BUMPER, which provides an interest-free digital payment platform for vehicle repairs and services, has been named by the Financial Times as one of the top 25 fastest growing FinTechs in Europe.
In the newly published FT1000 list of Europe’s fastest growing companies, Bumper ranked 21 in the FinTech sector. This is the second consecutive year the business has been ranked in the listings.
To qualify companies must be independent, with a revenue of at least €1.5m (£1.2m) in 2017; growth is calculated on revenue generated in the last five years, resulting in a compound annual growth rate.
James Jackson, Bumper’s Chief Executive and co-founder, said: “We’re delighted to be featured on the FT1000 list, and incredibly proud to be one of the fastest growing companies in Europe for the second year in a row,” said
“Over the past 12 months our growth has been powered by working with most of the top 100 dealer groups; new partnerships with Nissan, Keyloop, CitNOW and RTC; launching into Ireland and Germany; and securing £9m in Series A funding.
“We are ideally positioned to achieve further growth in 2022. Our motivation remains the same as it always has been – to put motorists back in the driving seat, by offering accessible, affordable and manageable finance solutions for everything from repairs and maintenance to accessories and more recently the addition of add-ons including GAP, service plans, warranties and paint protection,” said Jackson.
Having just expanded its executive team, the business is now preparing the next stage of growth which will include bringing its offering to more dealerships and workshops in the UK and across Europe.
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