What Does Eleving Group Do?

Total employees328
HeadquartersRiga
Founded2012

Eleving Group is an international financial technology (fintech) company with a multi-brand portfolio, operating across three continents. Established in 2012 as Mogo Finance and rebranded to Eleving Group in 2020, the company focuses on providing innovative and accessible financial solutions, primarily in vehicle finance and consumer lending. They aim to empower individuals and businesses by offering data-driven, flexible financing options tailored to diverse market needs, particularly in emerging economies. The Group emphasizes sustainable growth, technological advancement, and a customer-centric approach across its operations.

Where Is Eleving Group's Headquarters?

HQ Function

The Riga headquarters serves as the central command for Eleving Group's global operations, housing key departments such as executive management, strategic planning, finance, legal, IT development oversight, and group-level marketing.

Notable Features:

The office is situated in a modern business district, likely featuring contemporary office design to foster collaboration and innovation, common for tech-focused companies. Specific architectural highlights are not widely publicized but would align with modern Class A office standards.

Work Culture:

The work culture at Eleving Group's HQ is characterized by a dynamic, international, and fast-paced environment, typical of a growing fintech firm. It likely emphasizes innovation, results-orientation, teamwork, and continuous learning, attracting talent from various backgrounds.

HQ Significance:

Riga's location offers a strategic advantage for accessing both Western and Eastern European markets, a skilled multilingual talent pool, and a supportive business environment for fintech. It underscores the company's European roots and global ambitions.

Values Reflected in HQ: The choice of a modern, well-connected location in a dynamic city reflects Eleving Group's values of innovation, efficiency, global connectivity, and forward-thinking.

Location:

Eleving Group supports a wide array of functions globally across its operations in Europe, Africa, and North America (primarily through its vehicle subscription brand, Renti). These functions include local market vehicle financing, consumer lending, product development, technology innovation, customer service, risk management, marketing, sales, and regional operational management. Each country operation often has a degree of autonomy to tailor services to local needs while adhering to group-level strategies and compliance standards.

Street Address:

Skanstes iela 50

City:

Riga

State/Province:

N/A

Country:

Latvia

Where Else Does Eleving Group Operate Around the World?

Nairobi, Kenya

Address: Specific street address in Nairobi not readily available, but operates under brands like MOGO Kenya.

Serves as a center for market expansion in Sub-Saharan Africa, leveraging mobile technology and local partnerships to provide accessible credit solutions.

Tallinn, Estonia

Address: Specific street address in Tallinn not readily available.

Leverages Estonia's strong fintech ecosystem and digital-savvy talent pool to drive innovation and operational excellence within the Group.

Tbilisi, Georgia

Address: Specific street address in Tbilisi not readily available.

Strategic point for operations in the Caucasus, focusing on market penetration and sustainable growth in a developing economic landscape.

Buying Intent Signals for Eleving Group

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Eleving Group? Meet the Executive Team

As of April 2025, Eleving Group' leadership includes:

Modestas Sudnius - Chief Executive Officer (CEO)
Maris Kreics - Chief Financial Officer (CFO)
Arturs Cakars - Chief Commercial Officer (CCO)
Egija Uzkalne - Chief Legal Officer (CLO)
Kaspars Kalniņš - Chief Risk Officer (CRO)
Toms Jurjevs - Chief Operating Officer (COO)

Who's Investing in Eleving Group?

Eleving Group has been backed by several prominent investors over the years, including:

Primarily financed through bond issuances on European capital markets (e.g., Nasdaq Riga, Frankfurt Stock Exchange Open Market)
Various European institutional investors (bondholders)
Private investors (bondholders)
Potentially development finance institutions for specific projects or bond tranches (e.g., past involvement with EBRD)

What Leadership Changes Has Eleving Group Seen Recently?

Hire0
Exits0

Based on publicly available information and company news releases over the past 12-18 months, there have been no major C-suite level hires or departures announced directly by Eleving Group. The core executive team appears stable. Minor changes or senior management appointments below the C-suite may have occurred but are not widely publicized.

What Technology (Tech Stack) Is Used byEleving Group?

Discover the tools Eleving Group uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Eleving Group Email Formats and Examples

Eleving Group likely uses common professional email formats. The most standard format for companies of its structure is [firstname].[lastname]@[companydomain].com. Variations might exist for specific departments or roles.

firstname.lastname@eleving.com

Format

modestas.sudnius@eleving.com

Example

85%

Success rate

What's the Latest News About Eleving Group?

Eleving Group Investor News2024-02-29

Eleving Group reports record results for 2023

Eleving Group has concluded 2023 with record-breaking financial and operational results. The company's revenues reached EUR 192.4m, while normalized net profit before FX stood at EUR 23.1m. Adjusted EBITDA amounted to EUR 81.1m....more

Eleving Group News2023-11-22

Eleving Group successfully issues EUR 50 million senior secured bonds

Eleving Group, an international fintech company, has successfully completed a tap issue of its 2021/2026 senior secured bonds (XS2393240909), raising an additional EUR 50 million. The new bonds were issued with a yield to maturity of 12.75% and an issue price of 94.5%....more

Eleving Group News2023-09-27

Eleving Group acquires leading vehicle leasing and subscription company in Latvia

Eleving Group announced the acquisition of Aventus Group's vehicle leasing and subscription business in Latvia, further strengthening its market position in its home country. This includes the Primero and Renti brands....more

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