British BNPL scale-up, Bumper from Sheffield, is one of the fintechs which illustrate that targeting specific niche pain points (unexpected car repair bills) can be as successful as taking a generalized approach to financial services.
Bumper, a UK-based BNPL platform for car servicing and repairs, has secured an additional €9.4 million in Series B funding to expand across Europe and broaden its offerings for dealers and OEMs.
Led by Autotech Ventures with backing from major automotive investors including Jaguar Land Rover’s InMotion Ventures, Suzuki Global Ventures, Porsche Ventures, and Shell Ventures, the fresh investment round supports Bumper’s growth through acquisitions, new product launches, and a refreshed brand.
Founded in 2013, Bumper serves over 5,000 dealerships and works with leading automotive brands, enabling customers to split repair costs into interest-free payments. The company is now profitable and aims to exceed €1 billion GMV in 2025.
The scale-up addresses the challenge of unexpected repair costs, resulting from car part failures or accidents, allowing customers to split bills into manageable, interest-free payments directly through dealerships and garages. Approximately six out of ten UK drivers face at least one unexpected repair bill for their main vehicle each year. Over one-third (37%) of those incurring such costs struggle to cover the needed repair, especially in a single payment.
On average, car surprise bills cost vehicle owners around £617 annually, but they may also reach £500 each. Therefore, half of UK drivers delay fixing car issues because of rising costs, even though 40% of them worry it might cause a vehicle breakdown. Thus, the issue of sudden car repairs impacts not only a separate household’s budget but also overall road safety.
Besides flexible payments for individual car owners, Bumper has expanded its offering with business solutions. Recent acquisitions, including AutoBI and Cocoon Payments, have enabled the launch of Bumper Pro, a suite of B2B tools designed to help dealerships cut transaction fees, streamline payment processes, and improve operational visibility.
