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
- 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 will be the General Sponsor of the Investoru Klubs Summer Festival on June 7 in Riga, offering a 10% ticket discount with code 10FEST2025.
- Eleving Group adjusted its portfolio distribution, increasing its presence in Africa to 34% and reducing its share in Continental Europe to 53%.
- 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 won the Stock Exchange Highlight of the Year award in Latvia for its IPO, announced on February 7, 2025.
- Eleving Group commissioned Enlight Research OΓ to write a pre-IPO report, indicating a strategic move to enhance investor relations.
- Branton Sammy Mutea, Deputy Country Manager at Mogo, discussed the impact of Kenya's new business laws on asset financiers and borrowers, highlighting increased regulatory clarity.
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 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 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.
- Eleving Group is hiring a Human Resources Intern at Mogo Finance to handle tasks like digitization, records management, and employee queries.
- Eleving Group is currently seeking a Search Engine Optimization Specialist in Latvia.
- Eleving Group is currently seeking a Senior Accountant in Armenia.
- Eleving Group is hiring for multiple positions including Data Scientist, Financial Risk Analyst, and Senior Backend PHP Developer as announced by Talent Acquisition Partner LΔ«va Ugaine on March 21.
- Bukenya Timothy, the IT manager at Mogo Uganda, has significantly advanced the company's infrastructure and automation projects, driving efficiency and growth.
π€ 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.
π Eleving Group Financials, Fundraising and Valuation News
- 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 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 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 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.
- 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.
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