British scale-up Bumper, a leading Buy Now, Pay Later (BNPL) platform for car servicing and repairs, has raised a Series B extension €9.4 million in equity investment to scale its service for drivers across Europe, while expanding its offering to dealers and OEMs through recent acquisitions and new product launches.
The round was led by Autotech Ventures, with strong support from automotive and mobility investors including Jaguar Land Rover’s InMotion Ventures, Suzuki Global Ventures, Porsche Ventures and Shell Ventures.
“A sudden repair bill can hit families hard,” said James Jackson, Co-founder and CEO of Bumper. “We created Bumper to give people control, flexibility and peace of mind when the unexpected happens. Over 1.5 million drivers have now used our platform to keep their cars on the road without breaking the bank.”
Founded in 2013, Bumper was built to tackle one of the biggest pain points in motoring: unexpected repair bills. Whether it’s a failed MOT or accident damage, many drivers face bills of €500 or more with no warning. Bumper lets customers split these costs into manageable, interest-free payments directly through their dealership or garage.
Bumper is live in over 5,000 dealerships and garages and works with many of the world’s largest automotive brands including Volkswagen, Ford, Nissan, Volvo, Seat, Audi, Skoda, Jaguar Land Rover and Porsche.
“We’re building out from our consumer BNPL roots into a full-stack platform for automotive retail,” added Jackson. “By owning more of the payments stack and delivering software solutions to dealers, we can improve margins, simplify operations and support the future of mobility retail.”
The company is now reportedly operationally profitable, and on track to exceed €1 billion in GMV in 2025, up from €348 million last year.
The announcement comes as Bumper marks its tenth anniversary with a refreshed brand identity and newly launched website.
Kaihei Takagi, Director of Suzuki Global Ventures said: “We are very excited to continue supporting Bumper’s growth, following our initial investment, in this Series B extension. As a result of Bumper’s proactive M&A growth strategy, we have been able to engage in broader strategic discussions beyond just BNPL, including areas of potential collaboration with Suzuki Motor Corporation. We look forward to deepening these strategic conversations and supporting Bumper’s continued expansion across Europe, Japan and other regions.”
While BNPL remains the core of Bumper’s consumer proposition, the company is expanding into adjacent payment and software services through a targeted M&A strategy:
- In October 2024, Bumper acquired AutoBI, a real-time business intelligence platform for car retailers and OEMs.
- In May this year, this was followed by the acquisition of Cocoon Payments, a white-label solution to help dealerships streamline digital payment processes.
These acquisitions underpin the launch of Bumper Pro, a new suite of B2B tools for dealerships and OEMs. Bumper Pro allegedly helps automotive retailers reduce card transaction fees, automate workflows, and gain clearer visibility into sales and aftersales performance – building on Bumper’s payments infrastructure and deep industry integrations.
Tony Rimas, Venture Partner of Autotech Ventures, said: “We first invested in Bumper in 2021, attracted by its industry BNPL product and penetration in the UK dealer sector. Since then we have been impressed by its remarkable revenue growth in the UK and across Europe, its expanded portfolio of payment solutions and the team’s ability to execute on its ambitious plans.
“We’re delighted to support the next phase of Bumper’s growth and are particularly excited by the opportunities presented by its acquisition of AutoBI and Cocoon Payments and the rollout of the game-changing Bumper Pro platform.”
