Bumper’s growth trajectory continues following record revenues in 2023

Bumper saw revenues grow 54% in 2023 to £11.7m for the financial year ended 31 December 2023, a record high.

The business saw a 90% increase in Gross Merchandise Value, with £211m worth of car repairs processed by dealers through its platform.

James Jackson, Co-Founder and CEO, said: “2023 was a transformative year for Bumper with the business experiencing exponential growth in the UK and increasing its foothold in key European territories.

“As well as significantly growing the size of our business we empowered our dealer partners to boost their workshop throughput and profitability by providing customers with payment options to suit their individual needs and budgets.

“This year we have remained focused on further scaling the business, as demonstrated by our recent acquisition of AutoBI, the business intelligence tools provider, as part of our stated plan to become Europe’s largest automotive payment and data platform.”

Bumper completed a £40m Series B fundraise in 2023, launched its branded PayPad payment terminal and was ranked as one of the fastest growing European fintechs in the FT1000.

Bumper is on track to more than double its GMV to around £460m by the end of this year.