Fast-growing fintech business Bumper is acquiring Telford-based AutoBI, a specialist in business intelligence solutions for dealerships and original equipment manufacturers (OEMs).
AutoBI, founded in 2019, generates critical insights through web-based dashboards that provide near real-time updates across various business functions, including CRM, sales, service, parts and finance.
The acquisition will allow Bumper to integrate AutoBI’s advanced data analytics capabilities into its existing digital payments platform, offering enhanced insights and data transparency to Bumper’s network of dealer partners.
As part of the acquisition, all AutoBI staff will join Bumper, with founder Jonathan Sharman continuing as CEO of AutoBI.
Jack Allman, chief commercial officer and co-founder of Bumper, described the acquisition as a pivotal step toward their goal of becoming Europe’s largest automotive payment and data platform. “AutoBI’s ability to generate thousands of near real-time reports will enable us to provide our dealer partners with greater visibility of data across their businesses, driving profitability, efficiencies, and cost savings.”
Jonathan Sharman of AutoBI said: “The synergies between the businesses will enable us to seamlessly add further value to Bumper’s dealer proposition.”
Bumper works with over 5,000 dealerships across the UK, Spain, Germany, the Netherlands, and the Republic of Ireland. Through its PayLater, PayNow, and PayPad options, Bumper helps over 600,000 drivers manage their service and repair expenses. The company’s clients include major brands such as Ford, Volkswagen, Nissan, Volvo, Seat, Skoda, Audi, JLR, and Porsche.
Pictured: Jack Allman, Jonathan Sharman and James Jackson