Vehicle repair payments provider secures further funding
Vehicle repair payments solutions provider Bumper has secured a £2m investment from London-based Salica Investments.
Following backing earlier this year from Suzuki Global Investments and Marubeni Ventures, the additional support will fund further growth.
Bumper, which helps gets motorists back on the road by splitting their repair bills into three interest-free instalments, has recently marked its millionth customer and has also been recognised as one of the fastest growing European start-ups in 2024 in the Sifted 250 rankings.
James Jackson, Bumper co-founder and chief executive, said: “Attracting high profile investors of the calibre of Salicia Investments vindicates our approach to delivering a seamless digital payments platform for dealers in the UK and across Europe. This year Bumper will facilitate £300m worth of car repairs and empower us to achieve the ambitious growth plans we have set for 2025.”
Jemma Bruton, managing director of Salica Investments, said:
“We are delighted to support Bumper, a highly successful fintech which is transforming the way car repairs are paid for through its pioneering digital solutions. This investment underscores our confidence in the business, its leadership and its growth potential.”
