News
Eleving Group obtains EC Finance Group Ltd., through integration and combination of both companies’ equity amounts
Eleving Group has started the process of integrating EC Finance Group Ltd., better known as ExpressCredit, a consumer finance provider operating in the Southern Africa region, into its direct subsidiary AS Eleving Finance. As a result of the transaction, Eleving Group takes over the company’s assets, subsidiaries, and client portfolio and increases Eleving Group’s equity.
Fitch Affirms Eleving Group at ‘B-‘; Outlook Stable
Fitch Ratings has affirmed Eleving Group’s Long-Term Issuer Default Rating (IDR) at ‘B-‘, with a Stable Outlook. Fitch has also affirmed Eleving’s senior secured debt rating at ‘B-‘ with a Recovery Rating of ‘RR4’.
Eleving Group raises USD 7 mln to expand the business in Kenya
Global fintech company Eleving Group has raised USD 7 mln from the Verdant Capital Hybrid Fund to boost the vehicle financing business and the introduction of sustainable mobility products in Kenya.
Eleving Group maintains robust profitability and a stable portfolio
Eleving Group has announced unaudited results for the first quarter ended March 31, 2023. The Group recorded a steady financial performance during the quarter, with revenues of EUR 44.7 mln, while the net portfolio reached EUR 290.3 mln.
Eleving Group delivers strong financial results in 2022
Eleving Group has announced its best financial and operational results, navigating through a turbulent year of geopolitical uncertainty and economic turmoil.
Eleving Group fully offsets the carbon footprint arising from its HQs
Becoming a carbon-neutral company is among Eleving Group’s long-term strategic goals. Therefore, in 2023 we are again engaged in carbon offsetting campaigns to compensate for the entire carbon footprint (114 tCO2) arising from the operations of our HQs.