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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, companies must be European-based, independent and with revenues of at least €1.5m. Qualifying businesses are listed in order of highest compound growth rate in revenue over the five years to 2022.
Bumper won the Finance Product of the Year in the 2020 Motor Trader Industry Awards. The group has attracted dealer groups to its products, including Group 1.
“As a young start-up we are incredibly proud to be featured in the FT1000 and be acknowledged as one of the fastest-growing European companies for the fourth year in a row,” said James Jackson (right) co-founder and CEO of Bumper and pictured with co-founder James Allman.
“Bumper’s success is down to our talented teams in the UK, Spain, Germany, Netherlands and Turkey and the support of a fast-growing number of dealers choosing to use our platform.
“This listing comes at a significant time for the business. We successfully completed a £40m fundraise in 2023, which is already being used to accelerate the next stage of our growth which will see the number of repairs we help our dealer partners to facilitate double to 500,000 this year and continue to double on an annual basis.”