Heard of Bumper? With financial backing from Porsche and JLR, the British crash repair finance firm is set for expansion:
Allman says its work with Volkswagen Group dealers in the UK turned the head of Porsche Ventures, bringing them on board. The investment will allow the company to double its 40-odd employees, both here in the UK and in Turkey, where it bases its tech centre for developing online technology.
It has moved into profitability within the “last 12-18 months” Allman says, which is fairly quick for a fintech start-up. Its goal now is to embed itself further in the whole buying process to enable customers to more easily choose a pay-later option.
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