A Sheffield and London-based BNPL fintech focused on car servicing and repairs, Bumper, has secured $11 million in a Series B extension funding round. The round was led by Autotech Ventures with participation from notable automotive industry investors such as Jaguar Land Rover’s InMotion Ventures, Suzuki Global Ventures, Porsche Ventures, and Shell Ventures.
Founded in 2013, Bumper addresses the challenge of unforeseen car repair costs, allowing drivers to split expenses like failed MOTs or accident damages into interest-free installments via their dealership or garage. With the new funding, Bumper plans to enhance its BNPL services across Europe and broaden its offerings to dealerships and OEMs. The company has already expanded to Spain, Germany, the Netherlands, and Ireland, with more growth on the horizon.
Bumper boasts partnerships with 5,000 dealerships and garages and collaborates with prominent automotive brands, including Volkswagen, Ford, Nissan, Volvo, Seat, Audi, Skoda, Jaguar Land Rover, and Porsche. Co-founder and CEO James Jackson stated, “A sudden repair bill can hit families hard. We created Bumper to give people control, flexibility, and peace of mind when the unexpected happens.”
Previously, Bumper conducted a £40 million funding round in January last year, having raised approximately $85 million in total.