Bumper raises £8m Series B extension led by Autotech Ventures to expand BNPL car repair platform

Bumper, the leading Buy Now, Pay Later (BNPL) platform for car servicing and repairs, has raised an additional £8m in equity investment.

The round was led by Autotech Ventures, with strong support from top-tier automotive and mobility investors including Jaguar Land Rover’s InMotion Ventures, Suzuki Global Ventures, Porsche Ventures and Shell Ventures.

Bumper will use the funding to scale its BNPL service for drivers across Europe, while expanding its offering to dealers and OEMs through recent acquisitions and new product launches. The company is now operationally profitable, and on track to exceed £1 billion in GMV in 2025, up from £300 million last year.

The announcement comes as Bumper marks its tenth anniversary with a refreshed brand identity and newly launched website.

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 now 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.

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 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.

A sudden repair bill can hit families hard. 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. We’re building out from our consumer BNPL roots into a full-stack platform for automotive retail. 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.

James Jackson, Co-founder & CEO

We first invested in Bumper in 2021, attracted by its industry leading buy now, pay later (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.

Tony Rimas, Partner of Autotech Ventures

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 Buy Now, Pay Later (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.

Kaihei Takagi, Director of Suzuki Global Ventures

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