A Sheffield-based buy now, pay later (BNPL) platform for car servicing and repairs, has raised an additional £8.1m in equity investment to scale its service for drivers across Europe.
The funding comes as Bumper marks its 10th anniversary with a refreshed brand identity and newly launched website.
The company is now operationally profitable and on track to exceed £1bn in GMV in 2025 – up from £300m last year.
Autotech Ventures led the round, which also saw strong support from automotive and mobility investors including Jaguar Land Rover’s InMotion Ventures, Suzuki Global Ventures, Porsche Ventures and Shell Ventures.
Founded in 2013, Bumper was built to tackle unexpected repair bills.
Whether it’s a failed MOT or accident damage, many drivers face bills of £500 or more with no warning.
The company allows customers to split these costs into manageable, interest-free payments directly through their dealership or garage.
“A sudden repair bill can hit families hard,” said James Jackson, co-founder and CEO of Bumper.
“We created Bumper to give people control, flexibility and peace of mind when the unexpected happens.
“Over 1.5m drivers have now used our platform to keep their cars on the road without breaking the bank.”
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Bumper is now live in over 5,000 dealerships and garages and works with many of the world’s largest automotive brands, including Volkswagen, Ford, Nissan, Volvo, Seat, Audi, Skoda, Jaguar Land Rover and Porsche.
The business is also expanding into adjacent payment and software services through a targeted M&A strategy.
In October 2024, it acquired AutoBI, a real-time business intelligence platform for car retailers and OEMs, which was then followed by the acquisition of Cocoon Payments, a white-label solution to help dealerships streamline digital payment processes.
These acquisitions underpin the launch of Bumper Pro – a new suite of B2B tools for dealerships and OEMs.
This will aim to help automotive retailers reduce card transaction fees, automate workflows and gain clearer visibility into sales and aftersales performance.
Tony Rimas, venture partner of Autotech Ventures, added: “We first invested in Bumper in 2021, attracted by its industry leading buy now, pay later (BNPL) product and penetration in the UK dealer sector.
“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.
“We’re delighted to support the next phase of Bumper’s growth and are particularly excited by the opportunities presented by its acquisition of AutoBI and Cocoon Payments and the rollout of the game-changing Bumper Pro platform.”
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