Auto Service Finance rebrands as Bumper, as FT rates it one of Europe’s 100 fastest growing companies

Published:  02 March, 2021

Bumper, previously known as Auto Service Finance, has been rated by the Financial Times as one of the top 100 fastest growing companies in Europe.

The UK-based fintech business provides car owners with an interest-free payment platform to fund servicing and repair work, debuted at #89 in the newly published FT1000: Europe’s Fastest Growing Companies of 2021. It was also the 21st fastest growing UK business in the rankings.

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 repairs. Its services are provided through over 2,500 franchised dealers and over 650 garages.

The announcement of the FT ranking coincided with the company’s decision to rebrand as Bumper.

James Jackson, CEO and co-founder, commented: “The recognition comes at an important time for us as we start the next phase of our growth as Bumper. 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. We believe the distinctive new branding will resonate with businesses and car owners. It’s a shorter and more memorable name.”

He added: “Bumpers protect cars and we’re doing the same for their owners by sparing them the financial impact of finding a lump sum to pay for distress purchases.”

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