Mr. Greg Feller reports

MOGO PORTFOLIO COMPANY WONDERFI PROVIDES CORPORATE UPDATE

Mogo Inc.'s portfolio company, Wonderfi Technologies Inc., has provided a corporate update and its Q4 2023 guidance. With 1.6 million users and $1-billion in client AUC (assets under custody), Wonderfi is one of the largest crypto exchange platforms in Canada. Mogo is Wonderfi's largest shareholder, holding approximately 87 million common shares (approximately 13-per-cent ownership interest).

Wonderfi owns and operates leading digital asset businesses in Canada. Wonderfi is the holding company for two of the largest crypto trading platforms in Canada, Bitbuy and Coinsquare (the only fully regulated crypto exchange in Canada), and SmartPay, a crypto payments processing platform.

Among the Q4 2023 corporate highlights reported by Wonderfi:

• As of Dec. 31, 2023, combined client assets under custody for Bitbuy and Coinsquare exceed $1-billion;
• Bitbuy and Coinsquare facilitated $760-million in combined trading volumes during the quarter;
• SmartPay processed over $180-million in crypto payment volumes during the quarter;
• Wonderfi achieved cash-flow-positive operations on a consolidated basis during the quarter.

"We commend the Wonderfi team on solid execution following the merger in July, 2023," said Greg Feller, president and chief financial officer of Mogo. "As the owner of Canada's only fully regulated crypto exchange, along with its strong balance sheet and meaningful scale, we believe Wonderfi is well positioned to benefit from long-term growth trends in the industry and to build value for shareholders over time. With an improving environment for digital assets, we believe Mogo's 13-per-cent ownership in Wonderfi provides our shareholders with a unique and meaningful participation in this emerging global asset class."

About Mogo Inc.

Mogo is a financial technology company headquartered in Vancouver, Canada. With more than two million members, $9.9-billion in annual payments volume and an approximately 13-per-cent equity stake in Canada's leading crypto exchange, Wonderfi, Mogo offers simple digital solutions to help its members dramatically improve their path to wealth creation and financial freedom. Mogotrade offers commission-free stock trading that helps users thoughtfully invest based on a Warren Buffett approach to long-term investing -- and make a positive impact with every investment. Moka offers Canadians a real alternative to mutual funds that overcharge and underperform with a passive investing solution based on a S&P 500 strategy at a fraction of the cost. Through its wholly owned digital payments subsidiary, Carta Worldwide, Mogo also offers a low-cost payments platform that powers next-generation card programs for companies across Europe and Canada. The company, which was founded in 2003, has approximately 200 employees across its offices in Vancouver, Toronto, London and Casablanca.

About Wonderfi Technologies Inc.

Wonderfi owns and operates leading digital asset businesses in Canada. Wonderfi is the holding company for Bitbuy and Coinsquare, two of Canada's largest regulated crypto trading platforms and SmartPay, a crypto payments processing platform.

With a collective user base of over 1.6 million registered Canadians and a combined assets under custody exceeding $1-billion, Wonderfi serves one of the largest crypto investor communities in Canada.

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