Eleving Group Reports 40% Increase in Loan Issuance for Q1 2026

Eleving Group, a fintech company listed on the Frankfurt and Riga stock exchanges, issued EUR 134.41 million in loans in the first quarter of 2026. This marks a 40% rise from the same period last year, as per the company's operational data. CEO Modestas Sudnius expressed satisfaction with the results, highlighting demand for new products like installment loans in Europe and smartphone financing in Africa.

In Q1 2026, Eleving Group reached over 140,000 new customers across 17 countries, significantly increasing its customer base. Key markets such as Latvia, Romania, Kenya, and Albania demonstrated strong growth, while new operations in Tanzania showed promising demand, especially in smartphone financing. The company received a total of 990,000 loan applications, nearly doubling from last year, indicating robust sales channel efficiency.