- Sector: ELITE
- Region: East Midlands
The wheel deal
Whether someone wants to rent a vehicle or finance the purchase of one, Evolution Funding offers them a solution. The company’s 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.
CEO Jeremy Levine says: “Our portfolio of complementary, best-in-class brands, products and services are designed to put the customer first and help our partnerships to grow.” And grow they have, with the company now working with more than 2,500 approved partner dealerships and groups across the UK. In 2016, it funded more than 35,000 vehicle loans for both private and business customers.
“Our biggest opportunities have come through embracing technology and regulatory change”
“Our success hinges on creating strong, prosperous and mutually beneficial partnerships,” he says. “We’ve worked hard to form and nurture partnerships with a wide range of stakeholders, from our dealers and funders through to our advisers, suppliers and customers.”
Technology is crucial to the company’s offering, with its DealerZone platform enabling faster decisions on loans and car purchases to be made. “Our biggest opportunities have come through embracing technology and regulatory change,” says Jeremy. “With a strong culture of innovation and improvement, Evolution Funding has used its market-leading technologies and unique data insights to drive a more agile, sophisticated approach to delivering motor finance.”
- 35,000 - Number of vehicle loans funded for either private or business customers in 2016
With the business growing fast, Evolution Funding expects staff numbers to increase from 270 to more than 330 over the course of 2017 – which makes having the right recruitment policy vital to the continued health of the company. “For us, attitude is everything,” says Jeremy. “We look for the best people, but that doesn’t need to mean the best education or the longest industry experience. What’s really important to us is that our people are passionate, focused, creative, positive and committed.”