Evolution Funding Group has unveiled Centeca as its new Group identity, marking the company’s expansion beyond its finance roots into a broader automotive commerce and fintech platform spanning digital retail, compliance, software and data.
Importantly, Evolution Funding will continue to operate under its existing brand, with no changes to services, relationships or points of contact for retailers, lenders or partners.
The rebrand marks more than 20 years of growth, during which the Group has strengthened its proposition through investment in technology, platform development and acquisitions, including Click Dealer, Motion Finance, Creditas and Automotive Compliance.
The new identity has been introduced to better represent the scale, breadth and future direction of the Group, while bringing together the specialist businesses that operate across automotive finance, digital retail, compliance and technology.
As the Group has evolved, it has brought together specialist businesses spanning multiple areas of automotive commerce. Today, Centeca brings these together within a connected environment with a clear roadmap towards a unified platform. This is strengthened by unique insight generated from millions of customer interactions, finance transactions and retailer engagements across the automotive ecosystem.
Lee Streets, chief executive officer at Centeca, said:
“This is more than a change of name. It marks an important milestone for the business and recognises how far we have come.
“We have built a strong group of specialist brands, invested heavily in technology and data, and created foundations that position us for continued growth. Centeca gives us a Group identity that better captures who we are today and where we are heading.”
Duncan Josey, chief strategy officer at Centeca, added:
“For many years, automotive retail has been built around disconnected systems and fragmented processes. Finance, retail technology and compliance have operated independently of one another, creating complexity for retailers and friction for consumers.
“As the market continues to evolve, those boundaries are becoming increasingly blurred. The name Evolution Funding Group has served us incredibly well, but it no longer reflects the breadth of our proposition.
“Centeca better represents our role within the wider automotive ecosystem and the unique combination of technology, data and specialist expertise we are bringing together through our platform strategy.”
Today, the Group facilitates over £6.5 billion in annual finance advances, supports more than 5,500 transacting retailers, powers four OEM finance journeys, integrates with over 35 whole-of-market lenders and maintains more than 20 integration partnerships across the automotive sector.
For Evolution Funding customers and partners, nothing changes. The Evolution Funding brand, services and team remain the same, with the rebrand applying to the Group identity only.
To learn more about Centeca, visit www.centeca.com.
