Bumper (company)
 | |
| Company type | Private company |
|---|---|
| Industry | Software |
| Founded | 2013 |
| Founder | James Jackson Jack Allman |
| Headquarters | , United Kingdom |
| Products | Car finance |
| Website | bumper |
Bumper is a British financial technology company based in Sheffield, England.[1] It provides a digital payment platform to car dealerships that provides car financing for repairs.[1][2]
History
[edit]Bumper was founded in 2013 by James Jackson and Jack Allman as Auto Service Finance.[1][3]
In 2021, Bumper expanded its operations to Ireland and later to Germany and Spain in 2022.[4]
In 2022, Bumper moved its headquarters from London to Sheffield.[1]
In 2021, it received £9 million from Autotech Ventures, Porsche Ventures, and Jaguar Land Rover's InMotion Ventures.[5] In 2024, Bumper received further investment of £40 million from multiple investors, including Shell Ventures, Jaguar Land Rover's InMotion Ventures, and Porsche Ventures.[6]
Locations
[edit]Bumper is headquartered in Sheffield, South Yorkshire, England. It has additional offices in London and Ankara.[6]
Platform
[edit]Bumper provides a digital payment platform to car dealerships to facilitate transactions related to car repairs which includes open banking.[1] With open banking, customers can pay their bill directly from their account to the garage's account.[4] It's like a bank transfer but you don't need to enter their bank details, you get a notification in your online banking app and approve the payment from there.[4]
A user can receive detailed invoices for repair work, which include options to pay in full or through an interest-free installment plan, similar to other buy now, pay later services.[1][6]
References
[edit]- ^ a b c d e f Mulla, Ismail (22 July 2022). "Meet the fintech looking to become a tech unicorn that has just moved from London to Sheffield". Yorkshire Post.
- ^ Boratyn, Kris (February 6, 2023). "UK motorists pay £1billion annually due to damage caused by potholes". Express.co.uk.
- ^ Gibbs, Nick (13 January 2022). "How Bumper offers simple alternative to unexpected repair costs". Autocar.
- ^ a b c Bowman, John (April 4, 2023). "Bumper celebrates massive revenue increases". CarDealer Magazine.
- ^ Field, Matthew (December 12, 2021). "Jaguar and Porsche back pay-later app for car repairs" – via Daily Telegraph.
- ^ a b c Crossland, Michael (4 January 2024). "Sheffield fintech firm Bumper looks to accelerate growth after £40m funding round". Yorkshire Post.
