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Eleving Group reports on record-high financial results for 2021
Eleving Group (former Mogo Finance) reports unaudited results for the twelve months of 2021, concluding 2021 as the best financial year in the company’s history. The Group’s revenue for 12 months has been EUR 152.2 million, and net profit reached EUR 8.8 million, which is an impressive leap compared to the EUR 1.1 million profit…
Eleving Group (former Mogo Finance) reports unaudited results for twelve months ended 31 December 2021
OPERATIONAL AND STRATEGIC HIGHLIGHTS Record-high twelve-month sales (ended 31 December 2021) achieved by best-to-date issuances (EUR 106 million) in Q4 2021, marking a remarkable year-on-year growth of 108% Substantial increase in performance levels (Key Performance Indicators): annual revenue up by 55% (y-o-y), surpassing EUR 150 million in 2021 annual adjusted EBIDTA up by 57% (y-o-y),…
Eleving Group has issued loans of a billion euros
Eleving Group has achieved a milestone of the total amount of loans issued since inception reaching one billion euros. This has been accomplished by serving more than 500 000 customers in 14 markets on three continents and financing more than 300 000 vehicles. “On our way to this milestone, we have evolved from a used…
Eleving Group announces issuance and settlement of EUR 25 million subordinated bonds
Riga, Latvia, 29 December 2021 Eleving Group (formerly known as Mogo Finance S.A.), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, has issued subordinated bonds in the amount of EUR 25 million with a maturity of ten years (ISIN: XS2427362491). The subordinated bonds were issued with an annual…
Eleving Group reports on record-high financial results for the nine months of 2021
Eleving Group (former Mogo Finance) reports unaudited results for the nine months of 2021, conclusively determining the company’s course to the best financial year in its history. The group’s revenue for nine months has been EUR 112.6 million and net profit reached EUR 9.2 million, which is an impressive leap compared to the EUR 2.5…
Eleving Group reports unaudited results for the nine months ended 30 September 2021
Record profitability as a result of steady operational and financial performance OPERATIONAL AND STRATEGIC HIGHLIGHTS Record-high nine-month (ended on 30 September 2021) disbursement of loans driven by strong q-o-q performance, reaching the quarterly CAGR of 18.4% for 2021 Key performance indicators by now already exceeding full last years` results: revenue EUR 112.6 million, EBITDA EUR…