Tag Archives: Evolution Funding

Evolution Funding has appointed Mat Hanson as group chief financial Officer (CFO). Hanson will oversee key aspects of Evolution’s transformation and strategy, including mergers and acquisitions (M&A) and potential international expansion. He will also oversee key stakeholder and shareholder relationships, including those with investors Carlyle and LDC, as well as banking and debt funding partners. With over 17 years of ...

An Evolution Funding poll has revealed dealers are unclear on the FCA’s consumer duty reporting requirements. 889 dealers responded and a significant number were either unaware of the requirement to produce a board report or did not know they must produce their first report by 31 July. Sam Osborn, Evolution’s head of risk and compliance, said: “One year into consumer ...

Used auto finance platform Evolution Funding has appointed Duncan Josey to the newly created role of chief strategy officer. Josey brings over 21 years of experience across key business roles at Autotrader, including commercial director, digital marketing director, and key accounts sales director. Josey will lead the development and execution of strategic plans to achieve Evolution Funding Group’s goals of ...

Evolution Funding is now using Automotive Compliance’s enhanced regulatory platform. It said the key focus of the platform is to offer more efficient processes, reduce time-wasting activities, and optimise finance penetration by streamlining the buying journey. The system displays tailored quotes based on the customer’s credit profile before routing them to the most appropriate lender for their credit circumstances. This ...

Evolution Funding has partnered with Codeweavers. Dealers can now access Evolution’s full finance product suite through their Codeweavers portal, as well as manage finance applications right through to e-Sign. For car buyers, the integration facilitates both online and in-showroom applications and customers can expect a smoother experience as they shop for vehicle finance. Paul Hibbert, Evolution Funding Strategic Relationships Director, ...

Motor finance broker Evolution Funding has appointed Katie Hayes to the board as its chief operating officer. Hayes joins Evolution from Lloyds Banking Group, where she was a member of the senior leadership team within the motor finance division. Positions held include head of Jaguar Land Rover Financial Services for Black Horse and head of partnership and market development. Prior ...

Evolution Funding has bought automotive software and digital services provider Click Dealer for an undisclosed sum. Evolution Funding offers credit pre-screening, automated lender selection, finance self-serve and checkout automation technologies. Click Dealer is as an automotive software business, provider of dealer website hosting, proprietary dealer management systems, and associated digital solutions for independent motor retailers. Click currently services and supports ...

Motor finance broker Evolution Funding is running a free webinar for dealers. The hour-long session from 9.30am on Thursday 18th March, promises to give revealing insight into how the new commission models are working in practice. The webinar “The FCA Changes: Early Indicators for Dealers & What’s Next?” will feature an expert panel discussion. Taking part are Lee Streets, Evolution ...

Finance broker Evolution Funding has secured investment from mid-market private equity investor LDC. This sees LDC take a significant minority stake in the business. Evolution Funding’s Evolve is used in car dealerships and online purchasing. The investment reflects the buoyant finance market, which saw used car finance grow by 13% in 2018, reaching £17.5bn. Overall, 2018 saw a 7% rise ...

Finance broker Evolution Funding has warned car finance needs to have a greater presence online to meet customers’ needs. “Anyone operating in the motor industry must be able to serve up solutions for every type of consumer, from those who want to complete the whole transaction online, to those who want to manage everything face to face, and everyone in ...