December 2025 - Fast growing fintech business, Bumper, has secured a £60m facility from Secure Trust Bank Commercial Finance (STB CF), supporting the car repair finance platform's rapid growth across Europe.
Founded in 2014 by James Jackson and Jack Allman, Bumper provides 'Buy Now Pay Later' consumer finance solutions in the automotive industry, funding the cost of vehicle repairs, services, parts and accessories.
Since its inception, Bumper has experienced strong demand for its services and has provided some of Europe's leading car dealership groups with a complete digital payment platform to cover any payments needed. To support this growth, the business has expanded across Europe in Barcelona, Dublin and Frankfurt, along with a technology hub in Ankara. The team also recently moved its headquarters to Sheffield, while maintaining significant operations in London.
To support this rapid expansion, Bumper initially secured a £10m facility from STB CF in March 2021. As the business has grown, the facility has expanded alongside it to accommodate organic growth, now reaching a total limit of £60m following the latest funding injection.
Since then, Bumper has been on the acquisition trail to further expand its service offering. In November 2024, Bumper completed its first acquisition with AutoBI, a specialist provider of business intelligence tools for car retailers and OEMs. In May of this year, it acquired Cocoon Payments, a provider of a digital payments platform to the car retailing sector. Both have helped to enhance Bumper's existing platform with increased insights and market share of the sector.
The latest funding injection will support the continued growth of Bumper's PayLater product, which enables motorists to split their car repair and servicing bills into more manageable monthly instalments.
James Jackson, CEO and co-founder of Bumper, said: "Bumper was set up with a clear mission to modernise the automotive industry, providing consumers with more flexibility when it comes to costly repairs. In just over ten years we've accomplished far more than we could have imagined, becoming a top choice for consumers and partnering with some of Europe's leading dealerships to help thousands of drivers access and afford essential maintenance for their cars.
"As we grew, we sought a funding partner that aligned with our vision and could support our growth with both capital and flexibility. We found this in Jeremy and the team at Secure Trust Bank. Straight from the off, the team has provided us with the flexibility and headroom we needed to continue expanding our presence. We look forward to further growing the reach of our PayLater product and helping more drivers get back on the road."
Jeremy Uphill, head of portfolio at Secure Trust Bank Commercial Finance, added: "When we first met James, Jack and the team back in 2021, it was immediately apparent that Bumper was a fast-growing, high-potential business which, with the right funding, would only go from strength to strength. Over the last five years, we've been able to continue supporting the team, increasing their facility to accommodate further investments, acquisitions and, ultimately, grow the business across Europe. This latest facility increase is testament to our enduring relationship with the Bumper team, and I can't wait to see what the team do next."