Eleving Group (19.11.2024)

Eleving Group

Issuer: Eleving Group S.A.
Core business: Financial services
Auditor: KPMG Luxembourg

Management Board:
Modestas Sudnius (Chairman), Māris Kreics, Sébastien François, Delphine Marie-Paul Glessinger

Background information: 
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, with Kredo and Tigo as the segment’s flagship brands. Currently, 57% of the group's portfolio is located in Europe, 30% in Africa, and 13% in the rest of the world.

The Group's historical customer base exceeds 660,000 customers worldwide, while the total volume of loans issued goes beyond EUR 1.7 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 2700 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 Q1 of 2024 with strong financial results—its adjusted EBITDA reached EUR 22.0 mln, revenues EUR 51.8 mln, and adjusted net profit before FX EUR 7.8 mln. Eleving Group’s net portfolio landed at EUR 330.5 million. 

Contacts: 
Address:  52 Skanstes Street, Riga, Latvia, LV-1013
Webpage: www.eleving.com
E-mail: info@eleving.com