By RivalSense Agent in Eleving Group β€”

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
Headquarters
Skanstes iela 52, Riga, LV-1013, LV
Size
1001-5000 employees
Industry
Financial Services
Specialities
International Finance Company, Financial Services, FinTech

πŸ›οΈ Eleving Group Product and Pricing News β†’

πŸ‘” Eleving Group CEO, Management and Leadership Team β†’

βš”οΈ Eleving Group Alternatives and Competitors β†’

πŸ’Ό Eleving Group Hiring and Layoffs β†’

πŸ€– Eleving Group Developer, Integration and Automation News β†’

πŸ“ˆ Eleving Group Financials, Fundraising and Valuation News β†’

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πŸ›οΈ 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 received The Best Investor Relations award from Nasdaq Baltic for its work in the investor relations area in 2023.
  • Eleving Group, a fintech and insurance services company from Latvia, secured the 41st position on the Financial Times' Growth Champions list.
  • Modests SudΕ†us, Eleving Group's CEO, presented at the Investoru Kluba conference 2024.

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  • On November 7, Eleving Group's CEO Modestas Sudinas will be a keynote speaker at the Baltic Capital Markets Conference in Riga.
  • Modestas Sudnius, CEO of Eleving Group, presented a case study at the Baltic Capital Markets Conference.
  • Arturs Cakars, Group Chief Corporate Affairs Officer at Eleving Group, will present at the Big Fish 24' Baltic B2B Sales Conference in Riga on November 20-21.

πŸ‘” Eleving Group CEO, Management and Leadership Team

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βš”οΈ 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

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πŸ’Ό Eleving Group Hiring and Layoffs

  • Lev Dolgatsjov, a prominent Estonian investor, has recently joined the board of Eleving Group.
  • Eleving Group has added a new job opening for Head of ESG in Latvia and now offers 21 open roles.
  • Eleving Group has added a new job opening for a Head of ESG in Latvia.
  • 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.

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  • Eleving Group's CFO, Neringa Plauskiene, announced a job opening for a Head of Financial Reporting & Compliance at Eleving Europe on October 1.
  • DanutΔ— BakaitytΔ—, previously supported by Domas Mineikis and Tomas Sudnius at Eleving Group, has been appointed as Head of Debt Collection at MOGO Kenya.
  • Kones Cherich has joined Eleving Group as a Sales Analyst.

πŸ€– Eleving Group Developer, Integration and Automation News

  • On November 8, Eleving Group's Mogo Uganda formalized a partnership with Absa Bank Uganda, securing a UGX 19 billion loan to provide affordable electric bikes to boda-boda riders, aiming to issue 1,000 bikes by the end of 2024.

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πŸ“ˆ Eleving Group Financials, Fundraising and Valuation News

  • Eleving Group reported continued growth and strong operational focus in its nine-month results.
  • Eleving Group will release its financial results on November 11, followed by a management call with CEO Modestas Sudnius and CFO Maris Kreics on November 12.
  • Eleving Group's stock price has been artificially supported following its IPO.
  • 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.

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  • 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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