A purchase specialist now, pay a specialist later who helps motorists to spread the cost of repairing their cars has won millions of books from Jaguar Land Rover, Porsche and other leading car groups.
Sky News understands that Bumper, who is based in London and Sheffield, will later announce this week that he made it possible to collect $ 11 million (8.1 million pounds sterling) in an extension of his series of financing in series B.
Founded in 2013 by James Jackson and Jack Allman, the latest Bumper capital injection is also supported by Suzuki Ventures and Shell Ventures.
The Tour was led by Autotech Ventures.
The company, which has seen the number of motorists it helps to set up in the past year, helps drivers to distribute repair invoices in BNPL interest -free payments and says it is now “operational”.
It has extended to Germany, Ireland, the Netherlands and Spain, and is also diversifying in other payment and software services thanks to what it describes as “a strategy of targeted mergers and acquisitions”.
“A sudden repair bill can hit families hard,” said Jackson, managing director of Bumper.
“We have created a bumper to give people control, flexibility and peace of mind when the unexpected occurs.
“Over 1.5 million drivers have now used our platform to keep their cars on the road without breaking the bank.”
The bumper is available as a financing option in more than 5,000 dealers and garages, and has car manufacturers, including Audi, Ford, JLR, Nissan and Volkswagen among those with which it works.
Last October, the company acquired Autobi, a business intelligence platform for car retailers and OEMs (manufacturers of original equipment).
More recently, he bought Cocoon Payments, a white brand solution that helps dealers to rationalize digital payment processes.
“We are building from our BNPL roots to consumption in a complete automotive retail platform,” said Jackson.
“By having more payment payments and providing software solutions to dealers, we can improve margins, simplify operations and support the future of mobility retail.”
The evaluation to which the new financing of the bumper had been lifted was not clear on Wednesday.