Raising finance through capital markets has become an increasingly common component of companies' long-term business development strategies in recent years. However, to do this successfully, you need to keep in mind a number of things, which we have listed in this article.
Eleving Group has announced unaudited results for the six months ending 30 June 2023. The Group recorded a steady financial performance during the quarter, with revenues of EUR 90.6 mln, while the net portfolio reached EUR 295.1 mln.
Modestas Sudnius (CEO) and Māris Kreics (CFO) have just been interviewed by BondGuide, a German media outlet providing up-to-date information on the market for fixed-income securities issued primarily by medium-sized companies. The interview briefly covers topics such as the Eleving Group's performance in recent years, the view on what is happening on the capital markets, and discusses current events at the company.
Eleving Group has started the process of integrating EC Finance Group Ltd., better known as ExpressCredit, a consumer finance provider operating in the Southern Africa region, into its direct subsidiary AS Eleving Finance. As a result of the transaction, Eleving Group takes over the company's assets, subsidiaries, and client portfolio and increases Eleving Group’s equity.
Fitch Ratings has affirmed Eleving Group's Long-Term Issuer Default Rating (IDR) at 'B-', with a Stable Outlook. Fitch has also affirmed Eleving's senior secured debt rating at 'B-' with a Recovery Rating of 'RR4'.
Global fintech company Eleving Group has raised USD 7 mln from the Verdant Capital Hybrid Fund to boost the vehicle financing business and the introduction of sustainable mobility products in Kenya.