Bumper has received a £2 million investment from Salica Investments.
This is the first investment from London-based Salica. Investors from earlier this year include Suzuki Global Investments and Marubeni Ventures.
James Jackson, Co-Founder and CEO, 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.”
The business also marks its millionth customer using its digital payment platform.
Bumper also recently announced its first acquisition – AutoBI, the provider of business intelligence tools for car retailers.
Jemma Bruton, MD 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.”
