“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 (“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.

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

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.

As part of the executive leadership team, Josey will lead the development and execution of strategic plans to achieve Evolution Funding Group’s goals of digitising, automating, and enhancing the consumer auto finance experience. A key focus will be advancing and leveraging the group’s ecosystem and digital platform.

Lee Streets, chief executive officer at Evolution Funding, said:

“From Autotrader’s early days as an analogue business to the digital giant we know today, Duncan has been at the centre of Autotrader’s radical transformation. As such, with his wealth of experience, he is well placed to accelerate Evolution’s similar journey to develop our ecosystem proposition and commercialise our data offering. We are delighted to welcome Duncan to Evolution as we drive forward to becoming the auto finance platform of choice.”

Josey said:

“This is an exciting move for me, and I look forward to working with the Evolution team. The automotive industry finds it hard to take advantage of modern advances in technology due to a fragmented and complex ecosystem. Evolution’s innovative approach to using technology to overcome that fragmentation and connect consumers and partners via their platform puts them in a unique position to transform the industry. I am delighted to be joining Evolution on that journey of transformation.”