A Way Way Up
Experienced fintech empowering upward social mobility in diverse communities around the world with innovative and sustainable financial solutions
Group's profile![A Way Way Up](https://core.eleving.com/img/QyyrhQV9r9JWrIESFkO1pRBo6azh4oRS.png?w=50&h=25&q=75&fit=max&blur=5)
![Eleving Group at a glance](https://core.eleving.com/img/STvzfvIEKQzIh2MN0v2RjbAwJ2WywMtp.png?w=50&h=25&q=75&fit=max&blur=5)
About
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 660,000 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 2800 employees.
Key milestones
![LV](/images/flags/lv.png)
![LT](/images/flags/lt.png)
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![LV](/images/flags/lv.png)
![MD](/images/flags/md.png)
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![LV](/images/flags/lv.png)
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Eleving Group product lines
![Vehicle loan products](https://core.eleving.com/img/hsoN5M3pxtKQGVRU/c121709c2afb940e8896236204230aca.png?w=50&h=25&q=75&fit=max&blur=5)
![Flexible loans](https://core.eleving.com/img/hsoN5M3pxtKQGVRU/d2a58a547e3e5b685a3bf88df9150316.jpeg?w=50&h=25&q=75&fit=max&blur=5)
![Subscription-based products](https://core.eleving.com/img/hsoN5M3pxtKQGVRU/231a5a2b69f61b4a09acd1ad50b17511.png?w=50&h=25&q=75&fit=max&blur=5)
![Consumer products](https://core.eleving.com/img/hsoN5M3pxtKQGVRU/e667b4038f431f06f56ab50e52149658.jpeg?w=50&h=25&q=75&fit=max&blur=5)
Global presence
![Continental Europe](https://core.eleving.com/img/VpjeQsB3GZpBfFicjmOGXa7TIOrY5gBs.png?w=50&h=25&q=75&fit=max&blur=5)
![Africa](https://core.eleving.com/img/hoK28V7YnWnWbRgHnop8s2wAxAr26NLe.png?w=50&h=25&q=75&fit=max&blur=5)
![Rest of the world](https://core.eleving.com/img/xGw8N4oO0NRGFd6hzXtp1u0WIDNQaZH1.png?w=50&h=25&q=75&fit=max&blur=5)
![Latvia](/images/flags/lv.png)
![Lithuania](/images/flags/lt.png)
![Estonia](/images/flags/ee.png)
![Romania](/images/flags/ro.png)
![Moldova](/images/flags/md.png)
![Moldova](/images/flags/md.png)
![Albania](/images/flags/al.png)
![North Macedonia](/images/flags/mk.png)
![Kenya](/images/flags/ke.png)
![Uganda](/images/flags/ug.png)
![Botswana](/images/flags/bw.png)
![Namibia](/images/flags/na.png)
![Zambia](/images/flags/zm.png)
![Lesotho](/images/flags/ls.png)
![Georgia](/images/flags/ge.png)
![Armenia](/images/flags/am.png)
![Uzbekistan](/images/flags/uz.png)
News
Eleving Group, while exploring IPO opportunities in the Baltics and Frankfurt, has disclosed its financial goals for the coming years. According to the projections, the company plans to nearly double its profit in three years.
Read more![Eleving Group reveals its growth projections, targeting nearly double the profit by 2026](https://core.eleving.com/img/zCakR1Jzv3ODz2ud/Double-the-profit_WEB-2.png?w=50&h=25&q=75&fit=max&blur=5)
During the second quarter, Eleving Group delivered robust business performance, achieving EUR 43.7 mln in adjusted EBITDA and increasing its net profit to EUR 14.9 mln, or by 32% compared to a year ago.
Read more![Return to accelerated growth backed by historically highest profitability](https://core.eleving.com/img/SqeaKu0E9R8ZWXhK/Eleving_WEB_Q2_2024-960x720-c.webp?w=50&h=25&q=75&fit=max&blur=5)
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