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Bumper, the new name for Auto Service Finance, has been named today by the Financial Times as one of the top 100 fastest growing companies in Europe.
The UK-based fintech business, winner of Motor Trader’s 2020 New Finance Product of the Year, provides car owners with an interest-free payment platform to fund servicing and repair work.
Its services are provided through over 2,500 franchised dealers and over 650 garages.
The annual listings track companies with the strongest organic revenue growth, excluding acquisitions, over a three-year period. Bumper’s revenues since 2017 have grown by 1385.7% and it is on course to process £100m aftersales transactions by the end of the year.
Since launching in 2014, the fintech business has helped over 100,000 car owners fund their servicing and repair bills.
The announcement of the FT ranking coincides with the company’s decision to rebrand as Bumper.
“We’re delighted to be acknowledged by the Financial Times as one of the fastest growing companies in Europe, the recognition comes at an important time for us as we start the next phase of our growth as Bumper,” said James Jackson, CEO and co-founder.
“The time was right for a rebrand and the new name will help further differentiate our Buy Now Pay Later proposition as we rollout new funding solutions.
Bumper will support the rebrand with a high profile B2B digital marketing campaign and consumer advertising.
Bumper is based in Sheffield and London, with a tech development centre in Ankara, Turkey. Its funding service enables dealers and garages to sell a larger proportion of red and amber work, with no risks or liabilities, reduce their workshop downtime and create greater customer loyalty.