Bumper (company)

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]

Bumper
Company typePrivate company
IndustrySoftware
Founded2013 (2013)
FounderJames Jackson
Jack Allman
Headquarters
Sheffield
,
United Kingdom
ProductsCar finance
Websitebumper.co

History

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

Bumper is headquartered in Sheffield, South Yorkshire, England. It has additional offices in London and Ankara.[6]

Platform

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
  1. Mulla, Ismail (22 July 2022). "Meet the fintech looking to become a tech unicorn that has just moved from London to Sheffield". Yorkshire Post.
  2. Boratyn, Kris (February 6, 2023). "UK motorists pay £1billion annually due to damage caused by potholes". Express.co.uk.
  3. Gibbs, Nick (13 January 2022). "How Bumper offers simple alternative to unexpected repair costs". Autocar.
  4. Bowman, John (April 4, 2023). "Bumper celebrates massive revenue increases". CarDealer Magazine.
  5. Field, Matthew (December 12, 2021). "Jaguar and Porsche back pay-later app for car repairs" – via Daily Telegraph.
  6. Crossland, Michael (4 January 2024). "Sheffield fintech firm Bumper looks to accelerate growth after £40m funding round". Yorkshire Post.
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