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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 LinkedIn profile
Eleving Group logo

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
Size
1,001-5,000 employees
Industry
Financial Services
Specialities
International Finance Company, Financial Services, FinTech

🛍️ Eleving Group Product and Pricing News →

👔 Eleving Group CEO, Management and Leadership Team →

⚔️ Eleving Group Alternatives and Competitors →

💼 Eleving Group Hiring and Layoffs →

🤖 Eleving Group Developer, Integration and Automation News →

📈 Eleving Group Financials, Fundraising and Valuation News →

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🛍️ Eleving Group Product and Pricing News

  • The Competition Authority of Kenya fined Eleving Group's Kenyan subsidiary, Mogo Auto, Sh10.85 million for false and misleading loan terms.
  • Kenya's competition authority fined Eleving Group's subsidiary Mogo Kenya $84,120 for misleading customers and secretly altering loan terms.
  • Eleving Group's CEO Modestas Sudnius and CFO Maris Kreics discussed the company's growth and IPO plans during a Nasdaq Investor Call on September 27.
  • Eleving Group's website has become easier to navigate and more content-rich after several makeovers.
  • On October 2, 2024, Eleving Group's CEO Modestas Sudnius and CFO Maris Krecs addressed investor concerns about risk management at an investment club event, distinguishing themselves from Planet42.

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  • Eleving Group is considered a viable investment option alongside 4finance and Multitude.

👔 Eleving Group CEO, Management and Leadership Team

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⚔️ Eleving Group Alternatives and Competitors

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💼 Eleving Group Hiring and Layoffs

  • Lev Dolgatsjov, a prominent Estonian investor, has recently joined the board of Eleving Group.
  • Eleving Group is currently hiring a Country Manager for Georgia.
  • Anita Kalnina, Head of People and Culture at Eleving Group, is seeking a proactive office admin to enhance the office environment.
  • Eleving Group's CFO, Neringa Plauskiene, announced a job opening for a Head of Financial Reporting & Compliance at Eleving Europe on October 1.
  • Eleving Group is hiring a Head of Credit Risk for their Europe Hub team.

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  • Madara Lūse has started a new position as Marketing Manager at Eleving Group.
  • Eleving Group sought a Financial Controller for their Uganda office.
  • Eleving Group is currently seeking a Ruby on Rails Developer in Latvia.

🤖 Eleving Group Developer, Integration and Automation News

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📈 Eleving Group Financials, Fundraising and Valuation News

  • Eleving Group's subsidiary, Mogo Finance, secured EUR 23.3 million in mezzanine growth capital from Mezzanine Management to support its expansion in the Baltics and Georgia.
  • On October 16, Eleving Group's stock began trading with an initial drop of over 3%, which later reduced to 1.18%, with trades amounting to nearly 80,000 euros in the first 15 minutes.
  • Eleving Group is going public with a capital increase that benefits bondholders, while its largest shareholder, Aigars Kesenfelds, holds 43.67% of the shares through ALPPES Capital.
  • Eleving Group has launched an IPO allowing private and institutional investors from the Baltics and Germany to subscribe to its shares until October 8, 2024.
  • On September 23, Eleving Group launched a public share offering in the Baltics and Germany, offering 24.5 million shares priced between 1.6 and 1.85 euros, marking the largest private company share issue in Latvia and one of the largest in the Baltic capital market, with the offer closing on October 8.

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  • Eleving Group reported a record adjusted EBITDA of €43.7 million and a net profit increase to €14.9 million in Q2, up 32% from the same period in 2023.
  • Eleving Group will be releasing its 6-month interim report between August 12 and August 18, 2024.
  • Eleving Group operates as a fintech company providing vehicle and consumer financing solutions across Europe, Africa, and Central Asia, with major shareholder Aigars Kesenfelds holding over 43.7% stake.

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