Welcome to our dedicated page for Mogo news (Ticker: MOGO), a resource for investors and traders seeking the latest updates and insights on Mogo stock.
Orion Digital Corp., formerly Mogo Inc., reports developments tied to its digital finance platform, operating results, and capital structure. The company operates across wealth, payments, and digital assets, with Intelligent Investing as its wealth platform and Carta Worldwide as its payments infrastructure business for issuer processing and transaction authorization.
Company news commonly covers quarterly and annual financial results, wealth revenue and assets under management, payments volume, capital allocation, share repurchase activity, and the transition from Mogo to Orion Digital. Updates also reference the company's mature consumer lending portfolio and Bitcoin treasury strategy as part of its broader platform-driven business model.
Mogo Inc. has announced a new minority investment in Gemini's recent US$400 million financing round led by Morgan Creek Digital. This investment complements Mogo's existing portfolio worth approximately $150 million, which includes substantial holdings in cryptocurrency platforms, gaming companies, and emerging metaverse opportunities. Key investments include ownership stakes in Coinsquare, Tetra Trust, and Enthusiast Gaming (NASDAQ:EGLX). Mogo aims to enhance its fintech platform and digital wallet capabilities through this strategic shift.
Mogo Inc. (NASDAQ:MOGO, TSX:MOGO), a digital payments and financial technology company, announced that President Greg Feller will participate in the Raymond James Technology Investors Conference from December 6-8, 2021. He will also be available for one-on-one meetings with interested investors through their Raymond James representatives.
Mogo empowers nearly 1.8 million members with digital solutions for financial improvement, including a spending account, Mogo Visa Platinum Prepaid Card, and features for buying bitcoin, credit monitoring, and personal loans. More at mogo.ca.
Mogo Inc. reported significant growth in its Q3 2021 results. Member base grew by 64%, reaching approximately 1.8 million. Subscription and services revenue saw a remarkable increase of 126%, totaling $9.5 million. Overall revenue rose by 58% to $15.4 million. Payment processing volume surged 65% to $2.4 billion. Despite these gains, the company reported a net loss of $9.8 million and an Adjusted EBITDA loss of $3.4 million. Mogo anticipates strong growth in Q4, increasing its revenue guidance for FY 2022.
Mogo Inc. (NASDAQ:MOGO) has launched a pilot program with Sun Life to introduce its Moka app to over 20,000 Sun Life Group Retirement Services members. This automated savings tool helps users round up daily purchases and invest the spare change in diversified portfolios. Moka has over 1 million downloads and 10,000 five-star reviews, facilitating easy monthly savings. The app aligns with Sun Life's aim to enhance clients' financial security, particularly post-COVID-19. Mogo aims to empower more than 1.7 million members through innovative digital solutions.
Mogo Inc. (NASDAQ:MOGO) has launched a unique business rewards program enabling merchants to offer climate-positive bitcoin rewards. The program's first partner is El Mocambo, a renowned Toronto venue. Mogo aims to address bitcoin's environmental concerns by offsetting CO2 emissions linked to bitcoin mining through tree planting. The initiative targets businesses wanting to engage customers sustainably. Mogo currently serves over 1.7 million users, providing a platform for buying and selling bitcoin, credit monitoring, and personal loans. The cryptocurrency market has reached a record high of over $2.7 trillion.
Mogo Inc. (TSX:MOGO, NASDAQ:MOGO) has announced a conference call and webcast to discuss its Q3 2021 financial results on November 10, 2021, at 3:00 p.m. ET. The call will feature Mogo's Founder & CEO, David Feller, and President & CFO, Greg Feller. Financial results will be released prior to market opening on the same day. Interested parties can join the call via dial-in or through a live webcast available on the company's investor relations page.
Mogo Inc. (NASDAQ:MOGO) has launched a unique initiative called 'green' bitcoin, making all bitcoin purchases through its platform climate positive. For each bitcoin bought, Mogo will plant enough trees to offset the CO2 emissions from mining, totaling 500,000 lbs offset per bitcoin. This offering aims to attract environmentally conscious investors, addressing concerns over bitcoin's substantial carbon footprint. CEO David Feller emphasizes this initiative positions Mogo as a leader in sustainable finance while responding to the growing demand for ESG-compliant investment options.
Mogo Inc. (NASDAQ:MOGO) has partnered with CI Investment Services Inc. to support the launch of MogoTrade, a commission-free stock trading app. CI will provide essential back office services, including clearing and settlement, which enhances Mogo's operational capabilities. MogoTrade is anticipated to launch later this year, pending regulatory approvals. This partnership is expected to improve user experience and operational performance in the Canadian market, which aligns with Mogo's goal of empowering its 1.6 million members through innovative financial solutions.
Mogo Inc. (NASDAQ:MOGO, TSX:MOGO), a digital payments and fintech company, announces that President Greg Feller will present at the 14th Annual LD Micro Main Event on Tuesday, October 12, 2021, at 10:30 AM ET. Investors can register to watch the presentation here. Mogo empowers over 1.6 million members with digital solutions for financial improvement, including a prepaid card and services for buying/selling bitcoin and credit score monitoring.
Mogo (NASDAQ:MOGO) will participate in the BTIG Future of Digital Assets Conference on September 22, with a virtual presentation at 9:30 AM ET. President Greg Feller will also engage in one-on-one meetings that day. Mogo empowers over 1.6 million members with innovative digital solutions via its app, including a unique prepaid card that promotes environmental sustainability. Users can manage spending, buy/sell bitcoin, and access personal loans. Mogo’s subsidiaries, Carta Worldwide and Moka, further enhance its digital payments and investment offerings.