Evolution Funding, a B2B car finance broker with market-leading technology, has secured investment from mid-market private equity investor LDC to support its expansion. The transaction values the business at £110m.
The firm’s Evolve technology and digital customer journey is used at point of sale in dealerships, and also online during the process of researching or purchasing a used vehicle, to deliver brokered motor finance solutions from a panel of 34 funders. This helps dealers and customers secure vehicle finance with rapid online decisions and at competitive rates.
The BDO approach was very impressive and the level of communication and focus ensured the required deadlines were achieved. The team were a pleasure to work with and the final report was of an excellent standard. We really appreciated their advice and support and would certainly use BDO again on any future transaction.
Jeremy Levine, Co-Founder and Chief Executive Officer, Evolution Funding