Evolution Funding appoints Daniel Reeve as chief technology officer

Evolution Funding hopes to accelerate its plans to lead digital change in automotive finance after appointing Daniel Reeve as chief technology officer.

The leading independent motor finance broker and technology provider’s new recruit has previously held CTO roles at one of UK’s leading car park management companies and Capita (Travel and Events) and was also technical director at Fraedom, part of Hogg Robinson Group plc.

Paul Saggar, Chief Innovation Officer at Evolution, said: “We are delighted to further strengthen our technology offering with this exciting appointment.

“We are fully committed to delivering best-in-class digital finance journeys for our partners and their customers, and we continue to invest in order to support our growth plans.

“Dan’s significant experience will enable us to accelerate our plans, whilst taking us closer to our vision to lead change and digital innovation in motor finance.”

In October last year Evolution picked up two awards at the 6th annual Motor Finance European Conference and Awards 2020, including Intermediary of the Year, for the fourth year.

Its awards success came after the business reported a record number of finance proposals through its online platform as the automotive retail sector emerged from the first COVID-19 lockdown in June, 2020.

The company also reported a jump in online self-serve finance during last year’s H1 lockdown.

Commenting on his new role, Reeve said: “I am delighted to be joining Evolution Funding and I am looking forward to becoming part of a fantastic team within such a dynamic sector.

“My focus will be on driving forward the development of our market-leading digital finance solutions, whilst building out the Vision and strategy of the executive team.

“Evolution has already come such a long way and I’m looking forward to supporting the business to the next level of growth and success.”