Tag Archives: bumper

Dealers can help car owners save over £100m in charges this year if they opt to pay for vehicle repairs using zero-interest monthly payments, according to finance provider Bumper. UK Finance, the trade body for the banking and financial services sector, shows 49.8% of credit card balances incurred interest in March, based on 346.3 million transactions worth £19.9bn. Internal data ...

Glyn Hopkin, Yeomans, Sinclair and Ancaster are among dealer groups who are now offering interest free loans to customers for car servicing through Bumper. The payment specialist hit the £500m milestone in April and has announced its intention to grow that total by a further £460m by the end of this year. Bumper said it was seeing “rapid growth” in ...

Glyn Hopkin is aiming to boost its aftersales business by teaming up with Bumper and offering customers interest free monthly payments for services and repairs. PayLater has been integrated into Glyn Hopkin’s eDynamix dealer management system, which will see it included as a payment option in vehicle health check videos sent to customers. It will also be offered to owners ...

James Jackson, co-founder and CEO of Bumper (pictured r), expects to accelerate plans to be the dominant payment platform for car dealers with new investment from Suzuki Global Ventures and Marubeni Ventures. Bumper has raised a further £2 million in a Series B extension round. This follows the £40 million Series B fundraise of 2023 which received further investment from Autotech ...

Bumper, the repairs payment platform for car dealers, has been named by the Financial Times as one of the fastest-growing companies in Europe. The business, which enables owners to choose flexible payments for their car repairs, was ranked 281 in the FT1000, its highest position to date, based on a compound growth rate of 93%. To qualify for the FT1000, ...

Bumper, the finance group that enables consumers to spread the cost of car maintenance and repairs over time without paying interest, has announced a £40m fundraising to accelerate its growth. The group, which used to be known as Auto Service Finance, won the Motor Trader Finance Product of the Year in 2020. Bumper makes its money through a service charge ...

Group 1 Automotive has renewed a multi-year agreement with payment platform Bumper. The dealer group will continue to use Bumper’s Buy Now, Pay Later product for splitting the cost of car repairs and servicing into affordable, interest-free payments. Spanning all 93 dealer sites, this renewed agreement is for 13 franchises which include BMW, Ford, Kia, Skoda and Mercedes-Benz and secures ...

Volvo dealers are working with payment platform Bumper so its customers can spread the cost maintenance with 0% interest payment plans. The partnership with Bumper allows bills for regular servicing, repairs and parts to be settled through equal and affordable monthly payments over terms of between four and nine months. With no interest charged, customers can manage their money more ...

Car repairs payment platform www.bumper.co.uk has raised £26.1 million in investment. The money has come from venture capital firms  Autotech Ventures and InMotion Ventures (the investment arm of Jaguar Land Rover), ITOCHU and Revo Capital. Bumper is a digital payment platform for vehicle repairs and services, enabling owners to pay online, in-store or spread their costs over monthly instalments interest-free. ...

Open banking will become the dominant form of payment in car retailing by the end of the decade. According to Bumper, dealers would benefit from the halving of their transaction costs and reducing their exposure to fraudulent card transactions. Open banking enables customers to pay directly from their personal bank accounts to a dealer’s account, using their banking app rather ...