Bumper Secures FCA Authorisation for Consumer Credit Lending

Bumper International Limited, the automotive payments orchestration platform and leading provider of interest-free car repair financing, is now authorised and regulated by the Financial Conduct Authority (FCA) with permissions for consumer credit lending in the UK.

The authorisation represents a major milestone for Bumper as it expands its mission to make car ownership more flexible and affordable, enabling the development of longer-term credit products to complement its flagship Buy Now, Pay Later (BNPL) product.

Building on its new permissions, Bumper’s PayLater offering will be joined by PayLonger, which will allow customers to spread larger car repair bills over a longer period.

The announcement also comes at a pivotal time as the UK BNPL industry moves towards formal regulation, positioning Bumper ahead of the upcoming sector-wide requirements.

James Jackson, CEO at Bumper, said: “Securing FCA authorisation not only reinforces our commitment to responsible lending and consumer protection, but unlocks exciting new opportunities for Bumper – particularly the ability to develop longer-term credit products that offer greater flexibility and affordability for customers facing substantial repair bills.

“This is a milestone moment for Bumper as we look to launch our PayLonger product, continuing to accelerate our growth and empowering our dealership partners to deliver even better support to their customers.”