it’s a burden MSMEs don’t have to add to the several other issues they face in thriving. We have been doing it across platforms for years. Bumpa Capital is the next step in achieving this vision, and it will not be the last,” Oluseye Seton, CGO & co-founder, Vendorcredit

The company noted that the partnership is proof of what becomes possible when the right infrastructure meets the right distribution as “collaboration is a step towards a simpler reality for small business owners in Nigeria, one where the tools to run your business and the capital to grow it live in the same place.”