Eleving Group | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Eleving Group is an international FinTech company that enables social mobility in diverse communities around the world. It provides...
Eleving Group is an international FinTech company that enables social mobility in diverse communities around the world. It provides vehicle financing and consumer financing services across multiple markets.
Website
Headquarters
Skanstes iela 52, Riga, LV-1013, LV
Size
1001-5000 employees
Industry
Financial Services
Specialities
International Finance Company, Financial Services, FinTech
ποΈ Eleving Group Product and Pricing News β
π Eleving Group CEO, Management and Leadership Team β
βοΈ Eleving Group Alternatives and Competitors β
πΌ Eleving Group Hiring and Layoffs β
π€ Eleving Group Developer, Integration and Automation News β
π Eleving Group Financials, Fundraising and Valuation News β
ποΈ Eleving Group Product and Pricing News
- Eleving Group shifted focus from Tesla-based car-sharing to investing in a sustainable carsharing platform in Latvia.
- Modestas Sudnius, CEO of Eleving Group, announced a 30 million euro investment in Uganda to expand smartphone financing and double their business.
- Eleving Group is hiring a Country Manager to lead the launch and growth of operations in a new market.
- Eleving Group expanded its electric vehicle financing portfolio in Kenya and Uganda, financing over 2,000 e-motorcycles to support green mobility.
- Mogo RomΓ’nia, part of Eleving Group, is expanding its automogo.ro platform to include private sellers, aiming to double sales by 2024 and maintain growth in 2025, according to CEO Lucian PrunΔ.
- Eleving Group aims for a 19-20% annual increase in its net portfolio and revenue, targeting EUR 520 million and EUR 315 million respectively by the end of 2026, with plans to enter new markets in 2025.
- Eleving Group is expanding its operations in Kenya by hiring for multiple positions at MOGO Kenya, including a Head of Partnerships for Smartphone Financing.
- Arturs Cakars, Group Chief Corporate Affairs Officer at Eleving Group, will join a panel discussion on investing at the Investoru Klubs Summer Festival on June 7 in Riga.
π Eleving Group CEO, Management and Leadership Team
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Group Chief Corporate Affairs Officer
[email protected] -
Chief Legal Officer of Eleving Group[email protected]
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Group CFO[email protected]
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CEO Eleving Group Moldova[email protected]
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Regional Chief Financial Officer[email protected]
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CEO[email protected]
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Regional CEO[email protected]
βοΈ Eleving Group Alternatives and Competitors
- OPay |
- Adyen |
- Finova Capital |
- ORIX |
- Swaper |
- Ferratum Group |
- VIAINVEST |
- VIA SMS Group |
- Sefinance |
- Finto Capital |
- Alfa Finance |
- DSG Finance |
- Zuidlease |
- PT Dipo Star Finance |
- iA Auto Finance |
- 4finance |
- Multitude
πΌ Eleving Group Hiring and Layoffs
- Eleving Group is seeking a new CTO to lead their IT development and infrastructure teams and drive digital innovation.
- Eleving Group is currently seeking a Chief Technology Officer in Latvia.
- Eleving Group appointed Aleksei Elram as Chief Technology Officer Europe and Dace Dricka as Chief Technology Officer Africa and Asia, while Jana Makarova and Peteris Bodnieks joined as Investor Relations Manager and Group Tax Manager, respectively.
- Eleving Group added a new role, Head of Product & Marketing in East Africa, increasing their open positions to 24.
- Eleving Group is seeking a Head of Product & Marketing to lead innovation in smartphone financing and relocate to East Africa.
- Artur A. has left Eleving Group, where he served as Head of Debt Collection Division Eleving Vehicle Finance | Mogo Armenia in Armenia, to join Jet Finance as Head of Collection.
- Eleving Group is hiring a customer service specialist in Tbilisi, as announced by HR Manager Nino Duchidze.
- Manuela Brgles Cabraja has joined Eleving Group as Operational Process Support Manager in Croatia, previously serving as Support Manager at Monri Payments, member of Payten.
π€ Eleving Group Developer, Integration and Automation News
- Eleving Group introduced Elo, an AI onboarding assistant on MS Teams, to enhance new employee integration.
- Eleving Group improved their data ingestion latency by upgrading to a high availability Confluent Kafka cluster, achieving significant reductions in 95th and 99th percentile latencies.
- Eleving Group is hiring a Partnerships & Business Development Manager in Riga, Latvia to boost partner-generated sales and enhance customer experience.
π Eleving Group Financials, Fundraising and Valuation News
- Eleving Group released its Integrated Annual Report for 2024, covering financial statements, climate impact progress, social developments, corporate governance, and future outlook.
- Eleving Group successfully accessed capital markets in less than 8 weeks with contributions from team members including Modestas Sudnius, Maris Kreics, Arturs Cakars, Edgars Rauza, Anastasiia Grynchuk-Romanova, Toms PuriΕΕ‘, and Laura Vasermane.
- Eleving Group has announced it will not exercise the option to repay its 2023/28 bonds early before October 31, 2026, as it increases the bond issuance by up to 50 million euros.
- Eleving Group has waived the right to prepay its 2023/2028 Eurobonds before October 31, 2026, as part of a public bond offering to raise up to EUR 50 million.
- Eleving Group will start a public bond offering on February 19, 2025.
- Eleving Group reported a net profit of 29.6 million euros for 2024 and plans to distribute 14-15 million euros as dividends in May.
- Eleving Group's subsidiary, Mogo Finance, secured EUR 23.3 million mezzanine growth capital from Mezzanine Management to support its expansion in the Baltics and Georgia.
- Eleving Group plans to pay dividends of 14-15 million euros for 2024, following a net profit of 29.6 million euros and successful financial targets achievement.
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