3 years ago

Bumper Secures £26.1 Million to Expand Vehicle Repair BNPL Services Across Europe

  • Automotive BNPL startup Bumper has raised £26.1 million in a Series A extension round to support its European expansion

  • The round included debt financing from Secure Trust Bank Commercial Finance and equity investments from Autotech Ventures, ITOCHU, Revo Capital, and Jaguar Land Rover's investment arm, InMotion Ventures

  • Bumper offers interest-free installment plans for vehicle repairs and services, aiming to provide affordable options during the cost-of-living crisis.

      • ProblemAutomotive

      "making it difficult for drivers to pay for vehicle repairs all at once due to high costs and financial burdens"

      Solution

      "a BNPL model allowing customers to spread the cost of vehicle repairs into interest-free monthly instalments"

      Covered on