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 of a lending company group to the investor for a particular investment opportunity. 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 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.
10.0%
Website:
Founded: The year the company was founded.
2012
Employees:
908
Joined Mintos:
2015
Loan Types: The type of loan the company has issued to borrowers.
Car loan Pledge type group vehicle
Personal loan Pledge type group unsecured
Short-term loan Pledge type group payday
Countries: Countries in which the loans were issued by the company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR, GEL, GBP
Outstanding Principal: Total outstanding principal from this company on Mintos.
111 344 412
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: 19.05.2021

Last Updated: 09.08.2021

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%