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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.
0% - 15%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
8.7%
Website:
Eleving Group
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
Personal loans (revolving pool) Personal loans (revolving pool)
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.
€ 87 140 894
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

Eleving Group was founded in 2012 in Latvia and joined the Mintos marketplace in 2015, originally offering loans for investment from Latvia. Since then, it has placed loans on the marketplace from 15 countries in the Baltics and Central, Eastern, and South-Eastern Europe. Operating regions also include the Caucasus and Central Asia, as well as Eastern Africa. To date, the company has issued over €1.35 billion in loans and has a net loan portfolio of almost €290 million. Some equity investors of Eleving Group and Mintos overlap.

In July 2023 Eleving Group has obtained EC Finance Group Ltd., better known as ExpressCredit. As a result of the integration, Eleving Group is taking over Expresscredit’s assets, subsidiaries, and client portfolio, including the entities in Botswana, Namibia and Zambia.

 

Financials

Financials

Last Updated: 17.05.2024