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Eleving Group
Eleving Group is a publicly traded fintech lender founded in Latvia in 2012, with over EUR 2.5 billion in loan issuances across 17 markets in Europe and Africa.
Eleving Group
Eleving Group promotes financial inclusion and social mobility with vehicle and consumer finance in 16 countries across 3 continents
General information
Firm type
Asset Manager
Year founded
2012
Location
Region
Europe
Country
Latvia
City
Riga
Corporate office
Riga, Latvia
Additional offices
Vilnius, Lithuania · Tallinn, Estonia · Luxembourg
Sector focus
Frequently asked questions
How does Eleving Group source deal flow for its loan products?
Eleving Group originates loans directly through its multi-brand subsidiaries, including the Mogo brand for secured vehicle and device finance. The firm targets underserved borrowers in 17 markets, generating proprietary deal flow through local operations in Continental Europe and Africa. Deal flow follows a direct-to-consumer model rather than relying on external intermediaries (per the firm, 2025).
What investment stages does Eleving Group typically target?
Eleving Group operates as an operating company engaged in direct lending, not as an investment fund. It issues secured and unsecured consumer loans at the origination stage, targeting borrowers with limited access to traditional bank credit. The firm does not target venture capital or private equity stages — its focus is on generating income from loan portfolios across its markets.
Which sectors does Eleving Group focus on?
Eleving Group primarily operates in vehicle and device finance (secured) and consumer finance (unsecured). Its portfolio is roughly two-thirds secured mobility products and one-third unsecured loans. The firm does not target sectors like real estate, healthcare, or technology beyond its core consumer lending verticals (per the firm, 2025).
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