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Product Portfolio Overview

Vehicle Leasing


Vehicle Rental


Premium Car Leasing


Boda Loan




Car Subscription

Renti plus

Consumer Loan

kredo tigo Sebo

Credit Line

Eleving Group

Mogo is the leading brand in the Eleving Group portfolio. Founded in Latvia in 2012, Mogo revolutionized the way people purchase used cars. Expanding to all the Baltic countries within a year of its launch in Latvia, Mogo grew in the following years, spreading to 11 markets by 2021. Mogo changed the used vehicle market everywhere it went, by providing accessible financing for people with, up till then, limited access to funds.

Mogo recently made a bold shift, focussing on productive lending in developing countries. Productive lending means primarily financing vehicles for customers as a means to earn a living, or alternatively, to increase their income from existing businesses. This is achieved mainly by financing motorcycle taxis (Boda-Boda) in Africa.

Eleving Vehicle Finance provides a variety of products and services through developing different brands. It fills a funding gap, providing innovative financial solutions across the globe, which contribute to the empowerment of diverse communities, including local entrepreneurs.

Products & Brands

Vehicle leasing

The main vehicle financing products are financial leasing, where customers use Mogo services to acquire vehicles, and leaseback financing, where the customer sells and leases the vehicle that it owns back to Mogo. It is an understandable, accessible, and affordable product, designed to assist customers in under-served segments of the market. Vehicle leasing is providing mobility to those people who were previously denied access to funds.

Vehicle rental

A rent-to-buy product. Designed with ultimate flexibility in mind so that customers can choose the vehicles they want, with the peace of mind that they are not locked into a contract for the same vehicle forever.

Premium car leasing

Bank rates with fintech speed, exceptional customer service and flexibility. Focused on serving the near-prime segment, which is searching for the best quality, more expensive vehicle.

Boda Loans

(Boda-Boda) motorcycle taxi loans in emerging markets. Financing new motorcycles and three-wheelers (Tuk-Tuks) used for carrying passengers or delivering goods. For self-employed riders who use their motorcycles to generate income and provide for their families.


Secured loans, provided to clients who already own their vehicle, but find themselves needing extra money. With leaseback, they gain access to an affordable loan and can continue using the same vehicle.

car subscription

Subscription product of brand-new cars for clients searching for immediate mobility solutions. An open contract that allows customers to lease a car from one to up to 36 months. The single and fixed monthly subscription price includes all car maintenance and upkeep costs.


Supporting Projects

Connecting customers with car dealers

In addition to its core business activities, Eleving Vehicle Finance has also developed proprietary car sales portals in various world regions. There are currently more than 10 000 cars listed on its portals across 10 markets in Europe, Asia and Africa.

Eleving Group

Eleving Consumer Finance’s business entities focus on markets where there is a need for financial inclusion and communities that are under-served by the conventional finance industry. In most cases, there is no “middle way” between difficult-to-access bank financing and very limited expensive short-term loans.

Cash economy market conditions exist in most markets that Eleving Consumer Finance entities enters. Our companies are, therefore, often the only ones which offer both online and offline customer service experiences. With more than 90 branches across Moldova, North Macedonia, and Albania we can offer flexible financial products, from credit lines to instalment loans, with a focus on providing access to substantial amounts of money in the most convenient way at affordable rates.


Products & Brands

consumer loans

The main consumer financing product is a short-term unsecured loan designed to help our customers solve their urgent needs, connected mainly with household issues. This short-term financial solution is designed to be paid in full at the end of the loan term, which can extend from 7 to up to 30 days.


For customers with greater needs for financial input, we offer a long-term unsecured loan, where regular monthly fee payments are scheduled, and the principal is repaid at the end of the loan term.

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