Like all good ideas, the one for Bumper came to co-founder James Jackson to solve a specific need he had – namely how to avoid the punch of unexpected repair bills for his old Volkswagen Polo.
Now the British company, which was set up in 2013 as Auto Service Finance, is flush from a $12 million (£8.8m) investment round in which both the venture capital arms of Jaguar Land Rover and Porsche sunk significant amounts, giving them a “meaningful percentage” in the company, according to co-founder Jack Allman.
