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 (NASDAQ:MOGO), a digital payments and financial technology company, has filed a preliminary short form base shelf prospectus with Canadian securities commissions, enabling it to raise up to US$500 million in various securities over the next 25 months. This filing follows the expiry of its previous prospectus from December 2019. A corresponding registration statement has also been submitted to the SEC, which is not yet effective. The details regarding any future offerings will be disclosed in prospectus supplements at that time.
Mogo Inc. (NASDAQ:MOGO) has entered a binding letter of intent to acquire Moka Financial Technologies Inc. in an all-stock transaction valued at 5,000,000 Mogo shares and the assumption of $3 million in net debt. This acquisition is projected to boost Mogo’s member base by over 40%, reaching more than 1.7 million members. Moka, a popular Canadian app with over 500,000 active users, specializes in automatic savings and investments. The deal aims to enhance Mogo’s offerings, including launching a free stock trading solution, and is expected to close by Q2 2021, pending regulatory approval.
Mogo Inc. (NASDAQ:MOGO) reported its financial results for Q4 and FY 2020, showing transformative growth driven by strategic acquisitions and an expanding digital wallet series. Q4 subscription and services revenue increased by 8.4% to $4.6 million, with total revenue reaching $10.0 million. Gross profit margin soared to 80.2%. The company improved its net loss to $2.8 million for Q4, against $6.2 million in the prior year. Mogo raised $82 million in new capital, enhancing its balance sheet for future growth. Looking ahead, Mogo expects 80% to 100% growth in subscription revenue for Q4 2021.
Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) is set to announce its Q4 2020 financial results during a conference call on March 23, 2021, at 5:00 p.m. EDT. Hosted by CEO David Feller and CFO Greg Feller, this call will provide insights into Mogo's performance and future outlook. Financial results will be released after market close on the same day. The live webcast will include a slide presentation and can be accessed through Mogo's investor relations page.
Mogo Inc. (NASDAQ:MOGO, TSX:MOGO) has successfully completed a registered direct offering, selling 5,346,536 common shares at US$10.10 each, generating approximately US$54 million in gross proceeds. After expenses, the company expects net proceeds of about US$49.7 million. Additionally, the offering includes unregistered warrants to acquire up to 2,673,268 common shares at US$11.00 each. Proceeds will primarily fund the cash component of an investment in Coinsquare Ltd., with remaining funds allocated for corporate and working capital needs.
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.