Eleving Group is ranked 41st overall and 3rd in the Fintech, Financial Services, and Insurance category. It is the only Latvian company on the entire ‘Europe's Long-Term Growth Champions 2025’ list and the highest-ranked company from the Baltics.

Eleving Group has distinguished itself in a highly competitive arena, demonstrating fast, organic, and consistent growth despite the turbulent economic period of the last decade. During this period, the company's turnover increased from EUR 3m in 2013 to more than EUR 189m in 2023, marking an increase of over 6200%.

Eleving Group has been particularly successful from 2016 to 2023, when the company showed an overall portfolio growth of 26%, thus rapidly increasing both turnover and profit.

‘Europe's Long-Term Growth Champions 2025’ list ranks the top 300 companies in Europe based on their percentage revenue growth between 2013 and 2023. To be considered for this ranking, companies must have met several criteria: they must have their headquarters in Europe, generate at least EUR 100k in revenue in 2013, and reach at least EUR 10m in revenue by 2023. Additionally, their revenue growth during this period must be primarily organic.

The study was carried out by the world-renowned British business newspaper Financial Times in collaboration with Statista, a German online platform that specializes in data gathering and visualization. It cements the ranks’ credibility as one of the most recognized growth benchmarks in Europe.

The full ranking is available here: Europe’s Long Term Growth Champions

About Eleving Group 

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. 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 1.3 million 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 over 2800 employees. For two consecutive years, the Group was listed among Europe’s 1000 fastest-growing companies, as published by the Financial Times in 2020 and 2021.  

The Group closed 2023 with strong financial results—its adjusted EBITDA stood at EUR 77.5 million, revenue at EUR 189.3 million, and adjusted net profit at EUR 24.5 million. Eleving Group’s net portfolio reached EUR 320.3 million. In 2024, Fitch, a leading credit rating agency, upgraded Eleving Group's rating from B- to B with a stable outlook.