Eleving Group (formerly Mogo Finance), the international fintech expanding across Africa, has secured a Central Bank of Tanzania license and officially entered the East African market.
In October 2025, the group opened its first branch in Dar es Salaam, offering financing solutions for motorcycle purchases, a fast-growing segment of the country’s urban transport economy.
Leveraging its African market expertise, Eleving Group will initially focus on sustainable, data-driven growth, expanding its sales channels gradually and extending its footprint to other major Tanzanian cities over the next 24 months.
As of the first half of 2025, Eleving Group’s total loan portfolio reached €375.3 million, with 34% generated in African markets. Across the continent, the group finances motorcycles, electric motorcycles, cars, smartphones, and provides consumer loans.
Founded in 2012, the company is operating in 17 countries across three continents. Eleving Group has served more than 1.4 million customers and employs over 3,200 people globally. Headquarters are located in Riga, Latvia.
