Evolution's Darwin Group announce £75m funding facility

Joining the original funding partners, NatWest and Shawbrook Bank, are Insight Asset Management and another UK based private credit manager.

Evolution and its sister company Progressive Money have lent over £120m in the last five years.

Steve Brilus, Chief Executive of Darwin, said: "We are entering an exciting new phase of growth and I am delighted to have such forward-looking and supportive funding partners investing in our business. This funding provides the springboard to enable us to achieve our ambitious plans and to take Evolution and Progressive Money to the next level."

Mat Beaver, Managing Director of Darwin, added: "We are grateful to Nick Parkhouse and the team at EY for facilitating this transaction. They have worked closely with us in understanding our business and our plans, and have supported us throughout the process.”