Bumper, a UK-based BNPL financing provider for vehicle repairs, raised GBP 26.1 million (~USD 32 million) in an extended Series A funding round. The funding comprises a GBP 20 million (~USD 24 million) debt facility from Secure Trust Bank Commercial Finance and an equity investment from venture capital partners Autotech Ventures, ITOCHU, Revo Capital, and InMotion Ventures (Jaguar Land Rover's investment arm). This extension brings Bumper's total Series A funding to GBP 36.6 million (USD 45 million), following the initial Series A funding round in December 2021.

Bumper intends 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 intends to pursue its R&D initiatives in Turkey.

Analyst QuickTake : As of December 2021, Bumper was used by nearly 60% of the franchised UK dealer market (3,000+ locations), and it had partnered with leading OEMs including Volkswagen Group, Ford, Jaguar Land Rover, and Nissan. The investment from InMotion Ventures only validates its product focus as it continues its European expansion.