Bumper Raises $48 Million in Series B Funding
Bumper, a fintech company that enables flexible payments for car repairs, has announced the completion of a $48 million Series B fundraise. The funding round was led by Autotech Ventures, with investment from Shell Ventures, JLR's InMotion Ventures, Porsche Ventures, and Revo Capital. Bumper is one of the fastest-growing fintechs in Europe, with clients including Volvo, Ford, Nissan, VW, Seat, Skoda, Audi, JLR, and Porsche. It has grown GMV 100% YoY consistently for the last few years and has processed over 500,000 car repairs across Europe.
Bumper helps drivers split repair bills into interest-free payments, allowing them to keep their cars on the road.
It provides a more efficient and flexible way for car owners to cover the cost of repairs or servicing, while also enabling dealerships and garages to offer digital payment methods to their customers. The new funding will be used to expand Bumper's reach and technology as it aims to become the dominant payment platform for car dealers across Europe.
Bumper currently operates through 5,000 dealers and has provided flexible payments for over 250,000 repairs in the past year alone. The company plans to double that number each year. With clients such as Volvo, Ford, Nissan, VW Group, JLR, and Porsche, Bumper offers a suite of digital and physical payment options that integrate fully into dealers' existing infrastructure. It has received extremely positive customer reviews and has built a track record as a trusted partner.
They've invested in Bumper
Get to know these Fintech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Autotech Ventures | 2 investment(s) investment(s) | 8 contacts contacts | |||
2 |  Shell Ventures | 1 investment(s) investment(s) | more info | |||
3 |  JLRs InMotion Ventures | 1 investment(s) investment(s) | more info | |||
4 |  Porsche Ventures | 1 investment(s) investment(s) | more info | |||
5 |  Revo Capital | 1 investment(s) investment(s) | more info |
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