Mezzanine Management has invested €23.3 million in Mogo Finance to support its expansion in Central and Eastern Europe.

Information on the Target

Mogo Finance is a rapidly expanding non-bank car financing provider operating across the Baltics and Georgia. With a robust loan portfolio exceeding €38 million, Mogo has financed approximately 20,000 vehicles and maintains a workforce of over 200 employees. The company currently has a presence in Latvia, Lithuania, Estonia, and Georgia, and aims to leverage its position as a market leader in the Baltics to grow its footprint in the Central and Eastern European region.

In addition to offering standard financial leasing services, Mogo Finance provides loans secured by vehicles owned by clients. The company boasts an extensive network with 28 branches located in 26 cities across four countries and collaborates with more than 500 car dealerships, making it a significant player in the automotive financing sector.

Industry Overview in the Target’s Specific Country

The car financing industry in the Baltic region has seen notable growth in recent years, spurred by an improving economic landscape and increasing consumer demand for vehicle ownership. As disposable incomes rise and consumer cre