For Workshops
Accept BNPL
100% payout the next day.
What benefit will I get?
🇨🇾 Cyprus · Seed Round 2026
#1 BNPL platform for auto workshops in Cyprus
0% installments for drivers. Instant payouts for workshops. Attractive investments.
Connect Your Workshop
For Drivers
Repair and rental at 0% installments.
Approval in 90 seconds.
For Investors
Seed Round 2026
€450K · 16-month breakeven.
The Problem
The Problem No One Has Solved
Unexpected Repair Bills
Gearbox, bodywork, engine — €400–3000 unexpected. Customers delay repairs. Workshops lose revenue.
No BNPL in Auto Sector
All of Europe buys electronics in installments. Cyprus auto service still runs on 100% upfront cash.
The Solution
Installment Approval in 2 Minutes. Via QR.
01
QR at Checkout
Customer scans QR at the workshop terminal. No app download required.
02
90-sec Scoring
Artemis DB + Open Banking API. Predicted NPL ≤4% with local data.
03
Instant Approval
Service received immediately. 4 equal payments, 0% interest.
04
Next-Day Payout
Merchant receives 100% minus 4–5% commission the following day.
Workshop gets the client & full payment ·Customer gets the service without budget stress
Market
€320M Market. Zero Competitors.
TAM €320M
All Cyprus auto services
SAM €90M
Cashless, fintech-ready segment
SOM €18M
DrivePay target · 3 years · 20% of SAM
0K+
Active vehicles in Cyprus
0 €
Average repair check
0
Competitors in the niche
0.0%
Merchant commission
Why Now
Bumper Proved the Model. Cyprus Is Free.
- 2013Founded in UK. Same idea. Year 1: ~1.5% SAM.
- 2021First major round. Expansion beyond UK.
- 2023$48M Series B. GMV £300M. 70% of UK dealer market.
- 2025€1B+ GMV. Profitable. 1.5M drivers served.
- 2026DrivePay enters Cyprus. Window is open.
| Feature | Bumper | Sunbit | DrivePay |
|---|---|---|---|
| Auto vertical | ✓ | ~ | ✓ |
| QR offline checkout | ~ | ✓ | ✓ |
| Car Rental BNPL | ✗ | ✗ | ✓ |
| Cyprus / Mediterranean | ✗ | ✗ | ✓ |
| Local scoring (Artemis) | ✗ | ✗ | ✓ |
Bumper announced expansion to Japan and other regions — but not Cyprus. The island is too small for their enterprise approach, but perfect for a vertical startup with local data and Car Rental coverage Bumper doesn't touch.
Financials
€450K Seed Round · 16-Month Breakeven
Use of Funds
Credit Pool€200,000 · 44%
Development & IT€120,000 · 27%
Marketing & Sales€80,000 · 18%
Legal & Compliance€50,000 · 11%
Net Profit Forecast (€K)
Revenue Y3: ~€3.2M at 4.5% commission on €71M GMV
16 months Breakeven
38.5% ROI Year 3
€1.45M Net Profit Y3
≤4% NPL Forecast
SOM Ramp
Realistic Market Capture — Validated by Bumper
| Year | % of SAM | GMV | Key Milestone | Bumper Benchmark |
|---|---|---|---|---|
| Y1 2026 | ~1.5% | €1.4M | 150 workshops + pilot rental | Bumper Y1: ~1.5% |
| Y2 2027 | ~7% | €6.5M | Open Banking, scale | Bumper Y2–3: 5–8% |
| Y3 2028 | ~20% | €18M | Market leader · Series A | Bumper Y5: ~25% |
Roadmap
From MVP to Market Leader in 18 Months
Q3 2026
MVP Launch
EMI license · QR module · Pilot 10 workshops in Limassol
Q4 2026
B2B Scale
150 workshops · 30 car rentals · Open Banking integration
Q1 2027
Breakeven
Break-even point · Expand to tuning & used cars
Q3 2027
Series A
Enter Greece & Malta · Replicate model
Ready to Talk?
Reach out directly on Telegram or LinkedIn — we'll share the full investment memo and financial model.