Bumper secures £60m funding facility from Secure Trust Bank Commercial Finance

Fast-growing fintech Bumper has secured a £60m funding facility from Secure Trust Bank Commercial Finance (STB CF) to support its continued expansion across Europe and the rapid growth of its car repair finance platform.

Founded in 2014 by James Jackson and Jack Allman, Bumper provides buy now, pay later (BNPL) finance solutions tailored to the automotive sector, enabling consumers to spread the cost of vehicle repairs, servicing, parts and accessories through flexible monthly instalments.

The business has seen strong demand since launch and now works with some of Europe’s leading car dealership groups, offering a fully digital payments platform to manage a wide range of automotive transactions. To support this growth, Bumper has expanded its footprint across Europe, with operations in Barcelona, Dublin and Frankfurt, alongside a technology hub in Ankara. The company recently relocated its headquarters to Sheffield, while maintaining a significant presence in London.

Bumper first secured a £10m facility from STB CF in March 2021. As the business scaled, the facility grew in line with demand and has now increased to a total limit of £60m following the latest funding injection.

Alongside organic growth, Bumper has pursued a targeted acquisition strategy to broaden its offering. In November 2024, it completed its first acquisition with AutoBI, a specialist provider of business intelligence tools for car retailers and OEMs. This was followed in May 2025 by the acquisition of Cocoon Payments, a digital payments platform for the car retail sector. Both acquisitions have strengthened Bumper’s platform through enhanced data insights and increased market share.

The expanded facility will be used to accelerate the growth of Bumper’s PayLater product, which allows motorists to split the cost of car repairs and servicing into more affordable 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.”