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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


Elevating Financial
Technology for Better Social Mobility


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


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


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

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



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.

320 000
Active Customers
Markets Around the World
2 760+
Talented Employees
2 200+
Partner Locations
Loans Issued (EUR)
Portfolio (EUR,12M23)
Revenue (EUR, 12M23)
Net Profit After FX (EUR, 12M23)


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Fitch upgrades Eleving Group to 'B' with a stable outlook

Fitch Ratings has upgraded Eleving Group's Long-Term Issuer Default Rating (IDR) from 'B-' to 'B' with a stable outlook. Also, the Group's senior secured debt rating was upgraded to 'B' with

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Eleving Group appoints an international Supervisory Board 

Eleving Group has appointed a supervisory board as it continues the process of evaluating a potential IPO. The functions of the Supervisory Board will henceforth be executed by Lev Dolgatsjov,

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Our Way
Way Up

  • Founding of Mogo in Riga, Latvia
  • Launch of business in Lithuania and Estonia
  • Milestone reached of €1 million loans issued per month
  • €20 million bonds issued in the NASDAQ OMX Baltic Market
  • Milestone reached of 10 000+ customers
  • Launch of business in Georgia
  • Mogo attracts €23 million mezzanine growth capital
  • First loan listed on the Mintos marketplace
  • Launch of business in Romania
  • Net loan portfolio reached the €50+ million level
  • Launch of business in Armenia and Moldova
  • Milestone reached of 50 000+ customers
  • 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
  • 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
  • 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
  • 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
  • Milestone of the total amount of loans issued since inception reaching one billion euros achieved
  • 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.



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