Bumper raises £40m in Series B funding led by Autotech Ventures to expand across Europe.
The financing round was led by Autotech Ventures to accelerate the firm expansion across European markets.
Bumper provides buy now, pay later financing for vehicle repairs and maintenance. The company operates a digital platform connecting drivers with car dealerships and garages across Europe.
Bumper has secured a £40m Series B investment to accelerate its international expansion and technology development. The financing round was led by Autotech Ventures, with additional participation from Shell Ventures, InMotion Ventures, Porsche Ventures, and Revo Capital.
The firm plans to deploy the capital to broaden its market presence across several European countries, cementing its position as a primary payment provider for automotive retailers. This funding follows a period of robust growth characterised by substantial increases in gross merchandise value and transaction volumes.
The company currently collaborates with thousands of dealerships, providing integrated payment options that assist motorists in managing servicing and repair expenses.
From the founder
"We want to be the dominant payment platform for car dealers across Europe. We’ll do it by providing a no-brainer solution, one that gives their customers the ultimate flexibility in making the necessary payments to keep their cars on the road. We are proud of the growth journey we have been on over the last 9 years and the endorsement of investment from InMotion Ventures and Porsche is a hugely positive moment for the business."
James Jackson
Co-Founder and CEO at Bumper
Investor perspective
"Bumper is one of the most innovative and exciting businesses in the global automotive space, enabling dealers to ensure their customers can afford repairs immediately, delivering both efficiency and profitability. Bumper solves a genuine customer need, supporting car owners in times of stress so that they can get back on the road as quickly and efficiently as possible. James, Jack and the team have built a winning business model and we continue to invest to support their ambitious growth plans."
Alexei Andreev
Managing Director, Autotech Ventures
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Alexei Andreev
Autotech Ventures
Shell Ventures
Mike Smeed
InMotion Ventures
Porsche Ventures
Revo Capital
