Bumper has obtained a £2 million funding from Salica Investments.
That is the primary funding from London-based Salica. Buyers from earlier this 12 months embrace Suzuki International Investments and Marubeni Ventures.
James Jackson, Co-Founder and CEO, mentioned: “Attracting excessive profile buyers of the calibre of Salicia Investments vindicates our strategy to delivering a seamless digital funds platform for sellers within the UK and throughout Europe.
“This 12 months Bumper will facilitate £300m value of automobile repairs, with a million clients having now used our providers to fund over £0.7bn value of aftersales payments.
“Salicia’s investment will empower us to achieve the ambitious growth plans we have set for 2025.”
The enterprise additionally marks its millionth buyer utilizing its digital cost platform.
Bumper additionally lately introduced its first acquisition – AutoBI, the supplier of enterprise intelligence instruments for automobile retailers.
Jemma Bruton, MD of Salica Investments, mentioned: “We’re delighted to assist Bumper, a extremely profitable fintech which is remodeling the way in which automobile repairs are paid for by way of its pioneering digital options.
“This investment underscores our confidence in the business, its leadership and its growth potential.”
