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Evolution Funding Group becomes Centeca as £6.5bn platform strategy accelerates

18.06.26

Evolution Funding Group has announced its rebrand to Centeca, reflecting the transformation of the business into one of the UK’s largest automotive commerce and fintech platforms, facilitating more than £6.5 billion in annual advances across finance, digital retail, and compliance.
The new identity marks the next phase in the company’s growth and follows over 20 years of growth and diversification, during which the business has evolved beyond its finance roots through platform investment, technology development and strategic acquisitions.
Today, Centeca supports more than 5,500 transacting retailers, powers four OEM finance journeys, integrates with over 35 whole-of-market lenders and maintains over 20 integration partnerships across the automotive sector. The Group combines specialist brands, proprietary technology and extensive data capabilities built through years of platform activity and industry expertise.

The rebrand comes as automotive retail undergoes significant digital transformation, with finance, retail technology, compliance and customer experience becoming increasingly interconnected. At the same time, retailers, lenders and partners are seeking greater integration, automation and operational efficiency across increasingly complex customer journeys.

At the centre of Centeca’s strategy is the Group’s proprietary platform architecture designed to connect areas of automotive commerce that have historically operated in isolation. The platform enables organisations across the automotive ecosystem to operate through a more integrated and efficient operating model.

A key differentiator for Centeca is its data capability. Through more than 20 years of transaction history, platform activity and retailer engagement, the business has built one of the industry’s most comprehensive views of automotive commerce. This insight helps power decisioning, automation, lender connectivity and platform intelligence across the ecosystem.

Over recent years, the business has expanded through the acquisition and development of specialist brands including Click Dealer, Motion Finance, Creditas and Automotive Compliance, alongside continued investment in proprietary technology and platform capability.

The Group’s platform strategy is already delivering measurable outcomes through Dealer in a Box, its integrated retail, finance and compliance proposition. The solution recently received Credit Strategy’s Innovation Award 2026, recognising its ability to simplify and connect multiple stages of the automotive retail journey.

Lee Streets, chief executive officer at Centeca, said:

"This is more than a change of name. It marks an important milestone for the business and recognises how far we have come.

"We have built a strong group of specialist brands, developed significant technology and data capabilities, and created foundations that position us for continued growth. Centeca gives us a Group identity that better captures who we are today and where we are heading.

"The future of automotive commerce will be shaped by how well providers connect people, systems and data. Our focus is on creating the infrastructure that enables businesses to operate more effectively within an increasingly digital market."

Duncan Josey, chief strategy officer at Centeca, added:

"For many years, automotive retail has been built around disconnected systems and fragmented processes. Finance, retail technology and compliance have operated independently of one another, creating complexity for retailers and friction for consumers.

"As the market continues to evolve, those boundaries are becoming increasingly blurred. The name Evolution Funding Group has served us incredibly well, but it no longer reflects the breadth of our proposition.

Centeca better represents our role within the wider automotive ecosystem and the unique combination of technology, data and specialist expertise we are bringing together through our platform strategy.”

The launch of Centeca follows a period of sustained growth supported by investment from LDC, the private equity arm of Lloyds Banking Group, and global investment firm Carlyle.

Looking ahead, Centeca will continue investing in platform development, data capabilities and strategic growth opportunities as it seeks to address areas of fragmentation and inefficiency across the wider automotive ecosystem.

For customers, partners and lenders, the rebrand will not affect existing services, relationships or points of contact.