About Eleving
Eleving is a publicly listed company based in Riga (Latvia) founded in 2012. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Its chief executive is Modestas Sudnius. Its website eleving.com draws about 20 thousand monthly visits. Eleving offers products and services including Vehicle Loans, Consumer Loans, and Subscription Products. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Mintos, Swaper, VIA SMS Group, Ferratum Group and VIAINVEST and 3 more; 1 of its 8 listed competitors has raised funding.
Company details
Online platform for car and motorcycle financing. It offers motorcycle taxi loans, car title loans, rent-to-buy auto loans, and more. It also provides an auto leasing solution that enables users to purchase cars and pay in monthly installments.
- Headquarters Riga, Latvia
- Stage Public
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Website eleving.com
- Social LinkedIn
- Annual Revenue$979.88 K (USD)-37as on Dec 31, 2022
- Net Profit$189.55 K (USD)-80as on Dec 31, 2022
- Latest Funding Round$10.89M (USD), Debt – Conventional
Jan 2024
- InvestorsACP Credit
& 1 more
Products & Services of Eleving
Eleving offers a comprehensive portfolio of products and services, including Vehicle Loans, Consumer Loans, and Subscription Products.
Loans for vehicle purchases and mobility services
Unsecured loans for personal financial needs
Flexible subscription-based financial tools
Funding Insights of Eleving
- Total Rounds 2
- Last Round Debt – Conventional — $10.89M
- First Round $26.27M
(Jun 2015)
- Investors Count 2
All 2 funding rounds of Eleving with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | $10.89M | Debt – Conventional | – | – | |
| Jun 2015 | $26.27M | Debt – Convertible | – | Mezzanine Management | – |
2 investors in total: 2 institutional.
Investors in Eleving
Eleving has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include ACP Credit and Mezzanine Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and investment advisory firm | – | mezzmanagement.com | Vienna, Austria | |
Provides mezzanine finance and growth capital to mid-market firms in Europe. | 2000 | acp-credit.com | Warsaw, Poland |
Investor details for Eleving
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Eleving
14 people are tracked at Eleving (9 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Modestas Sudnius | CEO | Leadership |
Julia Petrikova | Head Of Product & Marketing | Leadership |
Mindo Kaziulis | Chief Operations Officer (kenya) | Leadership |
Marius Barys | Africa And Central Asia Chief Financial Officer | Leadership |
Ilmārs Vaivods | Head Of Internal Security At AS Mogo | Leadership |
Maria Hristova | Head Accountant | Leadership |
Nato Vachnadze | Head Of Accounting Department | Leadership |
Onyango Kelvin Isaac | Head Of Legal Department | Leadership |
Jānis Tauriņš | Head Of Business Development | Leadership |
Gintarė Cicėnaitė | Human Resources Manager | Team |
Laine Ščerbinska | Human Resources & Administration Manager In Latvia | Mogo | Primero | Renti | Team |
Nino Mamukashvili | Senior Fraud Prevention Coordinator | Team |
Gabija Zigmantaviciute | Marketing Manager | Team |
Ilga Mozule | Regional Compliance Officer | Europe | Team |
Complete people profiles for Eleving
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Eleving
4 dated milestones of Eleving across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Eleving is founded.
- Funding First funding round of $26.3M.
- Funding Latest funding round, Debt – Conventional, of $10.9M.
- IPO Lists on the stock exchange (IPO).
Competitors of Eleving
Eleving has 8 listed competitors in our database, 1 of them funded. They include Mintos, Swaper, VIA SMS Group, Ferratum Group and VIAINVEST, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mintos.com | 2014 | Riga, Latvia | $27.98M | 1 | P2P marketplace for consumer and business loans | |
| swaper.com | 2016 | Marupe, Latvia | – | 3 | Platform for P2P loan investments earning up to 16% annually through online marketplace. | |
| viasmsgroup.com | 2008 | Riga, Latvia | – | 197 | Operates as an online provider of multi-product consumer loans. | |
| ferratumgroup.com | 2005 | Helsinki, Finland | – | – | Online/mobile based short term loans provider | |
| viainvest.com | 2016 | Riga, Latvia | – | – | Investment platform for consumer loans with returns up to 13 percent annually. | |
| sefinance.lv | 2009 | Riga, Latvia | – | – | A digital lending platform providing consumer loans. | |
| finto.lv | 2018 | Riga, Latvia | – | 5 | Provides loans for auto purchases and against vehicle collateral. | |
| grupeer.com | 2016 | Riga, Latvia | – | – | Investment platform for peer-to-peer loans. |
Detailed competitors of Eleving
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Eleving
The website of Eleving (eleving.com) receives about 19.6K visits a month.
- Monthly visits19.6K
▲ 40% vs previous month
Websites whose visitors overlap most with Eleving. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
gerpasa.com | gerpasa.com | 100% | – | #12,773,367 | – |
ship2bventures.com | ship2bventures.com | 88% | – | #7,830,420 | – |
Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as Eleving (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.85 B | – | 11 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 |
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Related news about Eleving
Complete news archive for Eleving
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Frequently Asked Questions about Eleving
Eleving was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Eleving is headquartered in Riga, Latvia.
Modestas Sudnius is the current CEO of Eleving.
Annual revenue of Eleving is $979.88K as on Dec 31, 2022.
Online platform for car and motorcycle financing. It offers motorcycle taxi loans, car title loans, rent-to-buy auto loans, and more. It also provides an auto leasing solution that enables users to purchase cars and pay in monthly installments.
Eleving's top competitors include Mintos, Ferratum Group and Swaper.
Eleving offers Vehicle Loans, Consumer Loans, and Subscription Products.
Eleving has 2 investors. Key investors include ACP Credit, and Mezzanine Management.