A Way Way Up
Experienced fintech empowering upward social mobility in diverse communities around the world with innovative and sustainable financial solutions
Group's profile
About
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, 54% of the group's portfolio is located in Europe, 34% in Africa, and 12% in the rest of the world.
The Group's historical customer base surpasses 1.4 mln customers worldwide, while the total volume of loans issued exceeds EUR 2.1 bln. 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 3292 employees. For two consecutive years, the Group was listed among Europe’s 1000 fastest-growing companies published by the Financial Times in 2020 and 2021, while in 2024, Eleving Group was ranked as the 41st fastest-growing European company in the last decade in 'Europe's Long-Term Growth Champions 2025' research by Financial Times and Statista.
Key milestones
Eleving Group product lines
Global presence
LatviaShare of portfolio4.3% (11.7%*)*incl. PrimeroLithuaniaShare of portfolio7.7%EstoniaShare of portfolio3.4%RomaniaShare of portfolio12.9%MoldovaShare of portfolio4.8%MoldovaShare of portfolio5.1%AlbaniaShare of portfolio10.2%North MacedoniaShare of portfolio5.7%KenyaShare of portfolio11.7%UgandaShare of portfolio7.1%BotswanaShare of portfolio5.8%NamibiaShare of portfolio3.8%ZambiaShare of portfolio3.2%LesothoShare of portfolio1.9%GeorgiaShare of portfolio5.1%ArmeniaShare of portfolio4.6%UzbekistanShare of portfolio2.6%News
According to the data from J.P. Morgan, the largest U.S. investment bank, in June 2025 the European corporate bond market saw a record-high volume of high-yield bond issuances. The total monthly volume in this segment reached EUR 23 billion, passing the previous record set four years ago, in June 2021; yet it was about EUR 5 billion lower compared to June this year.
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Eleving Group, a publicly listed international financial technology company, ended the first six months of this year with a revenue of EUR 117.5 million, which is 10.8% higher compared to the same period last year. The Group’s adjusted EBITDA for the first half of 2025 was EUR 45.3 million, while net profit reached EUR 15.2 million.
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