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 (MOGO) is a leading Canadian fintech innovator providing digital financial solutions focused on credit health, smart spending, and identity protection. This dedicated news hub aggregates official press releases and verified updates about the company’s strategic initiatives, financial performance, and product developments.
Investors and stakeholders will find timely information on quarterly earnings, partnership announcements, and technology innovations shaping Mogo’s position in the digital finance sector. The curated collection includes updates about its core offerings: digital lending platforms, credit score monitoring tools, and fraud prevention services.
Bookmark this page to stay informed about Mogo’s market movements, leadership updates, and regulatory filings. All content is sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Mogo Inc. (NASDAQ:MOGO) has entered agreements to sell 5,346,536 common shares at US$10.10 each, raising approximately US$54 million before fees. The offering is expected to close around February 24, 2021. The funds will partially finance its investment in Coinsquare Ltd. and support general corporate purposes. Additionally, Mogo will issue unregistered warrants for 2,673,268 common shares at an exercise price of US$11.00, expiring three and a half years after issuance. The company has also terminated its prior ATM Agreement, ceasing a US$50 million offering.
Mogo Inc. (NASDAQ:MOGO) announced its subsidiary, Carta Worldwide, is expanding into the U.S. market, the largest payments market globally. Starting Q1 2021, Carta will launch innovative card products for various clients, aiming to grow its customer base among banks and fintech companies. Carta's platform supports over 100 card programs worldwide and enhances international expansion capabilities for clients. Mogo empowers over one million members with digital financial solutions, including a prepaid card and cryptocurrency services.
Mogo, a digital payments and financial technology company, announced that President Greg Feller will participate in the Jefferies Electronic Payments Summit on February 17, 2021. Mogo will be part of a panel discussion focused on driving the daily utility of Bitcoin & Crypto, along with opportunities for one-on-one meetings. The company empowers over one million members with its app, offering features like a digital spending account, carbon-offsetting prepaid cards, Bitcoin trading, credit score monitoring, and personal loans. For more, visit mogo.ca.
Mogo, a digital payments and financial technology company, announced its acquisition of a 19.99% stake in Coinsquare, Canada’s leading digital asset trading platform, for approximately $56.4 million. This strategic investment allows Mogo to enhance its MogoCrypto product and build on a multi-year relationship with Coinsquare. Mogo also has the option to acquire an additional 20% stake under specific conditions. Coinsquare has experienced substantial growth, with a trading volume exceeding $525 million in January 2021, and aims to further increase its market presence.
Mogo (NASDAQ:MOGO, TSX:MOGO) has announced that its subsidiary, Carta Worldwide, has launched its services in Japan, facilitating the rollout of TransferWise's multi-currency debit card. Carta's open-API issuer platform provides innovative payment solutions to fintech firms globally. This expansion allows Carta to tap into Japan's burgeoning fintech market, enhancing its card issuance technology. Mogo empowers over one million members with digital financial solutions, including a prepaid card and cryptocurrency trading.
Mogo (NASDAQ:MOGO) reported significant growth in January for its bitcoin services, with a 141% increase in new bitcoin account additions and a 323% rise in bitcoin trading volume compared to December. CEO David Feller emphasized the long-term growth potential of MogoCrypto amidst increasing interest in bitcoin among Canadians. Although currently not a major revenue contributor, MogoCrypto is highlighted as the fastest-growing product, which could enhance subscription and services revenue for 2021. Mogo aims to simplify bitcoin transactions through its user-friendly app.
Mogo (NASDAQ:MOGO) has finalized its acquisition of Carta Solutions Holding Corporation, enhancing its position in the digital payments sector. This strategic move taps into a $2.5 trillion global payments market, aiming to boost Mogo's revenue through high-margin subscription and transaction-based models. Carta, operational in Europe, Asia, and Canada, recently expanded to the U.S. With this acquisition, Mogo seeks to strengthen its digital wallet capabilities and leverage Carta's established platforms and expertise. Mogo issued 10 million common shares to Carta's former holders as part of the deal.
Mogo Inc. (NASDAQ:MOGO) has expanded its bitcoin rewards program to include its Mogo Visa Platinum Prepaid Card, allowing users to earn 1% bitcoin cashback on purchases. This program, available to members who refer friends, is designed to help Canadians manage their spending while offsetting CO2 emissions. CEO David Feller emphasized the relevance of bitcoin as it goes mainstream, offering users a way to accumulate wealth without risk. Mogo continues to enhance its financial technology offerings with features that support financial health and sustainability.
Mogo Inc. (NASDAQ: MOGO; TSX: MOGO) has announced the approval of its acquisition of Carta Solutions Holding Corporation, with overwhelming support from shareholders. This transaction will enhance Mogo's position in the $2.5 trillion global payments market and is poised to accelerate growth in subscription and transaction-based revenues. Mogo plans to strengthen its digital wallet capabilities and introduce a peer-to-peer payment solution in 2021. The deal's completion hinges on final court approval, expected on January 18, 2021, with a target completion date around January 25, 2021.
Mogo Inc. (NASDAQ:MOGO) reported a 55% increase in new member additions in Q4 2020 compared to Q3 2020, ending the year with over 1.1 million members, positioning it among Canada's largest fintech companies. The CEO emphasized the appeal of Mogo's products, which include Bitcoin trading and fraud protection. The company aims to capitalize on the shift from traditional banking to fintech by providing integrated financial solutions. Mogo's growth and expansion plans are contingent on multiple factors, including market conditions and competition.
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