Fintech firm snaps up Telford software specialist

Telford-based AutoBI, a software firm serving car retailers and OEMs, has been acquired by fintech company Bumper.

All AutoBI staff will remain with the company, and founder Jonathan Sharman will continue in his role as CEO.

Founded in 2019, AutoBI offers web-based dashboards that deliver near real-time insights into various aspects of automotive businesses, including CRM, sales, service, parts and finance.

It marks Bumper’s first acquisition and allows the firm to strengthen its digital payments platform with enhanced insights for dealer partners.

Jack Allman, CCO and co-founder of Bumper said: “AutoBI is a perfect fit for Bumper and this acquisition is a key part of our strategic goal to become 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 and insights across their businesses, helping boost their profitability, efficiencies and cost savings.”

“We’re delighted to welcome the AutoBI team to the business. This is our first acquisition and we will review further opportunities as they arise.”

Jonathan Sharman of AutoBI said: “The AutoBI team are excited to become part of Bumper and support its growth in the UK and Europe as the leading finance platform for car retailers. The synergies between the businesses will enable us to seamlessly add further value to Bumper’s dealer proposition.”