The company's unique proposition allows drivers to split their car repair bills into interest-free payments, facilitating easier and more efficient payment solutions. This service not only benefits car owners but also enables dealerships and garages to offer digital payment options, enhancing their business and profitability.

The investment round was spearheaded by Autotech Ventures and included contributions from Shell Ventures, InMotion Ventures (JLR's venture arm), Porsche Ventures, and Revo Capital. With this latest round, Bumper's total funding to date reaches $64 million / €61 million / £53 million.

Bumper plans to use the new capital to expand its reach and technology, aspiring to become the leading payment platform for car dealers across Europe, particularly in the UK, Spain, Germany, the Netherlands, and Ireland. Already collaborating with 5,000 dealers, Bumper has facilitated flexible payments for over 250,000 repairs in the past year. The company aims to continue doubling this figure annually.

Headquartered in Sheffield, with additional offices in London and Ankara, Bumper boasts a client base that includes many of the world's top automotive brands like Volvo, Ford, Nissan, VW Group, JLR, and Porsche.

Bumper's comprehensive range of digital and physical payment options, including open banking, card payments, and in-dealership terminals, seamlessly integrates into dealers' existing systems. The company's high customer satisfaction, evidenced by over 23,000 reviews with a 4.9/5 rating on Trustpilot, underscores its reputation as a reliable and beneficial partner for dealers and customers alike.

The funding announcement comes amid a period of significant growth for Bumper, marked by a 100% year-on-year increase in Gross Merchandise Value (GMV) and an 80% rise in customer numbers over the last year.

James Jackson, Co-founder and CEO of Bumper, stated: “We aim to be the dominant payment platform for car dealers across Europe. Our solution offers unparalleled flexibility in payments for car repairs, which is crucial during times of economic pressure such as high inflation and rising living costs. We’re proud of our growth journey and the investment from InMotion Ventures and Porsche is a testament to our success. We’re just getting started and are committed to expanding our services to more European customers.”

Alexei Andreev, Managing Director of Autotech Ventures, remarked: “Bumper stands out as an innovative leader in the automotive sector. The company ensures customers can afford repairs promptly, enhancing both efficiency and profitability. We're excited to continue supporting Bumper’s ambitious growth.”

Mike Smeed of InMotion Ventures commented: “Flexibility is key in modern luxury, and we recognise the importance of offering JLR clients the option to spread repair costs. Congratulations to Bumper on this new investment round. Their standout performance in a competitive market is why we are proud to support their growth across Europe.”