diff --git a/implicit/__init__.py b/implicit/__init__.py
index 419ffbc1..0e421adc 100644
--- a/implicit/__init__.py
+++ b/implicit/__init__.py
@@ -1,5 +1,5 @@
 from . import als, approximate_als, bpr, lmf, nearest_neighbours
 
-__version__ = "0.4.8"
+__version__ = "0.5.0"
 
 __all__ = ["als", "approximate_als", "bpr", "nearest_neighbours", "lmf", "__version__"]
diff --git a/setup.cfg b/setup.cfg
index 91133161..ebea790b 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.4.8
+current_version = 0.5.0
 commit = True
 tag = True
 
@@ -26,7 +26,6 @@ skip = build,.eggs,.tox
 skip = ./.git,./.github,./build,./dist,./docs/build,.*egg-info.*,*.csv,*.tsv
 ignore-words-list = als,coo,nd,unparseable,compiletime
 
-
 [bumpversion:file:implicit/__init__.py]
 
 [bumpversion:file:setup.py]
diff --git a/setup.py b/setup.py
index 26b4fff2..dba46c0c 100644
--- a/setup.py
+++ b/setup.py
@@ -19,7 +19,7 @@ def read(file_name):
 
 setup(
     name="implicit",
-    version="0.4.8",
+    version="0.5.0",
     description="Collaborative Filtering for Implicit Feedback Datasets",
     long_description=read("README.md"),
     long_description_content_type="text/markdown",