ePrivacy and GPDR Cookie Consent by Cookie Consent Eleving Group

A Way Way Up

We are an international FinTech company that enables upward social mobility in diverse communities around the world by creating access to innovative and sustainable financial solutions

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Elevating Financial
Technology for Better Social Mobility

INNOVATION
Eleving

We drive innovation in financial technology to provide value to our customers

Accesibility
Eleving

We offer accessible and convenient vehicle financing across diverse communities around the world

Eleving

We offer accessible and convenient consumer financing across diverse communities around the world

Opportunity
More mobility

People with access to enhanced mobility have greater opportunities in life

More opportunities

People with access to greater opportunities have a more satisfying life

way up
Social mobility

Enhanced mobility and greater opportunities create more vibrant communities with smoother upward social mobility

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About

Eleving Group is an international and fast-growing financial technology company with a vast reach across the globe. The Group operates in three continents, facilitating financial inclusion and disruptively changing the financial services industry wherever it goes.


The transparency provided by the Group’s presence in the international capital market, the Group’s innovative financial solutions, a talented team of more than 2 760 professionals, and focus on ESG issues are bringing its powerful and ambitious mission to life.


Founded in Latvia in 2012, the Group has revolutionized vehicle purchasing and access to financial solutions. Having expanded throughout the Baltic region within its first year of business, the Group has continued its expansion over subsequent years, servicing a total of 16 active markets in 2023. The Group has its headquarters in Latvia and now operates in the Baltics, Central, Eastern, and South-Eastern Europe, the Caucasus, Central Asia, and Eastern Africa.


The Group has been recognized on the Financial Times’ list of Europe’s 1 000 fastest growing companies twice since 2020.


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320 000
Active Customers
17
Markets Around the World
2 760+
Talented Employees
2 200+
Partner Locations
1.6b+
Loans Issued (EUR)
10
Brands
82m
EBITDA (EUR, 12M23)
320m
Portfolio (EUR,12M23)
191m
Revenue (EUR, 12M23)
26m
Net Profit After FX (EUR, 12M23)

News

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An outstanding year with promising prospects for robust growth in the future 

Eleving Group has announced unaudited results for the 12M ended on 31 December 2023. The Group has recorded EUR 77.2 mln in EBITDA and EUR 191.1 mln in revenues.

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Eleving Group raises EUR 10 mln for further business expansion in Romania

Eleving Group has just raised EUR 10 mln for its business in the Romanian market. The funding has been raised from ACP Credit, Central Europe's leading provider of financing solutions for

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Our Way
Way Up

2012
  • Founding of Mogo in Riga, Latvia
2013
  • Launch of business in Lithuania and Estonia
  • Milestone reached of €1 million loans issued per month
2014
  • €20 million bonds issued in the NASDAQ OMX Baltic Market
  • Milestone reached of 10 000+ customers
  • Launch of business in Georgia
2015
  • Mogo attracts €23 million mezzanine growth capital
  • First loan listed on the Mintos marketplace
2016
  • Launch of business in Romania
  • Net loan portfolio reached the €50+ million level
2017
  • Launch of business in Armenia and Moldova
  • Milestone reached of 50 000+ customers
2018
  • Introduction and launch of the regional HUB concept
  • Launch of business in Belarus and Uzbekistan
  • Mogo Finance issues €50 million corporate bond on Frankfurt Stock Exchange
  • Milestone reached of €25 million annual EBITDA
  • Eurobond tapped reaching a total level of €75 million on Frankfurt Stock Exchange
  • Net loan portfolio reached €100+ million
2019
  • Milestone reached of 100 000+ customers
  • First car portals launched in Lithuania and Latvia
  • Launch of business in Kenya and Uganda
  • Fitch Rating B- received
  • Eurobond tapped reaching a total level of €100 million on Frankfurt Stock Exchange
  • “Primero” near-prime car loan joint venture launched in collaboration with EU bank in Latvia
  • Milestone reached of €30 million annual EBITDA
2020
  • Acquisition of 3 consumer lending businesses in Moldova, North Macedonia and Albania
  • Mogo Finance is recognized by the Financial Times as one of the 1 000 Fastest Growing European companies
  • Milestone reached with the historically highest €45 million EBITDA
  • Milestone reached of 200 000+ customers
  • Loan portfolio reached €200+ million
2021
  • Mogo Latvia bonds issued in the amount of EUR 30 million on the Nasdaq Baltic Stock Exchange
  • Mogo Finance rebranded to Eleving Group
  • Mogo Finance is recognized by Financial Times second consecutive time as one of the 1 000 Fastest Growing European companies
  • First Eleving Group`s non-financial statements published
  • Fitch Ratings affirmed Eleving Group`s Long-Term Issuer Default Rating at “B-“; Outlook Stable
  • Eleving Group corporate bonds issued in the amount of EUR 150 million on the Frankfurt Stock Exchange
  • Eleving Group subordinated bonds issued in the amount of EUR 25 million on the Nasdaq Baltic Stock Exchange
  • Milestone of 2 000+ employees reached
2022
  • Milestone of the total amount of loans issued since inception reaching one billion euros achieved
2023
  • Eleving Group received 1st place in Nasdaq Baltic Awards in the category of Best Investor Relations on the First North Bond List.
  • Integration of EC Finance Group into the Eleving Group business portfolio.

Global
Outreach

Global
Outreach

LV Latvia
LT Lithuania
KE Kenya
UG Uganda
EE Estonia
MD Moldova
RO Romania
MK North Macedonia
UZ Uzbekistan
AM Armenia
AL Albania
GE Georgia