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A bargain now, wage aboriginal specializer which helps motorists dispersed the outgo of repairing their cars has landed millions of pounds from the task arms of Jaguar Land Rover, Porsche and different starring automotive groups.
Sky News understands that Bumper, which is based successful London and Sheffield, volition denote aboriginal this week that it has raised $11m (£8.1m) successful an hold to its Series B backing round.
Founded successful 2013 by James Jackson and Jack Allman, Bumper's latest superior injection is besides backed by Suzuki Ventures and Shell Ventures.
The circular was led by Autotech Ventures.
The company, which has seen the fig of motorists it assists soar successful the past year, helps drivers divided repair bills into BNPL interest-free instalments, and says it is present "operationally profitable".
It has expanded to Germany, Ireland, the Netherlands and Spain, and is besides diversifying into different outgo and bundle services done what it describes arsenic "a targeted M&A strategy".
"A abrupt repair measure tin deed families hard," said Mr Jackson, Bumper's main executive.
"We created Bumper to springiness radical control, flexibility and bid of caput erstwhile the unexpected happens.
"Over 1.5 cardinal drivers person present utilized our level to support their cars connected the roadworthy without breaking the bank."
Bumper is disposable arsenic a financing enactment successful much than 5,000 dealerships and garages, and counts car-makers including Audi, Ford, JLR, Nissan and Volkswagen among those with which it works.
Last October, the institution acquired AutoBI, a concern quality level for car retailers and OEMs (original instrumentality manufacturers).
More recently, it bought Cocoon Payments, a white-label solution which helps dealerships streamline integer outgo processes.
"We're gathering retired from our user BNPL roots into a full-stack level for automotive retail," Mr Jackson said.
"By owning much of the payments stack and delivering bundle solutions to dealers, we tin amended margins, simplify operations and enactment the aboriginal of mobility retail."
The valuation astatine which Bumper's caller backing had been raised was unclear connected Wednesday.
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