gnuGrid CRB boosts Eleving Group Revenue with Ugandan Credit Data
A Uganda-based firm, Gnugrid Credit Reference Bureau, helped Eleving Group, a publicly listed financial technology company, post significant revenues of up to 216.6 million euros, according to current financial results, contributing 10% (€4 million). According to the Chief Executive Officer of Mogo Uganda, the credit score has helped to de-risk borrowers, especially in the Ugandan market. Eleven Group operates MOGO as an asset acquisition firm that provides affordable financing options for used cars, boda bodas, smartphones, and cargo transporters. Malcolm Musiime reports.
