Mr. David Feller reports

MOGO FINANCE TECHNOLOGY REACHES ANOTHER MILESTONE SURPASSING 350,000 MEMBERS

Mogo Finance Technology Inc. has surpassed 350,000 Mogo members, an increase of approximately 58,000 from the 292,000 members reported at the end of third quarter 2016.

"We continue to experience very strong member growth, adding more than 50,000 in the fourth quarter of 2016," said David Feller, founder and chief executive officer of Mogo. "This growth demonstrates that Canadians are continuing to embrace adding Mogo to their financial wallet, alongside their existing bank accounts. Our growing member base is a significant asset that we will further monetize through new fee-based products such as mortgages and the digital spending account, both of which will be publicly launched this year. Consistent with our long-term goal to build the best digital banking experience in Canada, we expect to continue launching new products and, over time, to offer consumers all the products they can get from a bank."

About Mogo

Mogo, a Vancouver-based financial technology company, is focused on building the best digital banking experience in Canada, with innovative products designed to help consumers get in control of their financial health. Built mobile first, users can sign up for a free MogoAccount in only three minutes, and get access to free credit score monitoring, a free spending account, mortgages and personal loans. With more than 350,000 members and growing, Mogo is leading the shift to digital banking in Canada.

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