The Financial Times ranks Eleving Group 57th fastest-growing company in Europe over the past decade

Eleving Group, an international financial technology company listed on the Frankfurt and Riga stock exchanges, has been ranked 57th in the overall Europe’s Long-Term Growth Champions 2025 ranking and 1st in the fintech, financial services, and insurance category. Eleving Group is the only company from Latvia included in the list.

“Eleving Group currently operates in 17 countries worldwide. Over the past decade, we have strategically expanded our footprint to become a global company, therefore we are pleased with the Financial Times recognition, ranking Eleving Group among the fastest-growing companies in Europe during this period. Looking ahead, we remain committed to sustained growth—over the next three to five years, we aim to double our business, consistently reaching double-digit annual expansion while maintaining solid profitability and operational efficiency,” says Eleving Group CEO Modestas Sudnius.

Over the past ten years, Eleving Group’s turnover has grown from EUR 5.46 million in 2014 to more than EUR 216.57 million in 2024. Driven by strong growth and solid financial performance, Eleving Group successfully completed its initial public offering (IPO) in 2024. Since 16 October 2024, the company’s shares have been listed on both the Nasdaq Baltic Official List and the Frankfurt Stock Exchange Prime Standard.

The Europe's Long-Term Growth Champions 2025 ranking brings together 300 of the fastest-growing companies in Europe, based on their percentage turnover growth from 2014 to 2024. To be included in this ranking, a company must meet several criteria: its headquarters must be located in Europe, it must have achieved at least EUR 100,000 in turnover in 2014, and reached at least EUR 10 million in turnover by 2024.

The study was conducted by the Financial Times, a globally recognized British business newspaper, in collaboration with Statista, a German online platform specializing in data analysis and visualization.

The full ranking is available here.