Global investment firm Carlyle has agreed to acquire Evolution Funding, the UK used car finance platform.
Evolution Funding achieved a milestone of transacting £1bn in motor finance advances, with total platform transactions of more than £1.5bn.
Car dealerships are facing a double whammy of rising overheads and diminishing consumer finances after the Bank of England (BoE) further increased interest rates this month to 1%.
Automotive finance company Oodle has been recognised as an industry ‘game-changer’ at this year’s Car Finance Awards.
Evolution Funding has partnered with Codeweavers to help dealers deliver a ‘more streamlined’ finance journey to customers.
Evolution Funding has appointed Lloyds Banking Group’s Katie Hayes to the board as its first chief operating officer in what was described as a “crucial step” towards achieving its strategic goals.
Evolution Funding Group has completed the acquisition of automotive software and digital services provider Click Dealer.
Evolution Funding hopes to accelerate its plans to lead digital change in automotive finance after appointing Daniel Reeve as chief technology officer.
Evolution Funding picked up two awards at the 6th annual Motor Finance European Conference and Awards 2020, including Intermediary of the Year, for the fourth year.
Evolution Funding witnessed a record number of proposals through its online platform in June as car buyers flocked to dealer websites in the hunt for a new car.
Car buyers are embracing online self-service car finance during the COVID-19 coronavirus lockdown period, according to Evolution funding.
Evolution Funding has strengthened its sales team with the appointment of four former Barclays Partner Finance (BPF) employees.
Evolution Funding has appointed former Barclays Partner Finance (BPF) national accounts manager Keith Bell as its new sales director as part of a reshuffle of the motor finance provider’s sales team.
Evolution Funding will look to improve its consumer-facing motor finance proposition following the appointment of Kirsty Watson as head of direct to consumer engagement.
Motor finance broker Evolution Funding has appointed Paul Saggar as its chief innovation officer and Adam Small as its head of operations.
Evolution Funding has picked up four awards at the Car Finance Awards 2019, including being named Best Broker for the fourth consecutive year.
Evolution Funding has secured investment to support its expansion from mid-market private equity investor LDC, which will take a significant minority stake.
Evolution Funding has been named ‘broker of the year’ for the second consecutive year at the Car Finance Awards 2017.
Finance intermediary Evolution Funding has launched two new company websites to give visitors a better understanding of the scope of its business.
Evolution Funding has been named F&I Conference & Awards 2016 ‘Broker of the Year’ for the second consecutive year.
