When was Eleving founded?

Eleving was founded in 2012 and raised its 1st funding round 3 years after it was founded.

Where is Eleving located?

Eleving is headquartered in Riga, Latvia. It is registered at Rīga, Skanstes iela 52.

How many employees does Eleving have?

As of Jun 30, 2026, the latest employee count at Eleving is 338.

Is Eleving a funded company?

Eleving is a funded company, having raised a total of $26.3M across 2 funding rounds to date. The company's 1st funding round was a $***** Convertible Debt round, raised on Jun 12, 2015.

When was the latest funding round of Eleving?

Eleving's latest funding was a $***** Conventional Debt round on Jan 17, 2024, with participation from 1 investor.

What is the annual revenue of Eleving?

Annual revenue of Eleving is between €1M and €10M as on Dec 31, 2024

Where does Eleving rank among its competitors?

Eleving ranks 2nd amongst 9 active competitors, only 1 of which is funded. Mintos, which secured $2.23M in Sep, 2024.

Who are the top competitors of Eleving?

Eleving's top competitors include Mintos, Grupeer and Sefinance. Among them, Mintos secured the most recent funding round in September, 2024.

Eleving - 2026 Company Profile, Team, Funding, Competitors & Financials

Eleving is a public company based in Riga (Latvia), founded in 2012. It operates as an Online platform for car and motorcycle financing. Eleving has raised $26.3M in funding from Mezzanine Management. The company has 9 active competitors, including 1 funded and 1 that has exited. Its top competitors include companies like Mintos, Grupeer and Sefinance.

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.

Website: www.eleving.com/
Email ID: *****@eleving.com
Registered Address: Rīga, Skanstes iela 52

Key Metrics

Founded Year

2012

Location

Riga, Latvia

Stage

Public

Total Funding

$26.3M in 2 rounds

Latest Funding Round

Conventional Debt, Jan 17, 2024, $*****

Investors

Mezzanine Management & 1 more

Ranked

2^nd among 9 active competitors

Annual Revenue

€1M - €10M as on Dec 31, 2024

Employee Count

338 as on Jun 30, 2026

Similar Companies

MoMo & 505 more

Exit Details

Public

View Eleving's full profile

Eleving is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Eleving Finance CIN: 40203150030 , Latvia, Active	Jun 13, 2018	€1M - €10M (As on Dec 31, 2024)	1 (As on Dec 31, 2022)	-
Eleving Vehicle Finance CIN: 42103088260 , Latvia, Active	Jan 23, 2019	€10M - €50M (As on Dec 31, 2024)	84 (As on Dec 31, 2022)	-
Eleving Solis CIN: 40203182962 , Latvia, Active	Nov 28, 2018	€0 - €1M (As on Dec 31, 2024)	5 (As on Dec 31, 2023)	-
Eleving Stella CIN: 40103964830 , Latvia, Active	Jan 28, 2016	€1M - €10M (As on Dec 31, 2024)	21 (As on Dec 31, 2022)	-

Eleving got listed on Oct 16, 2024.

Click here to take a look at Eleving's IPO in detail

Eleving has raised a total funding of $26.3M over 2 rounds. Its first funding round was on Jun 12, 2015. Its latest funding round was a Conventional Debt round on Jan 17, 2024 for $*****. 1 investor participated in its latest round. Eleving has 2 institutional investors.

Here is the list of recent funding rounds of Eleving:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 17, 2024	7408245	Conventional Debt	3490160	3713534	6685923	4264601
Jun 12, 2015	8466068	Convertible Debt	2344909	9633404	Mezzanine Management	9815176

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View details of Eleving's funding rounds and investors

Eleving's employee count trend

Eleving has 338 employees as of Jun 26. Here is Eleving's employee count trend over the years:

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Top competitors of Eleving include Mintos, Grupeer and Sefinance. Here is the list of Top 10 competitors of Eleving, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mintos 2014, Riga (Latvia), Series B	P2P marketplace for consumer and business loans	$28M	Skillion Ventures, Finacity & 4 others	69/100
2nd	Eleving 2012, Riga (Latvia), Public	Online platform for car and motorcycle financing	$26.3M	Mezzanine Management, ACP Credit	66/100
3rd	Grupeer 2016, Riga (Latvia), Unfunded	Investment platform for investing in P2P loans	-	-	39/100
4th	Sefinance 2009, Riga (Latvia), Unfunded	Digital lending platform offering consumer loans	-	-	39/100
5th	Finto Capital 2018, Riga (Latvia), Unfunded	Digital lending platform offering auto loans	-	-	36/100
6th	Swaper 2016, Marupe (Latvia), Unfunded	Mobile based P2P loans marketplace for investors	-	-	30/100
7th	Alfa Finance 2015, Riga (Latvia), Deadpooled	Online lending and investment management firm	-	-	25/100
8th	Credify Riga (Latvia), Unfunded	Online platform for consumer and business loans	-	-	24/100
9th	Autego Riga (Latvia), Unfunded	Platform offering auto financing solutions	-	-	24/100
10th	VIAINVEST 2016, Riga (Latvia), Unfunded	Peer-to-peer marketplace for consumer loans originating from non-banking lenders	-	-	21/100