Eleving Group

Eleving Group is a publicly listed international financial technology company founded in 2012. Today, the group operates in 18 countries across three continents, providing vehicle, smartphone and consumer financing services. Since its founding, Eleving Group has served more than 2.2 million registered users. The group employs over 4,600 people across its operations. The company’s headquarters are located in Riga, Latvia.

Since October 16, 2024, the Eleving Group shares have been listed on both the Nasdaq Baltic Official List and the Frankfurt Stock Exchange Prime Standard.

Our mission
To serve diverse communities overlooked by banks and to promote an inclusive economy through innovative, and easy-to-use financial products.

Who are our customers
The typical client of Eleving Group mobility products is a working-class person who frequently uses a vehicle for daily commuting and as an instrument to make a living for himself and his family. It is a person looking for a convenient and easy-to-understand financial product with fast onboarding and simple use. Our mobility clients prefer to drive pre-owned premium-class vehicles since such vehicles perform better, depreciate less and have cheaper maintenance costs due to a well-developed aftermarket. For most customers, a car is not a nice-to-have item but a necessity to travel to work or generate income. The Group also serves small and medium enterprises that need quick financial solutions to solve mobility issues in their businesses. Most of Eleving Group’s Vehicle Finance customers are males aged 21 to 59.

Our consumer segment clients encompass diverse individuals seeking tailored financial solutions to meet specific needs and goals. They often address urgent cash flow needs, mainly related to unexpected expenses. Our products provide flexible terms and competitive rates, empowering clients to achieve their aspirations with personalized support. Usually, these are customers underserved by traditional banks due to the low-ticket size, inefficient underwriting process, complicated and inefficient loan application process, and long turnaround times for such loans. Consumer financing customers are equally divided by gender and fall within the age range of 21 to 59.