Bumper enhances dealer partner insights with acquisition of AutoBI
Bumper, a vehicle payment and analytics platform based in the UK, has completed its first acquisition with the purchase of AutoBI, a provider of business intelligence tools tailored for auto retailers and original equipment manufacturers (OEMs).
Bumper makes AutoBI its first acquisition
Founded in 2019 and headquartered in Telford, AutoBI operates web-based dashboards that deliver near real-time updates on “all aspects of an automotive business”, including sales, service, parts, finance and customer relationship management (CRM).
Through this purchase, for which financial terms remain undisclosed, Bumper aims to “enhance its digital payments platform with increased insights for its dealer partners”.
According to Jack Allman, Bumper’s CCO and co-founder, these insights will be derived from AutoBI’s ability to “generate thousands of near real-time reports” and will allow dealers to “boost their profitability, efficiencies and cost savings”.
“This acquisition is a key part of our strategic goal to become Europe’s largest automotive payment and data platform,” adds Allman.
Following the deal, AutoBI’s entire workforce will “transfer with the business”, with its founder, Jonathan Sharman, to continue as CEO.
Bumper, established in 2013, enables car owners to split repair and service bills into interest-free payments. According to its website, users can divide bills of up to £5,000 across 4,000 service providers throughout the UK.
In January, the company secured a $48 million Series B funding round led by Autotech Ventures, which brought Bumper’s total funding to $64 million.
