Mogo (company) explained

Mogo Inc.
Type:Public
Industry:Financial services
Founded:2003
Location:Vancouver, British Columbia
Founder:David Marshall Feller
Products:Personal loans, identity fraud protection, mortgages, Visa Debit card, credit score, Bitcoin wallet
Subsid:Carta Worldwide

Mogo Inc. is a Vancouver-based company, founded in 2003 by David Marshall Feller. The company offers loans, "identity fraud protection", mortgages, a Visa Prepaid Card, and credit score viewing through Equifax for select customers.[1] Mogo had an initial public offering on the Toronto Stock Exchange in June 2015.[2] In January 2016, Mogo made a deal with Postmedia to exchange a percentage of profits for free newspaper ads.[3] In January 2017, the company began offering mortgages.[4] In January 2021, Carta was acquired by Mogo Financial for 10 million Mogo shares valuing the transaction in excess of $100 million. CAD.[5]

Notes and References

  1. News: Another Company Surges After Announcing Plans to Get Into Cryptocurrencies. Alexander. Doug. 30 October 2017. Bloomberg News. 20 December 2017.
  2. News: Vancouver's Mogo fails to lift off during first day of $50m IPO. Orton. Tyler. 25 June 2015. Business in Vancouver. 20 December 2017.
  3. News: Postmedia strikes deal with Mogo to swap ad space for revenue share. Krashinsky. Susan. 25 January 2016. The Globe and Mail. 19 December 2017.
  4. News: Mogo Wants to Gamify the Mortgage-Managing Process with its Newest Product. Zubairi. Amira. 19 January 2017. BetaKit. 20 December 2017.
  5. Web site: Vancouver fintech Mogo acquires Carta Worldwide in $24m deal. 2021-01-15. Business in Vancouver. en.