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 (NASDAQ:MOGO) has appointed Christopher Day as the new Vice President of Marketing. With over 20 years of experience in brand building and marketing, Day previously led marketing efforts at Square Canada. His appointment is expected to enhance Mogo’s brand awareness and support its plans to expand after the upcoming acquisition of Carta. Mogo aims to solidify its position in the digital payments space, leveraging Day's expertise to boost engagement and growth among Canadian consumers.
Mogo (NASDAQ:MOGO) announced that its President, Greg Feller, will participate in the 23rd Annual Needham Virtual Growth Conference from January 11-15, 2021. Mogo's presentation is scheduled for January 15 at 11:30 am ET, alongside one-on-one meetings. The Mogo app empowers users with innovative financial products, including the ability to buy and sell Bitcoin. With over one million members, Mogo aims to enhance financial health awareness and sustainability through its services. A live webcast of the event will be available on the Mogo Investor Relations website.
Mogo, a financial technology company that offers a mobile app for digital payments and cryptocurrency trading, has announced an at-the-market offering agreement to sell up to US$50 million in common shares through Nasdaq. The funds will be used for operational expenditures and general corporate purposes. The offering, managed by H.C. Wainwright & Co. and other agents, will last for 12 months unless terminated earlier. No shares will be sold in Canada, and Mogo is not obligated to sell any shares under this agreement.
Mogo Inc. (NASDAQ:MOGO) announced plans for an initial corporate investment of up to $1.5 million in bitcoin, representing about 1.5% of its total assets as of Q3 2020. This move builds on previous investments in bitcoin, including the launch of MogoCrypto in 2018. The company reported a 135% month-over-month increase in bitcoin traded on its platform from October to November 2020. Mogo believes bitcoin offers significant long-term investment potential for shareholders as adoption grows globally.
Mogo Inc. has received conditional approval from the Toronto Stock Exchange to issue and list up to 10 million additional common shares related to the acquisition of Carta Worldwide, a leader in digital payments solutions. The transaction is expected to close by the end of January 2021, pending a special shareholder meeting on January 15, 2021. This acquisition aims to enhance Mogo's fintech position, expand its total addressable market (TAM) in the $2.5 trillion payments sector, boost subscription revenue, and improve digital wallet capabilities.