Bumper, the automotive fintech providing digital payment services for car repairs, has attracted a £2 million investment from Salica Investments.
This is the first investment from London-based Salica and follows funding earlier this year from Suzuki Global Investments and Marubeni Ventures.
The additional funding comes at an important time for the business as it marks the millionth customer using its digital payment platform and its first acquisition, with the recent purchase of AutoBI, the provider of business intelligence tools for car retailers.
Bumper has also been recognised as one of the fastest growing European startups in 2024 in the newly published Sifted 250 rankings.
James Jackson, 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, with one million customers having now used our services to fund over £0.7bn worth of aftersales bills.
“Salicia’s investment will 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.”
