Bumper acquires Cocoon Payments to expand digital solutions for car retailers

Bumper has acquired UK-based Cocoon Payments, a digital payments platform used by over 20% of the top 100 franchised dealer groups. The move follows Bumper’s 2024 acquisition of AutoBI and further strengthens its offering in the automotive retail space. Cocoon’s platform helps dealers reduce transaction costs through features like Pay by Bank and integrates with leading Dealer Management Systems. Bumper CEO James Jackson said the acquisition aligns with their mission to streamline payments and lower dealer fees across the UK and Europe.