News

Eleving Group stands for peace; therefore, the Group has joined the “Entrepreneurs for Peace” movement that launches a large-scale fundraising campaign with an aim to raise five million euros in a couple of days to back Ukraine, and donated EUR 100 000. The initiative has been developed by joining forces with the Ministry of Defence…

OPERATIONAL AND STRATEGIC HIGHLIGHTS Record-high twelve-month sales (ended 31 December 2021) achieved by best-to-date issuances (EUR 106 million) in Q4 2021, marking a remarkable year-on-year growth of 108% Substantial increase in performance levels (Key Performance Indicators):  annual revenue up by 55% (y-o-y), surpassing EUR 150 million in 2021 annual adjusted EBIDTA up by 57% (y-o-y),…

Eleving Group has achieved a milestone of the total amount of loans issued since inception reaching one billion euros. This has been accomplished by serving more than 500 000 customers in 14 markets on three continents and financing more than 300 000 vehicles. “On our way to this milestone, we have evolved from a used…

Riga, Latvia, 29 December 2021 Eleving Group (formerly known as Mogo Finance S.A.), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, has issued subordinated bonds in the amount of EUR 25 million with a maturity of ten years (ISIN: XS2427362491). The subordinated bonds were issued with an annual…

Eleving Group (former Mogo Finance) reports unaudited results for the nine months of 2021, conclusively determining the company’s course to the best financial year in its history. The group’s revenue for nine months has been EUR 112.6 million and net profit reached EUR 9.2 million, which is an impressive leap compared to the EUR 2.5…