Eleving Group | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

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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.

🛍️ 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

• Eleving Group has rebranded to 'mogo' to enhance customer access to financing.
• Eleving Group adjusted its portfolio distribution, increasing its presence in Africa to 34% and reducing its share in Continental Europe to 53%.
• Eleving Group won the Stock Exchange Highlight of the Year award in Latvia for its IPO, announced on February 7, 2025.
• Eleving Group received the 'Stock Exchange Event of the Year 2024' award at the Nasdaq Baltic Awards for their record-breaking IPO, the largest in Nasdaq Riga's history.
• Eleving Group commissioned Enlight Research OÜ to write a pre-IPO report, indicating a strategic move to enhance investor relations.

• On January 18, 2025, Modestas Sudnius, CEO of Eleving Group, will discuss key growth drivers for the Baltic stock market at the Investor Toomas Conference in Tallinn.
• Eleving Group received Silver Status from the Society Integration Foundation Republic of Latvia for promoting an inclusive and supportive work environment.
• Eleving Group is expanding its operations in East Africa by hiring a Head of Sales in Tanzania.

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👔 Eleving Group CEO, Management and Leadership Team

• Arturs Cakars

  
  Group Chief Corporate Affairs Officer
  [email protected]

• Toms Purins

  
  Chief Legal Officer of Eleving Group
  [email protected]

• Maris Kreics

  
  Group CFO
  [email protected]

• Veaceslav Luchianenco

  
  CEO Eleving Group Moldova
  [email protected]

• Marius Barys

  
  Regional Chief Financial Officer
  [email protected]

• Modestas Sudnius

  
  CEO
  [email protected]

• Valerij Petrov

  
  Regional CEO
  [email protected]

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⚔️ Eleving Group Alternatives and Competitors

• OPay
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• Adyen
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• Finova Capital
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• ORIX
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• Swaper
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• Ferratum Group
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• VIAINVEST
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• VIA SMS Group
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• Sefinance
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• Finto Capital
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• Alfa Finance
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• DSG Finance
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• Zuidlease
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• PT Dipo Star Finance
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• iA Auto Finance
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• 4finance
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• Multitude

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💼 Eleving Group Hiring and Layoffs

• Eleving Group appointed Aleksandra Priede as Regional Chief Risk Officer Europe and Davit Mezvrishvilli as Country Manager Georgia.
• Eleving Group is currently hiring for the position of Head of Vehicle Finance in East Africa in Lithuania.
• Maren Veeckman has joined Eleving Group as Regional Head of Legal and Compliance for Africa.
• Eleving Group is hiring a Senior Compliance Officer to support compliance across its European operations.
• Eleving Group is hiring a QA Specialist to enhance software quality and user experience, as announced by CTO Peteris Bodnieks on January 29, 2025.

• Maris Kreic is the CFO of Eleving Group.
• Eleving Group is expanding its Corporate Communications Department and is hiring for new roles as of January 17.
• Eleving Group is currently seeking a Ruby on Rails Developer with verification in the European Union (Remote).

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🤖 Eleving Group Developer, Integration and Automation News

• 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.

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📈 Eleving Group Financials, Fundraising and Valuation News

• 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.
• Eleving Group will hold its 12M 2024 Earnings Call on February 11, featuring Modestas Sudnius and Maris Kreics, CFA, FCCA, discussing business results and milestones.
• Eleving Group has adjusted its portfolio shares, with notable changes including an increase in Romania to 11.8% and a decrease in Latvia to 3.1%.
• Eleving Group plans another capital raising round, as stated by CEO Modestas Sudnius.

• Mogo Auto Limited, part of Eleving Group, secured a $10 million loan from Development Finance Corporation to finance electric vehicles in Kenya.

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