Eleving Group, an international financial technology company listed on the Frankfurt and Riga stock exchanges, is ranked 57th in the overall “Europe’s Long-Term Growth Champions 2025” ranking and 1st in the financial technology, financial services, and insurance category. Eleving Group is the only company from Latvia included in the list.
“Eleving Group currently operates in 17 countries worldwide. Over the last decade, we have strategically expanded our operations, becoming a global company, so we can be pleased with the recognition by the Financial Times, which has placed Eleving Group among the fastest-growing companies in Europe during this period. Looking ahead, we will continue to work to ensure sustainable growth. Over the next three to five years, we plan to double the size of our business, achieving double-digit percentage growth each year while maintaining stable profitability and operational efficiency indicators,” says Eleving Group CEO Modestas Sudnius.
Over the past ten years, Eleving Group revenue has grown from 5.46 million euros in 2014 to more than 216.57 million euros in 2024. Given the strong growth and stable financial performance, in 2024 Eleving Group successfully carried out its initial public offering (IPO). Since 16 October 2024, Eleving Group shares have been included both in the NASDAQ Baltics Official List and in the Frankfurt Stock Exchange Prime Standard segment.
The “Europe’s Long-Term Growth Champions 2025” ranking compiles 300 of Europe’s fastest-growing companies based on their percentage increase in revenue from 2014 to 2024. To be included in this ranking, a company must meet several criteria: its headquarters must be located in Europe, it must have generated at least 100 thousand euros in revenue in 2014, and by 2024 it must have reached at least 10 million euros in revenue.
The study was carried out by the globally recognized British business newspaper Financial Times in cooperation with Statista, a German online platform specializing in data analysis and visualization.
Eleving Group is a listed, international financial technology company founded in 2012. Currently, the group’s companies operate in 17 countries on three continents, providing vehicle and consumer financing services. Since its founding, Eleving Group has served more than 1.4 million registered users. More than 3,200 employees work across the group’s companies. The company’s head office is located in Riga, Latvia.
Originally published at https://inc-baltics.com/financial-times-eleving-group-ierindo-57-vieta-starp-pedeja-desmitgade-straujak-augosajiem-eiropas-uznemumiem/
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