Award-winning Auto Service Finance identify change

Bumper, Auto Service Finance’s new identify, was named right now by the Monetary Instances as one in all Europe’s 100 Quickest Rising Corporations.

The UK-based fintech firm, winner of Motor Dealer’s New Funding Product of the 12 months 2020, provides automotive house owners an interest-free cost platform to fund upkeep and restore work.

Its companies are offered by greater than 2,500 franchised sellers and greater than 650 garages.

The annual lists monitor the businesses with the strongest natural income development, excluding acquisitions, over a three-year interval. Bumper’s income since 2017 has grown by 1,385.7% and it’s on monitor to course of £ 100million aftermarket transactions by the tip of the 12 months.

Since its launch in 2014, the fintech enterprise has helped greater than 100,000 automotive house owners finance their upkeep and restore payments.

The FT rating announcement coincides with the corporate’s determination to rename Bumper.

“We’re delighted to be acknowledged by The Monetary Instances as one in all Europe’s quickest rising firms, this recognition comes at an necessary time for us as we enter the subsequent part of our development as a Bumper, ”mentioned James Jackson, CEO and co-founder.

“Now could be the time for a reputation change and the brand new identify will assist additional differentiate our ‘Purchase Now, Pay Later’ proposition as we roll out new financing options.

Bumper will assist rebranding with a B2B digital advertising marketing campaign and mainstream promoting.

Bumper relies in Sheffield and London, with a know-how improvement heart in Ankara, Turkey. Its financing service permits sellers and garages to promote a higher proportion of purple and orange work, with out threat or legal responsibility, to cut back their workshop downtime and to extend buyer loyalty.

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