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Entertainment Lawyer Raises $3M To Revolutionize How Creators Bank


Entertainment Lawyer Raises $3M To Revolutionize How Creators Bank

Bump, a wealth tech and financing platform for creators, announced it has raised $3 million in seed funding.

The creator economy’s rapid ascent has created new financial needs. Entertainment lawyer James Jones saw an opportunity and launched Bump with a suite of tools tailored to creators’ unique circumstances.

Jones drew inspiration from his father’s experiences as an engineering consultant who also performed at churches. “I often had creators complain about the lack of ownership over their creative assets and how painful it was to get loans, mortgages, or create generational wealth opportunities,” he told TechCrunch.

According to him, the pandemic only amplified these challenges. “So many creators were at home trying to figure out how they would earn money and what to do next,” Jones said. He co-founded Bump in 2020 with Anton Kovalyov as a solution.

The platform addresses the challenges of managing finances by providing creators with financing options and business growth tools. These include a real-time market value tool to help negotiate brand deals and an income discovery feature identifying outstanding payments. The platform enables creators across YouTube, Instagram, Spotify, and TikTok to discover and track all income sources and manage their market value.

The company offers additional services such as the Bump Creator Credit Card, which has no monthly fees, hidden fees, or credit checks. Bump also provides direct deposit accounts, allowing creators’ royalties and payouts to be securely held in a money market account where they can earn interest.

The investment round includes Impact X Capital, Capitalize VC, Serac Ventures, Tristan Walker’s Heirloom Ventures, Plug and Play, Symphonic Capital, Gaingels, and Mana Ventures. Existing investors such as Snap Inc., H/L Ventures, Connetic Ventures, and Sixty8 Capital also participated.

“We built Bump to address the unique financial and wealth creation challenges faced by creators,” Jones said in the announcement. “This investment further advances our vision to empower creators and influencers with trusted financial resources they need to thrive in today’s digital landscape.”

The funding will support Bump’s expansion across the United States, Europe, and Africa as it scales to meet rising creator demand. Investors expressed enthusiasm in the announcement about participating in Bump’s mission.

“We are excited to invest in and partner with Bump to provide additional strategic resources as they expand abroad,” said Kimberly Davis King, a Partner at ImpactX Capital Partners.

“We’re thrilled to invest in James Jones and his team as they develop a fintech solution for creators to leverage their revenue to establish commercial credit,” said Tessa Flippin, Partner at Capitalize VC.

Serac Ventures’ Kevin Moore added, “Our investment is a testament to our belief in the creator economy’s growth and our conviction in James Jones as a visionary leader.”

Cecilia Carloni, Interview Manager at Influence Weekly and writer for NetInfluencer. Coming from beautiful Argentina, Ceci has spent years chatting with big names in the influencer world, making friends and learning insider info along the way. When she’s not deep in interviews or writing, she's enjoying life with her two daughters. Ceci’s stories give a peek behind the curtain of influencer life, sharing the real and interesting tales from her many conversations with movers and shakers in the space.

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