Bumper’s $48m Series B fuels UK fintech revolution – FinTech Futures!

In a Series B funding round, UK fintech Bumper has raised $48 million to support its growth. Bumper offers flexible payment options for car repairs, allowing customers to split their bills into interest-free payments. The funding round was led by Autotech Ventures and included participation from Shell Ventures, JLR’s InMotion Ventures, Porsche Ventures, and Revo Capital. This brings Bumper’s total funding to $64 million. The fintech plans to use the funding to expand across Europe, with a focus on the UK, Spain, Germany, the Netherlands, and Ireland. Bumper currently works with major car companies including Volvo, Ford, Nissan, VW, JLR, and Porsche. The company has experienced strong growth in recent years, with a 100% year-on-year increase in gross merchandise value and an 80% increase in customer numbers over the past 12 months.