News
Eleving Group has increased its adjusted EBITDA by 24% in the 3Q of 2022
Multi-brand fintech company Eleving Group has experienced a successful three-month run, enjoying the strongest financial position to date. The company has increased its nine-month adjusted EBITDA to EUR 53.5 mln and reached a record-high EUR 17.7 mln in adjusted net profit.
Eleving Group continues to show strong financial results after the first six months of 2022
According to the consolidated financial report for the period ended on 30 June 2022, international FinTech company Eleving Group has improved results in all key business figures with an exceptional six-month EBITDA that reached EUR 32.3 mln.
Fitch Affirms Eleving Group at ‘B-‘; Outlook Stable
Fitch Ratings has affirmed Eleving Group’s Long-Term Issuer Default Rating (IDR) and senior secured debt rating at ‘B-‘. The Outlook on the Long-Term IDR is Stable.
Eleving Group becomes a carbon-neutral company
On 7 June 2022, Eleving Group received a Carbon Neutrality Certificate from Carbon Footprint Ltd. The company achieved it by participating in co-financing the reforestation of the Great Rift Valley in Kenya and co-financing the purchase of effective household cookstoves in the ‘Up Energy Improved Cookstoves Programme’ in Uganda.
Eleving Group (former Mogo Finance) reports unaudited results for the three months ended 31 March 2022
All-time best quarterly performance
Eleving Group subordinated bonds have been included on the Nasdaq Baltic First North Market
Eleving Group bonds have been admitted to trading on the Nasdaq Baltic First North Market by Nasdaq Riga as of March 7, 2022