A Way Way Up
Experienced fintech empowering upward social mobility in diverse communities around the world with innovative and sustainable financial solutions
Group's profileAbout
Eleving Group has driven innovation in financial technology around the world since its foundation in Latvia in 2012. As of today, the group operates in 16 markets and 3 continents, encouraging financial inclusion and upward social mobility in underserved communities around the globe. Eleving Group has developed a multi-brand portfolio for its vehicle and consumer finance business lines, with around 2/3 of the portfolio comprising secured vehicle loans and mobility products, with Mogo as the leading brand, and around 1/3 of the portfolio including unsecured consumer finance products, with Kredo and Tigo as the segment’s flagship brands. Currently, 55% of the group's portfolio is located in Europe, 32% in Africa, and 13% in the rest of the world.
The Group's historical customer base exceeds 1.3 million customers worldwide, while the total volume of loans issued goes beyond EUR 1.8 billion. With headquarters in Latvia, Lithuania, and Estonia and a governance structure in Luxembourg, the Group ensures efficient and transparent business management, powered at the operational level by over 2800 employees.
Key milestones
Eleving Group product lines
Global presence
News
During the nine months of 2024, Eleving Group delivered strong business performance, achieving EUR 65.0 mln in adjusted EBITDA and increasing its net profit to EUR 21.9 mln, or by around 15% compared to a year ago.
Read moreEleving Group is ranked 41st overall and 3rd in the Fintech, Financial Services, and Insurance category. It is the only Latvian company on the entire ‘Europe's Long-Term Growth Champions 2025’ list and the highest-ranked company from the Baltics.
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