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strongcorporategovernance

Explore our leadership, shareholder structure, and corporate governance framework.

Eleving Group is headquartered in the Baltics, domiciled in Luxembourg, and operates in 18 markets.

experiencedmanagement team

Eleving Group’s leadership possesses broad fintech expertise and a strong understanding of global markets.

supervisory board

  • MGMarcis Grinis
    Mārcis GrīnisChairman
  • LDLev Dolgatsjov
    Lev DolgatsjovMember
  • DUDerek Urben
    Derek UrbenMember

management board

  • MSModestas Sudnius
    Modestas SudniusChief Executive Officer
  • MKMaris Kreics
    Māris KreicsChief Financial Officer
  • DMDelphine Marie Paul Glessinger
    Delphine MelchiorCategory B Member
  • SFSebastien Francois
    Sébastien FrançoisCategory B Member

regional leaders

  • NPNeringa Plauskiene
    Neringa PlauskieneChief Financial Officer Europe
  • VPValerij Petrov
    Valerij PetrovChief Executive Officer Europe
  • ODOskars Dzalbs
    Oskars DzalbsCo-Chief Executive Officer Consumer Finance
  • MOMartins Ozolin
    Mārtiņš OzoliņšCo-Chief Executive Officer Consumer Finance
  • TSTomas Sudnius
    Tomas SudniusChief Executive Officer Africa and Asia
  • MBMarius Barys
    Marius BarysChief Financial Officer Africa and Asia
  • APAurimas Pavilonis
    Aurimas PavilonisChief Risk Officer Africa and Asia
  • LKLaima Kaufmane
    Laima KaufmaneChief Commercial Officer Europe
  • BPBaiba Petere
    Baiba PetereChief Marketing Officer Europe
  • DMDomas Mineikis
    Domas MineikisChief Operations Officer Africa and Asia
  • MVMikhail Vydryn
    Mikhail VydrynChief Commercial Officer Africa and Asia

group functional leaders

  • EDElina Dobulane
    Elīna DobulāneChief Corporate Affairs Officer
  • MZMonta Zake
    Monta ZaķeGroup Head of People
  • ZGZanda Grunvalde
    Zanda GrunvaldeGroup Data Lead
  • JMJana Makarova
    Jana MakarovaGroup Tax Manager
  • AGAnastasiia Grynchuk Romanova
    Anastasiia Grynchuk-RomanovaInvestor Relations Specialist
  • TPToms Purins
    Toms PuriņšChief Legal Officer
  • AEAleksei Elram
    Aleksei ElramHead of Group Security
  • MMMartins Muiznieks
    Mārtiņš MuižnieksAccounting Process Supervision
  • PBPeteris Bodnieks
    Pēteris BodnieksChief Technology Officer

country leaders

  • RCRobert Jack Cunningham
    Robert Jack CunninghamCountry Manager Tanzania
  • MAMelvin Angula
    Melvin AngulaCountry Manager Namibia
  • ĢKGirts Kurmis
    Ģirts KurmisCountry Manager Latvia
  • GMGreta Montviliene
    Greta MontvilieneCountry Manager Lithuania
  • MKMarti Kuttis
    Marti KuttisCountry Manager Estonia
  • CMChisala Mubala-Tembo
    Chisala Mubala-TemboCountry Manager South Africa
  • SNSeabata Ntelo
    Seabata NteloCountry Manager Lesotho
  • LPLucian Pruna
    Lucian PrunaCountry Manager Romania
  • SCSergiu Cherdivara
    Sergiu CherdivaraCountry Manager Moldova
  • AMArlinda Muja
    Arlinda MujaCountry Manager Albania and North Macedonia
  • NVNato Vachnadze
    Nato VachnadzeCountry Manager Georgia
  • KNKhachik Nerkararyan
    Khachik NerkararyanCountry Manager Armenia
  • KSKaspars Sapranovics
    Kaspars SapranovičsCountry Manager Uzbekistan
  • KDKristupas Jonas Dovydaitis
    Kristupas Jonas DovydaitisCountry Manager Kenya
  • ZPZbigniew Podgórny
    Zbigniew PodgórnyCountry Manager Uganda
  • CTChilombo Tembo
    Chilombo TemboCountry Manager Zambia
  • JCJaco Coetzee
    Jaco CoetzeeCountry Manager Botswana
  • DSDarko Stojanovski
    Darko StojanovskiCountry Manager North Macedonia

shareholdingstructure

Since October 2024, the Eleving Group shares have been listed on the Frankfurt and Riga stock exchanges. The group's founders remain the largest shareholders, demonstrating their long-term commitment to the company.

Börse Frankfurt
AS ALPPES Capital37.18%AS Novo Holdings12.44%AS Obelo Capital12.44%SIA EMK Ventures12.44%Management and supervisory board members5.34%Other shareholders20.16%

updated 30.06.2026

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corporategovernancedocuments

We maintain high corporate governance standards to ensure transparent decision-making, effective risk management, strong financial oversight, and regulatory compliance.

reportmisconductvia FaceUp

Report suspected, experienced or witnessed misconduct securely and confidentially via FaceUp, our group-wide whistleblowing system for employees and external stakeholders.

We encourage you to report any misconduct relating to:

  • A violation of business ethics and standards by Eleving Group or its subsidiaries, or third parties representing Eleving Group or its subsidiaries.
  • A violation of Eleving Group or its subsidiaries’ policies and values related to management practices, business conduct, or behavior.
  • Concerns regarding questionable accounting, internal controls, auditing, and financial reporting, or deliberate acts to unjustly obtain unauthorized benefits, such as money, property, or services.
  • Concerns regarding Eleving Group or its subsidiaries’ involvement in human rights abuses or violations, as well as business conducts or behaviors in breach of respect for human rights.
  • Significant violations related to antitrust or fair trading, espionage or sabotage, and information security violations.

For more information, please see Eleving Group Whistleblowing policy.