Bumper, a buy now pay later (BNPL) platform for car servicing and repairs, has secured an $11m (£8.1m) equity investment.
Founded in 2013, the Sheffield-based fintech has raised the new funds to scale its BNPL service across Europe.
Bumper offers garages and dealerships the option to spread the cost of repairs into multiple interest-free payments, a service it has recently extended to original equipment manufacturers (OEMs) following its acquisition of AutoBI in late 2024.
“A sudden repair bill can hit families hard. We created Bumper to give people control, flexibility and peace of mind when the unexpected happens,” said James Jackson, co-founder and chief executive of Bumper.
“We’re building out from our consumer BNPL roots into a full-stack platform for automotive retail. By owning more of the payments stack and delivering software solutions to dealers, we can improve margins, simplify operations and support the future of mobility retail.”
The investment, which follows a £40m funding round in January last year, was led by Autotech Ventures with support from the venture capital arms of Jaguar Land Rover, Suzuki, Porsche and Shell.
“We first invested in Bumper in 2021, attracted by its industry leading BNPL product and penetration in the UK dealer sector,” said Tony Rimas, a partner at Autotech Ventures.
“Since then we have been impressed by its remarkable revenue growth in the UK and across Europe, its expanded portfolio of payment solutions and the team’s ability to execute on its ambitious plans.”
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