4 years ago

Car Repair BNPL Startup Bumper Secures $12 Million Series A Funding

  • UK-based car repair BNPL startup Bumper has raised $12 million in a Series A funding round led by Autotech Ventures, with participation from Porsche Ventures and Jaguar Land Rover's fund InMotion Ventures

  • The funding will be used to fuel Bumper's expansion into new European markets, bolster its employee headcount, and increase marketing efforts

  • Bumper plans to launch a consumer app in the UK by January 2022 to help consumers with payments for congestion charges, parking, tolls, and repair work.

      • ProblemFinancial Services

      "Unexpected car repairs can be a significant financial burden for many people, leading to difficult choices or delayed maintenance."

      Solution

      "Bumper provides a buy now pay later (BNPL) platform specifically for car repairs, allowing consumers to spread the cost of necessary repairs into manageable installments, making car maintenance more affordable and accessible."

      Covered on