Evolution Funding is ‘Best Broker’ at Car Finance Awards 2020

Lee Streets - Evolution Funding

Evolution Funding, the motor finance broker and technology provider, has been awarded ‘Best Broker’ for the fifth consecutive year at the annual Car Finance Awards 2020.

The awards, which were judged by a panel of motor finance experts and business leaders, were delivered as an interactive digital broadcast. Host on the evening was comedian and Mock the Week panelist Ivo Graham.

Citing Evolution’s continued growth, innovation and investment in technology, the judges also highlighted Evolution’s excellent reputation with major clients and its strong market share. In addition, Evolution CEO Lee Streets was presented with ‘Personality of the Year’ for his innovative and market-driving contributions to the motor finance industry.

Streets said:

“We are delighted to win the Best Broker category, and we are well aware that every year we win this title, we set the bar even higher for ourselves and the industry! This award will be a great motivation for our people who have worked particularly hard this year under challenging circumstances.

“I am also humbled to be named Personality of the Year. I have had the privilege of working in motor finance all my life, I’ve worked with some amazing colleagues, great partners and competitors. Winning an award like this means a lot to me”.

The Car Finance Awards are unique in that they celebrate success across every aspect of the motor finance industry, connecting dealers, lenders and brokers under one awards programme.

Click for the full list of Car Finance Awards 2020 winners.

Evolution Funding wins at virtual Motor Finance Awards 2020

Evolution Funding, the motor finance broker and technology provider, has been awarded ‘Intermediary of the Year’ and ‘Digital Innovation of the Year: Consumer Finance’ at the 6th annual Motor Finance European Conference and Awards 2020.

Celebrating excellence and innovation in the European motor finance industry, this year’s event, which included online seminars and panel discussions from industry leaders, was held virtually.

Citing extraordinary growth in addition to driving the car finance space forward with intuitive and easy-to-use systems, Evolution wins ‘Intermediary of the Year’ for the fourth year since the awards launched in 2015.

Evolution was also recognised for its Digital Finance API with a win in the ‘Digital Innovation of the Year: Consumer Finance’ category. Their proprietary technology enables partners to deliver a unique end-to-end customer experience via their own platform and services.

Lee Streets, Evolution Funding CEO, said:

“We are delighted to have been recognised at this year’s awards across two categories. 2020 has been a challenging year but it has also driven significant focus and innovation in our business. We continue to put digital transformation at the forefront of our efforts, especially as we support our dealers and partners to negotiate the changing regulatory landscape. These awards are a great motivation for our people, who work hard to deliver our market-leading technology and service.”

Click to view the full list of Motor Finance Awards 2020 winners.

Evolution Funding receives Northern Tech Awards 2020 accolade

Evolution Funding, the motor finance and technology provider, has been named Fastest Growing Larger Company of the Year at the 2020 Northern Tech Awards. The virtual event was attended by over 500 entrepreneurs, investors and business leaders from the global tech community.

The award marks the second time Evolution has received the accolade and recognises the company’s 125 per cent revenue growth between 2017 and 2019.

The tech-focused motor finance broker, which has its own in-house development team, is investing significant resource into motor finance automation and self-serve customer journeys.

Lee Streets, Evolution Funding CEO, said:

“We are delighted to have won our category at this prestigious technology awards. For many years we have championed the need for a tech-driven approach to motor finance and we have invested heavily in taking the industry forward in this way. With COVID-19 accelerating the demand to digitize the motor finance journey, Evolution Funding is strongly placed to support our dealer partners to recover from the impact of the pandemic.”

Organised by GP Bullhound, The Northern Tech Awards recognise and celebrate the region’s biggest tech stories by compiling the Northern Tech Awards 100 League Table. Evolution Funding is currently ranked third on the 2020 table of the fastest growing technology companies in the North of England and Scotland.

Lee Streets, CEO, accepting the award via a virtual awards ceremony

Evolution Funding sweeps the board at Car Finance Awards 2019

Evolution Funding has achieved unprecedented success at the Car Finance Awards 2019, picking up four of the 20 awards on the night for Best Broker sponsored by Amigo Loans, Best Use of Technology – Risk & Compliance sponsored by Experian, Best Direct Consumer Proposition, and Best Specialist Car Finance Provider.

The awards, held at the Nottingham Belfry Hotel on June 20, mark the fourth year that the event has taken place. Celebrating the achievements of the industry from manufacturers and providers through to dealers and lenders, the night highlights the huge contribution that the motor finance industry makes to the UK economy.

Collecting the Best Broker award, CEO of Evolution, Lee Streets, commented:

“We couldn’t have hoped for a better result on the night, absolutely outstanding. This is our fourth consecutive year of being named Best Broker, and to be recognised for our technology contributions against so many strong entries is testament to the impact we are having on this industry.”

The judging panel, consisting of highly-regarded figures within motor finance and financial services authorities, highlighted how integral Evolution has become to the motor finance industry, citing their “cutting edge” approach, whilst providing “good regulatory oversight”. Of Evolution’s direct to consumer proposition, they commented that My Car Credit is “making a complex space easier for their customers”. The judges also commented that Evolution Extra was “ploughing a clear route in specialist finance to ensure the customer gets the best outcome and the dealer delivers more cars”.

These accolades follow Evolution’s third ‘Intermediary of the Year’ award at the Motor Finance Awards, held in Munich. Earlier this year, Evolution announced a significant private equity investment deal from LDC.

Picture shows l to r: Justin Moorhouse (comedian and host), Lee Streets (Evolution Funding) and Adam Newman (Amigo Loans)

Evolution Funding wins in Munich at Motor Finance Awards 2019

Evolution Funding has been named ‘Intermediary of the Year’ at the 5th annual Motor Finance Conference and Awards 2019. Held at the iconic Sofitel Bayerpost hotel in Munich, the event celebrates excellence and innovation in the European motor finance industry.

Evolution beat a record number of submissions to pick up a coveted trophy, with the independent panel of judges citing Evolution’s scale, reach, and partners, along with their e-signature process, being of merit. Their risk aggregator system and overall customer experience was praised as impressive.

Lee Streets, Evolution Funding CEO, said:

“We are delighted to be awarded ‘Intermediary of the Year’ for a third year since these prestigious awards launched in 2015. We have consistently delivered on our strategy of reinvesting into our business, with a firm focus on developing some of the most ground-breaking motor finance technology in the market. Our commitment to delivering a transparent, fair and compliant customer journey through our technology, products and processes has enabled our business and our partners to stay ahead of the curve. It is fantastic that this has been recognised by the judges.”

Collecting the award on the night, Jeremy Levine, Evolution Group Executive Director, added:

“It is testament to the hard work and commitment of our people that we have been awarded this accolade once again. We have a fantastic team of people who work tirelessly to deliver the best that the market has to offer. Whilst technology continues to drive our business forward, it is our people right across the UK who keep the cogs turning. We are grateful for their continued dedication.”

Visit Motor Finance online for the full list of winners.

Evolution Funding is ‘Best Broker’ for second consecutive year

Evolution Funding has been named ‘Best Broker’ for the second consecutive year at the Car Finance Awards 2017.

The prestigious event, which is in its second year, followed a day of networking and industry expert panel discussions around the challenges and opportunities facing the motor industry and motor finance market.

The awards were hosted by ‘original Stig’ Perry McCarthy and are judged by an independent panel of experts from both within and outside of the car finance industry. The ‘Best Broker’ category centres around business performance and growth, with a keen focus on the key performance indicators within the business.

Collecting the award on the night, Jeremy Levine, CEO of Evolution Funding, commented:

“It is something of an achievement for Evolution to receive this award for the second year running and is testament to our continued commitment to delivering market-leading products and technology to our dealer partners.
“Our people are constantly striving for ways to improve everything that we do, from innovative finance and technology solutions through to best-in-class service delivery. This award recognises the hard work that goes on behind the scenes and we are grateful to all of our teams for their focus and determination.”

The accolade adds to a successful year of recognition for Evolution Funding. They have been named Motor Finance ‘Intermediary of the Year 2017’, identified as one of London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’, named ‘Fastest Growing Larger Company of the Year’ at the Northern Tech Awards 2017 and ranked 22nd in the Sunday Times BDO Profit Track 100 league table.

Evolution Funding inspires Britain for third consecutive year

•    Evolution Funding recognised in fourth edition of London Stock Exchange Group’s 1000 Companies to Inspire Britain report
•    Identifies fastest-growing and most dynamic small and medium sized businesses (SMEs) across the UK
•    Third consecutive year of recognition for Evolution Funding

Evolution Funding has been identified as one of London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’. The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses across the UK.

To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers. More detail on the methodology can be found in the report online at www.1000companies.com.

Evolution Funding employs over 270 people UK-wide. Their main brand, Evolution Motor Finance, is the UK’s largest point-of-sale motor finance broker. The firm also has a vehicle loans business, Evolution Loans, a vehicle rentals brand called EVOGO and a vehicle retail arm, Mike Brewer Motors.

Jeremy Levine, CEO, Evolution Funding said:

“We are delighted to be recognised by the report for the third consecutive year, over which time we have been committed to reinvesting profits in a drive for growth across the group. Additional investment in technology has allowed us to optimise both operating efficiencies and the customer journey. Ultimately, we can now offer greater value to customers and dealers whilst delivering underlying profitability. Reinvestment in our business and our partnerships will continue to drive our growth strategy.”

Xavier Rolet, Chief Executive, London Stock Exchange Group said:

“Four years on, LSEG’s ‘1000 Companies to Inspire Britain’ report continues to highlight the dynamic, entrepreneurial and ambitious businesses across the country that are boosting UK productivity, driving economic growth and creating jobs. The strength and diversity of these companies is readily apparent with a broad mix of UK regions and sectors represented. These companies are the very heart of an ‘anti-fragile’ economy: more robust; more flexible and less prone to boom and bust. We must ensure we continue doing all we can to support high growth potential businesses like these.
“London Stock Exchange Group is fully committed to supporting and implementing initiatives which improve access to and cut the cost of finance for growing companies. We welcome the Government’s focus on supporting SMEs as part of its Industrial Strategy and await the outcome of its review into long-term patient capital.”

The Rt Hon Greg Clark, Secretary of State for Business, Energy and Industrial Strategy:

“I want to congratulate the 1000 companies from across the UK featured in London Stock Exchange Group’s pioneering 1000 Companies to Inspire Britain report. Championing high growth innovative SMEs is crucial for the continued success of the UK economy and a country that works for everyone. We are committed to ensuring that companies of all sizes can access finance to grow, scale-up and create high quality well-paid jobs across the country.”

A full searchable database of all of the companies along with a downloadable pdf of the publication can be found online at www.1000companies.com.

Evolution Funding growth recognition at Northern Tech Awards 2017

Northern Tech Awards 2017

Automotive funding and retailing group Evolution Funding has been named ‘Fastest Growing Larger Company of the Year’ at the Northern Tech Awards 2017.

Technology investment bank GP Bullhound this year partnered with Tech North, the government backed tech sector initiative, to find, recognise and celebrate the region’s biggest tech success stories.

The Awards recognise the top 100 fastest growing technology companies in the North and the innovative technologies they have created, as well as identifying the next British tech unicorns.

With a 58% annual revenue growth between the last three years, Evolution not only secured ‘Fastest Growing Larger Company of the Year’ but was also recognised as one of the ‘Top 50 Fastest Growing Technology Companies’, ranking 27th in the table.

Evolution CEO Jeremy Levine said:

“Evolution has consistently had a tech-first approach throughout our brands and we have invested heavily in our technology and systems to deliver a best-in-class finance solution to both our dealer partners and our customers.
“Our approach to technology development has helped to drive our growth and expansion and we are delighted to have this recognised by the prestigious Northern Tech Awards”.

The winners of the Northern Tech Awards were decided by a judging panel which included Peter Flint, Founder of real estate site Trulia, along with senior figures within successful businesses such as Barclays, Boohoo, Sky Betting and Gaming, Sage and Wired magazine.

Evolution Funding ‘Intermediary of the Year’ for second consecutive year

Leading motor finance broker Evolution Funding has been named Intermediary of the Year 2017 at the prestigious annual Motor Finance Awards. This marks the second consecutive year that Evolution has been awarded the title. They were also nominated for Best Digital Innovation.

Held in conjunction with the leading car finance industry journal and Verdict briefing service Motor Finance, this year’s event was hosted at the Westin Grand Hotel in Frankfurt on 16th March.

The awards recognise achievements in the European motor finance industry and challenged candidates to share their recent successes. All winners were selected by an independent judging panel, and by Motor Finance’s editorial team members.

Jonathan Minter, Editor of Motor Finance, said:

“These awards highlight the quality and range of providers and products available to consumers looking to purchase a car on finance, and to recognise some of the best of the best in the industry. The quality of the nominees entering this year’s Motor Finance Awards was extremely impressive. The competition in the categories was extremely tight, and I would like to personally congratulate all of the finalists, as well as the category winners.
I would also like to thank each of our expert independent judges, who spent hours reading over the nominees, and judging each category.”

The 2017 Motor Finance Awards gala dinner was preceded by a day conference that brought together captive finance representatives, banks, leasing companies, automotive finance professionals and industry disruptors in discussions around key issues the industry is currently facing across Europe and globally – regulatory updates, leasing developments, consumer behaviour, fleet management and the rise of digital.

The Winners of the 2017 Motor Finance Awards are:

Captive Finance Company of the Year 2017: Hyundai Capital

Intermediary of the Year 2017: Evolution Funding

Sub-Prime Lender of the Year 2017: Billing Finance

Legal Provider of the Year 2017: Shoosmiths

Fleet Services Provider of the Year 2017: Alphabet

Best Finance Product 2017: Codeweavers

Digital Innovation of the Year 2017: Bonafidee

Digital Innovation of the Year: Fleet: Volkswagen Financial Services

Digital Innovation of the Year: Consumer Lending: BMW Group Financial Services

Non -Bank Owned Independent Finance Provider of the Year: Blue Motor Finance

Bank Owned Independent Finance Provider of the Year: Close Brothers Motor Finance

Rising Star 2017: Kelly Kane

Industry Ambassador: Peter Cottle

Evolution Funding named F&I ‘Broker of the Year’ 2016

Evolution Funding has been named F&I Conference & Awards 2016 ‘Broker of the Year’ for the second consecutive year.

The conference and awards, which are now in their sixth year, feature a day of industry-leading debate and discussion, followed by an evening of recognition for the best performers in the industry.

The category, which is awarded based on nominations from motor dealers, invited evidence of how their broker partner had consistently proven to be a trusted and valuable addition to their F&I offering.

Accepting the award on the evening, Jeremy Levine, Chief Executive Officer, said:

“Our business is driven by our dealer partners and we work hard to build and deliver on those partnerships. It is fantastic that our dealers value us highly enough to nominate us for a prestigious, industry-recognised award.
“We are proud to have a dedicated and innovative team of people who work tirelessly to deliver to the highest standards and winning this award yet again is testament to all the hard work that goes on behind the scenes.
“We’re a company that never stands still and we’re committed to helping our dealer partners embrace the opportunities that future developments in finance and digital present.”

The award rounds off another successful year of recognition for Evolution Funding which saw them named ‘Motor Finance Intermediary of the Year 2016’, listed in the Investec Mid-Market 100, identified as one of London Stock Exchange’s ‘1000 Companies to Inspire Britain’ and named in the Top 50 Fastest Growing Tech Companies at the Northern Tech Awards 2016.