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Eleving Group

expected
Not yet set
status
Approved
Industry
Finance
Headquarters
Luxembourg
Exchange
OTHER

Overview

— AI-researched from public sources, see note below

Eleving Group S.A. is an international financial services company based in Luxembourg, with operational offices in Latvia, Lithuania, and Estonia. Founded in 2012, Eleving Group specializes in vehicle and consumer financing services, operating across 16 markets on three continents, including Europe, Africa, and Asia. The company has a multi-brand portfolio that includes vehicle financing products, such as secured vehicle loans and mobility solutions under its leading brand, Mogo. It also offers consumer financing products through its flagship brands, Kredo and Tigo. As of 2024, approximately 57% of its loan portfolio is dedicated to vehicle and device finance, while 43% is comprised of consumer finance products. Eleving Group supports over 2.2 million customers globally and has issued total loans exceeding EUR 2.7 billion. The company employs roughly 4,650 individuals and reported a financial performance in 2023 that included an adjusted EBITDA of EUR 77.5 million, revenue of EUR 189.3 million, and an adjusted net profit of EUR 24.5 million. In October 2024, Eleving Group completed an initial public offering (IPO), raising EUR 29 million, with shares listed on the Nasdaq Riga Baltic Official List under the ticker ELEVR and on the Frankfurt Stock Exchange under the ticker OT8. Additionally, Fitch Ratings upgraded the company's credit rating from B- to B with a stable outlook in 2024. The company's mission emphasizes promoting financial inclusion and upward social mobility in underserved communities.

AI-researched from public web sources, not from the exchange listing itself — may contain errors or omissions and is not a substitute for verifying independently.

IPO details

Eleving Group's offering is currently approved on OTHER. Eleving Group is headquartered in Luxembourg. It is classified under Finance.

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Frequently asked questions

What exchange will Eleving Group list on?

Eleving Group is listing on OTHER.

What does Eleving Group do?

Eleving Group S.A. is an international financial services company based in Luxembourg, with operational offices in Latvia, Lithuania, and Estonia. Founded in 2012, Eleving Group specializes in vehicle and consumer financing services, operating across 16 markets on three continents, including Europe, Africa, and Asia. The company has a multi-brand portfolio that includes vehicle financing products, such as secured vehicle loans and mobility solutions under its leading brand, Mogo. It also offers consumer financing products through its flagship brands, Kredo and Tigo. As of 2024, approximately 57% of its loan portfolio is dedicated to vehicle and device finance, while 43% is comprised of consumer finance products. Eleving Group supports over 2.2 million customers globally and has issued total loans exceeding EUR 2.7 billion. The company employs roughly 4,650 individuals and reported a financial performance in 2023 that included an adjusted EBITDA of EUR 77.5 million, revenue of EUR 189.3 million, and an adjusted net profit of EUR 24.5 million. In October 2024, Eleving Group completed an initial public offering (IPO), raising EUR 29 million, with shares listed on the Nasdaq Riga Baltic Official List under the ticker ELEVR and on the Frankfurt Stock Exchange under the ticker OT8. Additionally, Fitch Ratings upgraded the company's credit rating from B- to B with a stable outlook in 2024. The company's mission emphasizes promoting financial inclusion and upward social mobility in underserved communities.

Where this data comes from

European Securities and Markets Authority's Prospectus Regulation register — a prospectus approval date, not a confirmed listing date. Retrieved Aug 26, 2026.

View the original filing on ESMA

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