2 years ago

Bumper Secures £40 Million to Expand BNPL Car Repair Services Across Europe

  • Bumper, a UK-based fintech company offering buy now pay later (BNPL) options for car repairs, has raised £40 million in a Series B funding round

  • The round was led by Autotech Ventures, with participation from Porsche Ventures, InMotion Ventures, Shell Ventures, and Revo Capital

  • The funding will support Bumper's expansion across Europe and further development of its technology

  • Bumper partners with garages and dealerships, including major brands like Volvo, Ford, and Nissan, to provide customers with flexible payment options for car repairs.

      • ProblemFinancial Services

      "Car repairs are expensive and can be a financial burden for many people, especially during times of high inflation and rising costs."

      Solution

      "Bumper offers a buy now pay later (BNPL) solution for car repairs, allowing customers to spread the cost of repairs into interest-free payments. This makes car repairs more affordable and accessible for a wider range of people."

      Covered on