Bumper

Bumper (formerly Auto Service Finance) provides customers interest-free BNPL solutions for vehicle repairs, accessories and parts through its platform up to GBP 3,000 (approx. USD 4,132)in exchange for a transaction fee from merchants. Bumper uses a machine learning-enabled automotive scorecard to assess credit by accessing dealership APIs to source customer information. Applying for financing through Bumper has no impact on users’ credit scores. 

Key customers and partnerships

As of December 2021, Bumper was used by nearly 60% of the franchised UK dealer market (3,000+ locations), and it has partnered with leading OEMs including Volkswagen Group, Ford, Jaguar Land Rover, and Nissan, and also integrates with repair quotation tools.

Funding and financials

In its most recent funding round in November 2022 , Bumper raised GBP 26.1 million (~USD 32 million) in an extended Series A funding round. It planned to use the funds for the company's operations in key target markets, such as the UK, Spain, Germany, and Ireland, and continuous expansion across Europe. Additionally, the company also intended to pursue its R&D initiatives in Turkey.