London-based fintech Bumper, which offers BNPL (Buy Now, Pay Later) solutions for car repairs and servicing, has raised £8 million in a Series B funding round, bringing its total funding to $85 million.
- Founded in 2013, Bumper develops Buy Now, Pay Later (BNPL) solutions tailored to the automotive sector. Its platform allows customers to spread the cost of car repairs, servicing, parts, and accessories into interest-free monthly payments, while enabling dealerships to manage all payment methods, including card, bank transfer, and BNPL, through a single digital system.
- Bumper has relationships with over 5,000 dealerships and garages and works with leading automotive brands, including Volkswagen, Ford, Nissan, Volvo, Seat, Audi, Skoda, Jaguar Land Rover, and Porsche.
- Operating across the UK and Europe, the platform lets consumers book local services and pay over 1 to 6 months without interest, paperwork, or upfront costs. It also delivers real-time analytics to dealerships, helping cut transaction fees, streamline back-office operations, and boost average invoice values.
Details of the deal
- The investment saw support from Autotech Ventures, Global Suzuki Ventures, Porsche Ventures, JLR’s InMotion Ventures, and Shell Ventures.
- Bumper plans to use the £8 million to expand its Bumper Pro platform across its dealer network, develop its AutoBI business intelligence tool, and hire staff from across Europe, while improving operational efficiency and cutting costs for dealerships.
"The new investment will also enable us to grow AutoBI, our real-time business intelligence solution, with top talent from across Europe. A big thank you to our investors, dealers, customers, and incredible Bumpees for your support in reaching this exciting milestone," Bumper's team, commented on LinkedIn.
