Eleving Group

Last Updated: 23.04.2020. Date when the basic information was updated
Eleving Group
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 710 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 234.9 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligationWithout a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
5% - 15%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
13.5%
Website:
Founded:
2012
Employees:
908
Joined Mintos:
2015
Loan Types: The type of linked assets the lending company has issued.
Car loan Car loan
Personal loan Personal loan
Short-term loan Short-term loan
Car rental Car rental
Countries: Countries in which the linked assets were issued by the lending or rental company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR, GEL, GBP
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
119 278 496
Schedule extension: During the first 30 days after the due date of a loan payment, the borrower can opt for extending the loan payment schedule. The maximum number of extensions depends on the loan agreement and can't be more than 6. If the lending company agrees, the loan will be automatically updated, with the new schedule, and the due dates for all outstanding payments will be extended by up to 31 days. Investors will continue to earn the same interest throughout the remaining loan term.
Up to 6

About

The strategic priorities of Mogo Finance are focused on consistent profitable growth and geographical expansion. The execution of this strategy is fuelled by a talented team, its loyal customers, as well as investments in advanced technologies to deliver the best-in-class financial services.

Mogo Finance operates through its own branch network, and a strong online presence. Wide geographical coverage makes the company unique in comparison to its competitors and diversified revenue streams. Mogo Finance currently operates in the Baltics, Eastern Europe, the Balkans, the Caucasus, and Central Asia.

 Mogo Finance S.A. provides a group guarantee for all Mogo loans on Mintos.

 Some of the equity investors in the Loan Originator and Mintos overlap.

 

Last Updated: 27.05.2022

Last Updated: 27.05.2022

Risk Categories

Here you can see all of the Eleving Group risk categories on the Mintos marketplace
Risk category Interest rate with Buyback obligation Interest rate without Buyback obligation Est. annual bad debt rate
AAA 8.0% - 10.0% 10.0% - 12.0% <0.75%
AA 8.0% - 10.0% 11.0% - 13.0% 0.75% - 1.25%
A 8.0% - 10.0% 12.5% - 14.5% 1.25% - 2.5%
BBB 8.0% - 10.0% n/a 2.5% - 4.5%
BB 8.0% - 10.0% n/a 4.5% - 6.5%
B 8.0% - 10.0% n/a 6.5% - 9.0%
C 8.0% - 10.0% n/a >9.0%