Member Article

Manchester loans company to create 29 new jobs following £100m funding

Evolution Money has revealed it is planning to embark on a major expansion drive at its Manchester base with a recruitment drive for new roles right across its business.

The firm, which is part of the Darwin Group, will create 29 new roles from director level right the way through to entry level and management roles in business development, compliance and quality, customer services and finance at its Portland Street office.

Founded in 2011, the loans company works with consumers who have been turned away from high street lenders to offer secured and unsecured loans under its Evolution Money and sister brand Progressive Money.

In the intervening six years the finance business has grown its loan portfolio to over £140m and placed 29th in the the 2016 Sunday Times Fast Track 100, recognising it as one of the fastest growing companies in the UK.

Mat Beaver, Managing Director of Darwin Group said: “We are entering an exciting new phase following our funding injection earlier this year, delivering upon our stated intention to accelerate our growth plans, becoming a leading UK consumer finance brand that offers an alternative to the high-street banks and other loan providers.

“It has always been our intention to bolster our Manchester headquarters and build a team that is based in the city where we were founded.”

The recruitment drive comes after Evolution Money announced a £100m funding injection earlier this year which will be funnelled into this latest recruitment drive as well as growing its loan portfolio.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →