Evolution Sets a New Standard at The Car Finance Awards 2026 

Duncan Josey receiving Car Finance Innovation Award 2026

Evolution Funding celebrated double success at the Credit Strategy Car Finance Awards 2026, winning ‘Best Service for Dealers’ for the fourth consecutive year alongside the ‘Innovation Award’ for Dealer in a Box. 

The awards recognise another significant year of progress for the Group – from continued investment in technology and platform innovation to the strength of the partnerships and service that continue to set Evolution apart across the automotive finance industry. 

Over the past year, the Group has taken another major step forward in how we innovate, collaborate and deliver for our partners. These awards recognise not only what we’ve built, but the impact we continue to have across the industry. 

From market-leading service to technology that is helping reshape the way dealers operate, the evening recognised the strength of the Group, the progress we’re making and the people behind it all. 

A word from the CEO, Lee Streets 

“It was another fantastic night at the Car Finance Awards for the Group, and yet more recognition for the outstanding work colleagues across all of our brands continue to deliver. Winning two awards – Best Service for Dealers and Best Innovation for Dealer in a Box – was amazing. What makes this recognition even more meaningful is that it comes from a judging panel made up of peers, lending partners and industry experts. Everyone across the business should feel incredibly proud of what we’ve achieved together.” 

Lee Streets receiving Dave Briggs Award for Outstanding Contribution to the Car Finance Industry 2026

Adding to the celebrations on the night, Lee was also presented with the Dave Briggs Award for Outstanding Contribution to the Car Finance Industry – one of the sector’s highest individual honours. 

During the presentation, the judges recognised Lee as “one of the most influential leaders in modern motor finance”, highlighting the role he has played in shaping both Evolution Funding’s growth and the wider industry over the last two decades. 

They praised Lee’s leadership throughout some of the sector’s most challenging periods, his contribution during significant regulatory change, and the collaborative, people-first approach that has earned the respect of colleagues, partners, regulators and peers alike. 

The judges also recognised the extraordinary growth of Evolution under Lee’s leadership – from a specialist automotive finance intermediary into the UK’s largest used auto finance platform – while noting that despite the scale of that success, he has remained incredibly humble and always focused on the people around him. 

Best Service for Dealers 

Josh Cartledge receiving Car Finance Best Service for Dealers Award 2026

This marks the fourth consecutive year Evolution Funding has been named ‘Best Service for Dealers’ – recognition of the partnerships, expertise and technology that continue to set us apart. 

Across the Group, our teams continue to support dealer partners in a way that simply cannot be matched – combining hands-on expertise with evolving technology that is helping dealers operate more efficiently, improve finance performance and deliver better customer outcomes. 

The impact of that support can be seen every day: 

  • 84,000 hours saved using our Pre Pay technology  
  • Over 3,000 attempted fraud cases blocked  
  • £74.4m worth of risk prevented from reaching dealers  

These aren’t just numbers. They show the real impact our teams are making across the industry every single day – and this award shows that work hasn’t gone unnoticed. 

The judges recognised Evolution for combining innovation, speed and hands-on dealer partnership with scalable technology and market-leading support. 

Best Service for dealers quote

Innovation Award 

Duncan Josey receiving Car Finance Innovation Award 2026

Winning the Innovation Award marks another major milestone for Evolution and shines a spotlight on Dealer in a Box – the industry’s first all-in-one proposition designed to bring together finance, compliance, digital retail and dealer management into one connected platform. 

Dealer in a Box wasn’t created to simply improve what already existed. It was developed to solve real problems dealers face every day – fragmented systems, disconnected customer journeys and time-heavy processes across digital, finance and operations. 

Launched initially in partnership with Click Dealer, Dealer in a Box has been designed to integrate with leading automotive digital retailers – creating a more connected and efficient operating model for dealers. 

Right now, more than 300 dealers are using Dealer in a Box as part of their day-to-day operations, with measurable results already being delivered across the network: 

  • 30% increase in finance penetration  
  • 40% increase in website traffic  
  • 2–3 additional vehicle sales per month  

These results reflect the real commercial impact the platform is already delivering for dealers using it every day. 

But the numbers only tell part of the story. What matters most is the impact Dealer in a Box is having on how dealers operate, grow and use finance within their business. 

As one of our dealer partners shared: 

“Since introducing Dealer in a Box into the business, finance has become a much stronger part of what we do. We’ve gone from generating no online finance proposals to averaging three a month, and our finance penetration has increased from 15% to 35%. 

The system works well for us, and having a dedicated Customer Success Manager keeping us on track makes a big difference. It’s helped turn the website into something that genuinely drives finance rather than just sitting there.” 
– Gary Phipps, Staverton Garage 

This award is about more than the technology itself. It reflects the ambition behind it, the collaboration across the Group and the teams that brought it to life. 

The judges highlighted Dealer in a Box for its innovation, scalability and ability to reshape automotive retail through a more connected and efficient operating model. 

Sponsoring Best Broker 

After ten consecutive wins in the Best Broker category, Evolution Funding took a different approach in 2026 by sponsoring and championing the award instead. 

Ten consecutive wins remains an incredible milestone for the business and reflects the consistency, partnerships and performance that have defined Evolution’s role within the industry over the last decade. 

As the business continues to grow and innovate, this year also represented an opportunity to support and celebrate the wider broker community while placing greater focus on the technology, platforms and capabilities helping shape the future of automotive finance. 

We’re proud to hand over the baton, with Car Finance 247 winning ‘Best Broker’ on the night. Congratulations to the whole team on a fantastic achievement and well-deserved recognition. 

What These Wins Really Mean 

Beyond the trophies themselves, these awards represent something even bigger – the progress we’ve made as a Group and the incredible people behind the scenes who have made all of this possible. 

They reflect: 

  • How we’ve continued to push boundaries through innovation that is delivering real, measurable impact for our dealer partners. 
  • How our teams have worked relentlessly behind the scenes to build smarter technology, stronger processes and seamless experiences that are transforming the way dealers operate every day. 
  • How collaboration across every part of the Group – from technology, propositions, product teams, marketing to operations, sales, underwriting, compliance and support – continues to drive the business forward. 

Most importantly, they show what’s possible when we bring together great people, strong partnerships and a shared ambition to keep moving the industry forward. 

This Is Just the Beginning 

The Car Finance Awards 2026 was an evening full of shared success – celebrating the very best in the industry, where we were proud to stand alongside so many worthy competitors and congratulate all the winners. 

Most importantly, we want to thank our colleagues across the Group, alongside our dealer partners, lenders and stakeholders who continue to support us and work collaboratively with us every day. These achievements are only possible because of the strength of those partnerships and the people behind them. 

And while this is a moment to celebrate how far we’ve come, it’s also a reminder of where we’re heading next. 

Dealer in a Box has already shown what’s possible when we combine innovation, technology and expertise to solve real problems for dealers. And this is only the beginning. 

We’ll continue to raise the bar, push boundaries and shape the future of automotive finance together – because Evolution is not just the one to beat, we’re the one to be. 

Evolution Funding to Sponsor Best Broker Award at the 2026 Car Finance Awards

Evolution Funding Sponsors Best Broker

Evolution Funding has announced it will sponsor the Best Broker award at the Credit Strategy Car Finance Awards 2026, following ten consecutive wins in the category between 2016 and 2025. 

After a decade of recognition as Best Broker, Evolution Funding has taken the decision not to enter the category in 2026, instead choosing to sponsor and champion the award as part of its continued commitment to supporting the wider broker community and the automotive finance industry as a whole. 

The move reflects an important milestone for the business and marks the next stage in Evolution Funding’s growth, with increasing focus on technology, platform innovation and the continued development of solutions designed to support dealers, brokers and lenders across the sector. 

While stepping away from the category as an entrant, Evolution Funding will continue to support an award that has played an important role in the company’s journey over the last decade. 

Lee Streets, CEO of Evolution Funding, said: 

“Being named Best Broker for ten consecutive years is something we’re incredibly proud of – and it’s all down to the people behind it. The commitment, focus and innovation our teams bring year after year are what made that achievement possible. 

This year, we wanted to take a different approach. Sponsoring Best Broker allows us to remain close to an award that means so much to both us and the wider industry, while recognising and celebrating the brilliant work happening across the broker community.” 

Sarah Simpkins, Marketing Director at Evolution Funding, added: 

“Sponsoring the Best Broker category feels like a natural next step for us. After ten years of recognition, we’re excited to retire from the category as entrants and hand over the baton. We’re proud of the role we’ve played in helping set and raise standards across the industry, and we’re looking forward to supporting and celebrating what comes next.” 

Evolution Funding will continue entering other award categories at the 2026 Car Finance Awards, with a particular focus on areas that reflect the Group’s continued investment in technology, innovation and partner support. 

The sponsorship reflects Evolution Funding’s ongoing commitment to championing high standards across the UK automotive finance industry while continuing to support the brokers, dealers, lenders and partners that play such an important role across the sector. 

Connecting the Future of Auto Finance: 2025 in Numbers

Evolution Funding Group infographic 2025

“This year’s performance reflects consistent delivery against our strategy, made possible by the dedication of our teams and partners across the Group. Together, we continue to strengthen the platform and invest for sustainable, long-term growth.”

Lee Streets, CEO – Evolution Funding Group

The auto finance market is undergoing significant change. Rising consumer expectations, increasing regulatory complexity and rapid digitalisation are reshaping how vehicles are bought, funded and sold. In this environment, scale alone is no longer enough. Leadership is defined by clarity of direction, strength of platform and the ability to evolve with confidence. 

Evolution Funding Group’s 2025 performance reflects a business growing with intent – deliberately investing in capability, strengthening its proposition and building a connected platform designed for long-term success. 

Growth built on strategy, not volume 

Evolution’s growth has been guided by a clear strategic objective: to create the UK’s largest used auto finance platform that supports sustainable, compliant and profitable growth for dealers, lenders and OEM partners. 

Rather than pursuing volume for its own sake, the Group has focused on strengthening its foundations – expanding choice, improving efficiency and ensuring the platform can scale responsibly. This disciplined approach has enabled Evolution to expand its presence and influence across the market, while maintaining resilience in a changing economic and regulatory landscape. 

Strengthening the Group through targeted acquisitions 

Acquisitions play a critical role in how Evolution Funding Group continues to evolve. Each acquisition is driven by strategic fit and capability – bringing specialist expertise, technology or services that enhance the Group’s proposition and create greater value for partners. 

The acquisition of Automotive Compliance is a clear example of this approach. By bringing compliance technology and specialist expertise directly into the Group, Evolution is simplifying complexity for partners and embedding trust at the heart of the platform. This integrated model is increasingly important as regulation intensifies and standards continue to rise across the industry. 

A connected platform that delivers long-term value 

At the centre of Evolution Funding Group is a connected platform that brings together finance, technology, compliance and e-commerce. This integration reduces friction across the automotive retail journey, enabling faster decisions, greater transparency and more consistent customer outcomes. 

For dealers and partners, this means less operational burden and greater confidence to grow. For lenders and OEMs, it provides scale, control and insight within a single, trusted ecosystem. For the Group, it creates a platform that can adapt and expand as the market continues to evolve. 

Trust as a foundation for leadership 

As Evolution grows, trust becomes even more critical. Protecting customers, partners and the integrity of the platform is fundamental to long-term leadership. 

Trust at Evolution is built through technology-led safeguards, strong governance and a culture of service excellence. It is reinforced by long-standing relationships across the industry and by recognition for both performance and customer experience. This focus ensures that growth is sustainable, responsible and resilient. 

Leading the industry through change 

The transition to electric vehicles, the rise of OEM-led journeys and increasing automation are redefining auto finance.
Evolution Funding Group is actively enabling this change – investing ahead of demand to ensure partners are equipped for the next phase of the market. 

By combining scale with innovation and strategic foresight, Evolution is not simply responding to industry change but helping to shape it. 

2025 in numbers 

Evolution Funding Group Performance Snapshot 

Looking ahead 

Evolution Funding Group enters the next phase of its growth with a clear sense of purpose: to build a connected, trusted and future-ready auto finance platform that delivers lasting value for dealers, partners and investors alike. 

The numbers reflect the scale of the business today. The strategy behind them defines where Evolution is going next. 

Evolution Funding Group acquires Automotive Compliance

Evolution Funding Group Acquires Automotive Compliance

Evolution Funding Group (“Evolution”), the UK’s largest automotive finance and digital commerce platform, has announced the acquisition of Automotive Compliance, a leading FCA-regulated provider of compliance services and systems to the UK motor retail sector. The transaction is subject to regulatory approval.

Founded in 2008 and based in Gloucester, Automotive Compliance provides regulatory oversight, governance, and compliance technology to over 1000 dealerships across the UK. The company supports dealers who are directly authorised by the FCA as well as those operating under an Appointed Representative structure, and is recognised for its strong brand, specialist expertise and comprehensive compliance systems.

The acquisition forms a key part of Evolution’s strategy to build a fully connected, end-to-end platform for the automotive finance and retail market. Evolution already offers a broad suite of technology-enabled solutions, including brokered motor finance, direct-to-lender capability, digital retail tools, and dealer commerce systems through Click Dealer. The addition of Automotive Compliance completes the platform’s regulated capability, allowing Evolution to integrate compliance more deeply into dealer and consumer journeys.

Automotive Compliance will continue to operate as a standalone legal entity within the Group, with its leadership team remaining in place during the integration period, ensuring continuity for customers and partners. Evolution will invest further in the business to enhance its systems, expand service capability, and support growth across independent retailers, franchised groups, OEMs, and digital marketplaces.

Lee Streets, CEO at Evolution Funding Group, said:

“This acquisition is a hugely exciting moment for Evolution. Automotive Compliance brings the final piece of our platform vision to life, enabling us to offer a truly end-to-end solution for dealers, lenders and partners. They are one of the most respected compliance providers in the industry, and we’re pleased to be bringing their talented team and expertise into the group. Their knowledge, systems and experience strengthen us in all the right areas, and together we’re creating a more connected, compliant and innovative ecosystem for the automotive market.”

Paul Speakman, director at Automotive Compliance said:

“Joining the Evolution Funding Group is an exciting step for Automotive Compliance. We’ve spent many years building a trusted, respected compliance service for dealers, and this partnership allows us to take that to the next level. Evolution’s scale, technology and forward-thinking approach give our team and our dealers new opportunities to grow and innovate. We’re proud of what we’ve achieved so far, and we’re looking forward to what we can now achieve together.”

Paul Guy, director at Automotive Compliance added:

“Our goal has always been to make compliance clear, effective, and aligned to the realities of motor retail. Becoming part of Evolution allows us to strengthen that work with more scale, better tools, and wider capability behind us whilst playing a central role in the Group’s vision for integrated, compliant dealer and consumer journeys. It positions us strongly for the future and the growing regulatory focus across the market. We’re excited to be joining a group that shares our values and commitment to supporting dealers with the same practical, no-nonsense approach we’re known for.”

Evolution Funding Group is backed by investment from Carlyle and LDC.

Marshmallow Partners with Evolution Funding to Unlock Motor Finance for UK Newcomers

Marshmallow Motor Finance

Marshmallow, the tech-driven unicorn best known for disrupting the car insurance space, has announced an exclusive partnership with Evolution Funding to bring motor finance access to migrants in the UK. The partnership enables dealers to fund deals for customers who would typically be declined by traditional lenders, opening up new opportunities for both consumers and the dealer community.

As a fintech on a mission to make migration easier, Marshmallow is taking a uniquely sophisticated approach to risk and pricing, recognising that newcomers to the UK often lack the traditional credit footprint required by mainstream finance providers. This underserved customer group can now benefit from fairer, more accessible motor finance, allowing them to purchase vehicles through dealer networks with confidence.

“Our mission has always been to make moving to the UK easier and more affordable,” said Oliver Kent-Braham, Co-Founder and Co-CEO of Marshmallow. “Expanding into motor finance is a natural next step. With over 10 million migrants in the UK, there’s a clear gap to address. We found that fewer than 1 in 10 of our New to the UK customers accessed secured car finance for their most recent car purchase, far below the equivalent rate for those born in the UK. This shows that most UK Newcomers are effectively locked out of the car finance market. Our partnership with Evolution Funding means we can deliver real impact at scale: helping dealers approve applications they might have previously rejected, while giving customers a smoother experience and better outcomes.”

The partnership adds Marshmallow to Evolution’s extensive and diverse lender panel, reinforcing the company’s position as the UK’s leading used auto finance platform. Evolution’s unique position at the centre of the motor finance ecosystem – connecting dealers, lenders, and partners through its platform and technology – makes it the ideal launch partner as Marshmallow expands into the sector.

Lee Streets, CEO at Evolution Funding, commented: “We’re proud to welcome Marshmallow to our lender panel. Their innovative approach aligns perfectly with our platform model. Importantly, it was our analysis and intelligence that helped shape this opportunity, proving the scale of the unmet need and ensuring we can deliver inclusive solutions responsibly. By combining Marshmallow’s unique credit models with our distribution, insight, and lender diversity, dealers now have an even greater ability to serve customers with complex credit profiles.”

Marshmallow enters the motor finance sector with the same energy and innovation that made it the second-fastest growing company in Europe (Financial Times, 2023). Founded in 2017 by twins Oliver and Alexander Kent-Braham and David Goaté, the company has served over a million customers – the majority of whom are UK newcomers – and continues to grow, with over 600 employees across London and Budapest.

Click Dealer Launches New Website

Click Dealer launch new website

We’re excited to announce the launch of Click Dealer’s refreshed website, built and delivered by the Evolution Funding Group marketing team. This is more than just a new look – it’s a sharper expression of what Click stands for today and where the brand is heading next.

This isn’t a rebrand. Click Dealer remains the trusted partner that dealers know – but now with a website that tells their story with greater clarity, cleaner visuals and a renewed focus on how their solutions help solve real world dealer challenges.

From a brighter take on the signature orange, to a stripped-back design and clearer messaging, every detail has been considered to better reflect Click Dealer’s purpose and ambition. The site moves away from listing features and shifts towards demonstrating outcomes – enabling more meaningful, consultative conversations with dealer partners.

This has been a true team effort. The refreshed brand, website build, and written content were all created by the Group marketing team, working closely with Click’s product and marketing leads, developers and stakeholders. It’s a great example of what happens when creative, strategic and technical minds come together with a shared goal.

Duncan Josey, Chief Strategy Officer at Evolution Funding, said:

“I am so proud of the team who have come together to launch a website that truly reflects the brilliance of Click and tells the story of their fantastic portfolio. This website clearly shows why Click Dealer are market leaders. Well done all!”

Explore the new site at clickdealer.co.uk and see how the refreshed brand is helping to drive stronger conversations, deeper partnerships and a clearer voice in the market.

This launch reflects how we’re levelling up across the Evolution Funding Group – creating confident brands that are aligned to our mission and built to support growth.

 

Evolution Funding Responds to Commission Disclosure Practice Changes

Commission Disclosure Practice Changes Evolution Funding Guidance

On the 25th of October 2024, the Court of Appeal handed down its judgment in the cases of Johnson v FirstRand Bank Limited, Wrench v FirstRand Bank Limited and Hopcraft v Close Brothers.

In response to the Judgment, Evolution Funding carried out a full review of how to ensure compliance with the new ruling for its dealers, lenders and customers.

This led to changes in Evolution’s processes and systems to create an enhanced commission disclosure consent journey. The updated journey addresses the heightened need for full transparency regarding informed consent, commission disclosures and additional duties.

Evolution has produced a guide that provides a summary of the key takeaways, how they are responding to support dealers’ businesses, and key actions dealers may need to consider.

N.B. This guide does not provide legal advice. If you are in any doubt about your obligations, you should seek legal advice, and this guide is provided purely for information and guidance.

View ‘Commission Disclosure Practices Update’ Nov 2024

Evolution Funding Awarded for Digital Innovation Excellence

Evolution Funding wins Digital Innovation Award at MF25

Evolution Funding wins ‘Digital Innovation of the Year (Front Office)’ at the Motor Finance Europe Awards 2024.

Evolution Winner of MF24 Digital Innovation of the Year Award

This year marked the 10th annual Motor Finance Europe Awards, recognising and celebrating innovation, talent, and service delivery in the motor finance space in Europe. The celebrations were held in Frankfurt, Germany, and included the opportunity to network with dealerships, lenders, and like-minded service providers.

Alan Smith presented with MF24 Digital Innovation of the Year Award

The Digital Innovation of the Year (Front Office) award highlights Evolution Funding Group’s trailblazing technological presence in the auto finance space. Focused on ClickFinance, a software collaboration between Evolution and sister company Click Dealer, the awards submission highlighted ClickFinance’s unique ability to enhance and streamline the vehicle finance experience for dealerships and their customers, leading to a significant increase in finance penetration.

The judges’ said:

“Meeting customer needs, enhancing the customer experience, and adapting to market changes are essential for motor finance professionals. The judges noted that the winner addresses these challenges by providing a used car-buying platform that integrates seamlessly into dealer websites, offering a comprehensive suite of digital solutions for automotive dealers.”

This award is ClickFinance’s second recognition this year, having won ‘Best Technology Partner’ at the Car Finance Awards 2024. Our deep-rooted relationship and collaboration with our sister company, Click Dealer, help bring our revolutionary digital finance offering to the forefront of the auto finance industry.  

Sarah Simpkins, Marketing Director, commented:

“We are thrilled to receive this recognition for ClickFinance in the technology category. Our vision is to lead the transformation of the auto finance ecosystem through innovative technology, and ClickFinance—born from the collaboration between Evolution Funding and our sister company, Click Dealer—plays a pivotal role in realising that vision.”

We would like to congratulate Click Dealer as we look to the future with excitement as we continue to reach new heights. Finally, a huge congratulations to the other winners of this exciting event and the work we all pursue to drive change in the industry!

Winners at the MF24 Awards

Click here to read more about the event and view the full list of winners.

Evolution Funding Strengthens Executive Team with New Group CFO

Mat Hanson
Mat Hanson

Evolution Funding has appointed Mat Hanson as Group Chief Financial Officer (CFO), a newly created position that will play a pivotal role in driving the company’s long-term value creation plan. Hanson’s appointment is part of Evolution Funding’s strategic efforts to enhance its capacity at the Group level and support its growth objectives.

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 experience in financial leadership, Hanson brings CFO expertise in technology-driven and private equity-backed businesses. His prior achievements include leading six strategic international acquisitions and a significant private equity sale at Cawood Scientific, as well as driving financial growth and refinancing at Travel Counsellors.

Hanson said:

“I am delighted to join Evolution Funding. The company’s culture, strong values, and impressive track record were key factors in my decision. With Carlyle’s backing and a solid foundation in place, I am confident in the company’s future prospects and look forward to contributing to its continued success.”

Lee Streets, chief executive officer, said:

“Mat brings a wealth of experience in leading financial strategies that drive both growth and operational efficiency. His expertise in managing complex acquisitions and his experience with private equity make him an ideal fit for our next phase of growth. We are pleased to welcome him to the team and are confident he will make an immediate and positive impact.”

Evolution Funding poll reveals dealers are unclear on consumer duty reporting requirements

A recent poll by used auto finance platform Evolution Funding has revealed that dealers are unclear on the FCA’s expectations of consumer duty reporting.

As the 31 July deadline approaches for dealers to complete their Consumer Duty Annual Board Report, Evolution polled its dealers on their understanding of the requirements.

889 dealers responded, with a significant number either unaware of the requirement to produce a board report or not knowing they must produce their first report by the end of July.

When asked if they were comfortable with what the report should include, such as content, format, and management information, 76% of respondents said they weren’t.

Sam Osborn, Evolution’s head of risk and compliance, said:

“One year into consumer duty, it’s evident that dealers, especially smaller independent ones, need better support and guidance to meet the duty’s requirements, alongside improved benchmarking for general consumer duty standards.

“Principles-based regulation necessitates interpretation, demanding significant resources. This is challenging for smaller dealerships where time and specialist roles are scarce.

“Dealers are committed to serving their customers well, but knowledge gaps exist. It’s crucial that brokers and lenders offer direction and resources, leveraging their expertise and specialised teams.

“In addition to the technology and compliance processes we have in place, Evolution is dedicated to providing resources and guidance to help dealers meet their regulatory obligations. Our Consumer Duty Resource Hub offers extensive support, and we will continue to update it with new information.”

Click here to visit our Consumer Duty Resource Hub