Launching the financial literacy platform is a continuation of Eleving Group's commitment to educating its clients about personal budget planning and making informed financial decisions. The platform is now live on the websites of the Group’s brands in Latvia.
The companies have joined forces to promote climate-neutral mobility in Kenya by offering e-motorcycle financing services to local customers.
Eleving Group's CEO Modestas Sudnius has been interviewed by one of the largest and oldest Latvian business media, 'Dienas Bizness'. During the conversation, Modestas discussed the business results of previous years, the impact of economic stagnation on lending, new products, emphasized on the way Eleving Group is thinking about the business operations, and the overall situation in the Latvian Fintech industry.
Almost all funding sources have become more expensive and harder to obtain. In the case of Eleving Group, the decision to participate in the capital markets by placing public and private debt securities (bonds) and the subsequent work in 2021 on the issue of new bonds to attract funding and refinance the previous bonds is of decisive importance today.
Multi-brand fintech company Eleving Group has experienced a successful three-month run, enjoying the strongest financial position to date. The company has increased its nine-month adjusted EBITDA to EUR 53.5 mln and reached a record-high EUR 17.7 mln in adjusted net profit.
Eleving Group's story about the management of international business from Latvia.