BNPL aftersales specialist set for Bumper success following £10m facility
Summary
Bumper, based in London, is Europes ninth fastest-growing fintech company according to the Financial Times and offers Buy-Now-Pay-Later (BNPL) and PayNow products to finance vehicle repairs, servicing, add-ons, accessories and automotive works. Founded in 2013, Bumper now has more than 2,500 franchised dealers, including Vertu, Sytner and Lookers, and 650 garages across the UK and Ireland signed up to use the service. The firms exponential growth follows a significant increase in dealership partners, with more than 60 per cent of the franchised market in the UK now using the platform, and the growing public awareness of BNPL. The initial facility will be used to support growth in the loan book and ensure Bumper can continue to help UK drivers spread the cost of their repair bills. "The combination of its superb customer base, the knowledge and drive of the management team and this initial funding means theres no doubt Bumper will growth exponentially in the coming years.