Funding Deal Unveiled
The fintech firm Bumper, which is expanding at a very fast pace, has been able to obtain a funding facility worth £60 million from Secure Trust Bank Commercial Finance (STB CF) to aid its rapid enlargement all over Europe. This considerable funding will allow Bumper to not only enhance its “Buy Now Pay Later” (BNPL) car repair finance product but also to further its market reach in many European cities that are considered to be of great importance.
About Bumper and Its Services
Bumper is a financial technology startup that started its journey in 2014 with the collaboration of James Jackson and Jack Allman. The firm focuses on creating consumer finance products specifically for the after-sales market of cars. The platform allows car owners to pay for their repairs, maintenance, parts, and accessories over time, which thus ultimately makes it easier for them to manage these costs that are essential to their vehicles’ well-being.
Bumper’s services are all online and are trusted by the biggest car dealer groups in Europe. Customers are able to choose from various payment options that make dealing with the unexpected repair or regular maintenance of their vehicles less burdensome financially.
Growth and European Expansion
Bumper’s products and services have been in great demand which has led the company to expand into new markets apart from the UK. The company has set up its business in Barcelona, Dublin, and Frankfurt and also has a technology center in Ankara. Besides this, Bumper has recently shifted its global HQ to Sheffield but still has a considerable presence in London.
Funding History with Secure Trust Bank
The association of Bumper and Secure Trust Bank Commercial Finance had its genesis in March of the year 2021 when Bumper at first got a £10 million credit facility for the purpose of its initial growth. During the whole process of the company growing, the facility amount was increased step-by-step. The most recent financing round has raised the total line of credit to £60 million, which gives the company more space for continuous growth.
Strategic Acquisitions
In order to expand its product range and strengthen its foothold in the automobile finance area, Bumper has also made some acquisitions that are in line with its strategy. The acquisition of AutoBI, a supplier of business intelligence tools for car dealerships and OEMs, was finalized in November 2024. The next acquisition was that of the digital payment company Cocoon Payments, which took place in May 2025. The total of these transactions has been very positive for Bumper by reinforcing its tech and market share.
Statements from Leadership
James Jackson, CEO and co-founder of Bumper, mentioned that the company’s mission is to transform automotive finance by providing consumers with better payment options for necessary car services. He appreciated Secure Trust Bank for offering the required funding flexibility to support the company’s expansion and new product development.
Jeremy Uphill, the head of the portfolio at Secure Trust Bank Commercial Finance, pointed out his team’s long-standing conviction in Bumper’s growth potential. He added that the enlarged facility is a testament to the strong partnership and the belief in Bumper’s future performance.
