[Funding alert] Fintech Startup Bumper Raises $48 million Series B Funding Round
Jan 5, 2024 | By Startuprise
![In order to speed its growth, Bumper, a fintech company that allows for adaptable payments for auto repairs, has secured $48 million Series B funding.](https://startuprise.co.uk/wp-content/uploads/2024/01/Fintech-Startup-Bumper-Raises-48-million-Series-B-Funding-Round.webp)
In order to speed its growth, Bumper, a fintech company that allows for adaptable payments for auto repairs, has secured $48 million Series B funding.
More than just money was raised in the most recent fundraising round, which was spearheaded by Autotech Ventures and supported by Shell Ventures, JLR, and Porsche. Essentially, it is a huge endorsement of their goal to become the preferred payment network for dealers worldwide.
Read also - [Funding alert] Belgium-based Radiotherapeutics Company Full-Life Technologies USD $63.3M in Funding
They want to be the dominant payment platform for car dealers across Europe, giving their customers the ultimate flexibility in making the necessary payments to keep their cars on the road.
RECOMMENDED FOR YOU
![recomd](https://startuprise.co.uk/wp-content/uploads/2023/12/Zurich-based-Gen-Z-Recruiting-Startup-CarrerFairy-Secures-E3.5-Million-in-Funding.webp)
[Funding alert] Zurich-based Gen Z Recruiting Startup CareerFairy Secures €3.5 Million in Funding
Startup Rise EU
Dec 19, 2023
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/01/London-based-Detected-Raises-E2.2-Million-in-Funding.webp)
[Funding alert] London-based Detected Raises €2.2 Million in Funding
Startup Rise EU
Jan 15, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/06/Healthcare-Startup-LillianCare-E1.5-Million-in-Extension-Round-Funding.webp)
LillianCare funding news – Healthcare Startup LillianCare €1.5 Million in Extension Round Funding
Startup Rise EU
Jun 21, 2024
"Our journey began with a simple yet powerful idea: to make car repairs less financially burdensome for owners while empowering dealerships with advanced, digital payment solutions to enable those customers to say “yes” to the repairs and upgrades they need. Delivering a product to meet this simple mission has ultimately driven our exponential growth, and the endorsement of investment from JLR’s InMotion Ventures and Porsche Ventures is a hugely positive moment," the startup said in a blog.
Read also - London-based Olsam Group Acquired Dwarfs
They are expanding their reach, targeting key European markets including the UK, Spain, Germany, the Netherlands, and Ireland. While Bumper is already available through 5,000 dealers, enabling more than 250,000 repairs in the past year alone, their goal is to double this number annually.
About Bumper
Bumper is an infrastructure that facilitates payments for automobile dealerships. An improved method of paying for automobile repairs and equipment is being made available by Bumper. This method enables consumers to stretch the expense of their fixes over reasonable payments each month, and there is no interest charged on these payments.
Read also - GLORY to Acquire Flooid
Recommended Stories for You
![story](https://startuprise.co.uk/wp-content/uploads/2024/07/Netherlands-based-Nearfield-Instruments-Raises-E135-Million-in-Landmark-Deep-tech-Funding-.webp)
Nearfield Instruments funding news – Netherlands-based Nearfield Instruments Raises €135 Million in Series C Round Funding
Startup Rise EU Jul 18, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2023/10/Jetson-Raises-15-million-Seed-Round-Funding-for-Personal-eVTOL-Aviation.webp)
[Funding alert] Jetson Raises $15 million Seed Round Funding for Personal eVTOL Aviation
Startup Rise EU Oct 9, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2023/11/Tallinn-based-RAIKU-Secures-E8.8M-in-Funding-.webp)
[Funding alert] Tallinn-based RAIKU Secures €8.8M in Funding
Startup Rise EU Nov 7, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2024/06/Zurich-based-Rivia-Secures-E3-Million-in-Seed-Funding.webp)
Rivia funding news – Zurich-based Rivia Secures €3 Million in Seed Funding
Startup Rise EU Jun 12, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/02/London-based-Didimi-Secures-E880k-in-Pre-Seed-Funding-1.webp)
[Funding alert] London-based Didimi Secures €880k in Pre-Seed Funding
Startup Rise EU Feb 15, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/03/Serial-entrepreneurs-launch-SalesTech-start-up-Dealside.webp)
Serial Entrepreneurs Launch SalesTech Start-Up Dealside
Startup Rise EU Mar 1, 2024