Bumper, a London, UK-based fintech company enabling flexible payments for car repairs, raised $48M in funding.
The round, which brought the total amount to $64M, was led by Autotech Ventures, with investment from Shell Ventures, JLR’s InMotion Ventures, Porsche Ventures and Revo Capital.
The company intends to use the funds to accelerate its growth.
Led by CEO James Jackson, Bumper helps drivers split repair bills into interest-free payments so they can keep their car on the road. It ensures car owners can cover the cost of repairs or servicing in an easier, more efficient and flexible way, while enabling dealerships and garages to provide digital payment methods to their customers, help them win business and drive profitability. It works with over 5,000 dealerships and garages across the UK, Spain, Germany, Netherlands, and Republic of Ireland, helping over 500,000 drivers to pay their servicing and repair bills.
It counts brands in the world as clients, including Volvo, Ford, Nissan, VW Group, and many more, in addition to both JLR and Porsche.
The company is based in London and Sheffield, with a tech development centre in Ankara, Turkey.
FinSMEs
04/01/2024