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.
Mogo Inc. (NASDAQ: MOGO; TSX: MOGO) regularly issues news updates as a digital wealth and payments business with a strategic Bitcoin treasury. Its press releases cover developments across its Intelligent Investing wealth platform, Carta Worldwide payments infrastructure, and its evolving capital allocation strategy anchored in Bitcoin and hard assets.
Recent news has included the announcement of a corporate name change to Orion Digital Corp., with the company explaining that this reflects its evolution into a founder-led, multi-engine digital finance platform operating across wealth, payments, and digital assets. Other updates have highlighted quarterly financial and operational results, including growth in wealth revenue, payments revenue, assets under management, and member counts, as well as disclosures about Adjusted EBITDA and other non-IFRS measures.
Investors following MOGO news can also see announcements about its Bitcoin treasury strategy, such as board-approved allocation frameworks and increases in Bitcoin holdings funded through excess cash and monetization of investments. The company has reported transactions involving its equity position in WonderFi Technologies Inc., describing partial and full monetizations and linking these to balance sheet strength and digital asset reserves.
Additional news items include participation in investor conferences, board appointments, warrant-related matters, and regulatory or corporate updates furnished via Form 6-K. This news page aggregates these releases so readers can review how Mogo communicates its progress in digital wealth, payments infrastructure, and Bitcoin-focused capital allocation over time.
Mogo Inc. (NASDAQ:MOGO) announced a partnership with FSInsight LLC to provide its members exclusive access to high-quality crypto and equity research. FSInsight, led by top analyst Tom Lee, will offer MogoMembers insights through various resources, including free briefings, interviews, and webinars. This collaboration enhances Mogo’s offerings in the growing crypto market and aims to support retail investors in Canada. The research access begins in May 2021.
Mogo has successfully completed the acquisition of Moka Financial Technologies, a prominent Canadian saving and investing app, through a share exchange agreement. This all-stock transaction increases Mogo's member base to approximately 1.6 million and enhances its wealth management offerings, including plans for a free stock trading solution in 2021. Moka's experienced team and digital technology will bolster Mogo's position in the rapidly evolving $4 trillion wealth management market. Moka's CEO, Philip Barrar, will assume the role of Chief Innovation Officer at Mogo.
Mogo Inc. (TSX:MOGO) will hold a conference call on May 13, 2021, at 3:00 p.m. ET to discuss its Q1 2021 financial results. The call will feature CEO David Feller and CFO Greg Feller, along with a live webcast presentation. Financial results will be released prior to market open on the same day. Interested parties can join the call by dialing (833) 968-2206 or (778) 560-2782 for international access. A replay will be available until midnight (ET) on May 20, 2021, using the playback code 6855516.
Mogo (NASDAQ:MOGO) has announced the purchase of approximately 146 Ether (ETH) at an average price of US$2,780, aligning with its strategy to increase on-balance sheet investments in blockchain and fintech. This follows a recent sale of its Vena Solutions investment for US$4.7 million, yielding a 116% profit. Mogo has also invested in Bitcoin, acquiring 18 Bitcoins at an average price of US$33,083. The company aims to allocate up to 5% of its investment portfolio to cryptocurrencies, highlighting its commitment to blockchain technology.
Mogo announced the divestment of its investment in Vena Solutions for approximately $4.7 million, a 116% increase from its book value as of December 31, 2020. This sale strengthens Mogo's balance sheet and is part of its strategy to monetize its investment portfolio, which totaled $18.4 million at year-end 2020. Mogo aims to continue capitalizing on similar opportunities in 2021. The divestment coincides with Vena's recent $300 million Series C funding round, highlighting Mogo's successful investment strategy in private technology companies.
Mogo Inc. (NASDAQ:MOGO) will participate in the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27, 2021. President Greg Feller is scheduled to present virtually at 12:30 PM ET and will engage in one-on-one meetings throughout the day. The company provides digital solutions for financial health, including a digital spending account, bitcoin trading, credit score monitoring, and ID fraud protection. Interested investors can register for the conference at www.hcwevents.com/crypto.
Mogo Inc (NASDAQ:MOGO) has successfully completed a strategic investment in Coinsquare, acquiring a 19.99% ownership stake for $27.4 million and the issuance of 2,807,577 common shares. This investment allows Mogo the potential to increase its stake to 43%. The partnership aims to enhance cryptocurrency trading capabilities for Mogo's clients and expand access for more Canadians. Coinsquare continues to pursue IIROC membership to become a regulated marketplace, which is critical for its growth in the evolving digital asset landscape.
Mogo has completed a strategic investment in Coinsquare, acquiring a 19.99% stake for $27.4 million and issuing 2.8 million shares. Mogo holds rights to raise its ownership to 43% through share purchases and warrants. Coinsquare reported a 700% increase in assets and a 500% rise in revenue, reaching an estimated $19 million in Q1 2021. This partnership aims to enhance Mogo's digital wallet and wealth offerings, positioning it well in Canada's evolving fintech landscape.
Mogo Inc. (NASDAQ:MOGO) announced an expansion of its Carta Worldwide payments platform in the U.S., enhancing its debit card issuance services for fintech challenger banks. Partnering with LendingClub Bank, Mogo aims to provide advanced debit card products that facilitate rapid deployment of digital banking solutions. With LendingClub Bank's assets around $2.3 billion, the partnership is set to leverage its broad customer base and innovative services. Carta's platform offers robust APIs for flexible card program deployment, aiming to meet evolving fintech needs across multiple regions.
Mogo Inc. (NASDAQ:MOGO) has expanded its bitcoin cashback rewards program to include MogoMortgage, allowing users who take out a new mortgage or refinance to earn up to $3,100 in cashback credited to their Bitcoin and Rewards account. This initiative aims to attract consumers interested in accumulating bitcoin without financial risk. CEO David Feller noted that the cryptocurrency's volatility is prompting Canadians to seek ways to invest safely. The Canadian residential mortgage market is valued at approximately $1.7 trillion, strengthening Mogo's position in the financial technology sector.