Mr. Greg Feller reports

MOGO OPENS MORE THAN 200,000 NEW MEMBER ACCOUNTS IN 2018

Mogo Finance Technology Inc. opened more than 210,000 new member accounts in 2018, bringing its member base to approximately 756,000 at Dec. 31, 2018, as the company continues to establish itself as the go-to digital finance app for digitally minded consumers in Canada.

"We are driven to help Canadians get in better control of their financial health through our mobile-first platform and growing suite of products," said David Feller, Mogo's founder and chief executive officer. "Our account base is growing quickly, and we expect this to continue through 2019 as we add new products and features -- all within one app that is designed to provide a best-in-class digital experience."

Mogo's focus on millennials and digitally minded Canadians is delivering results; more than 50 per cent of the new members added in 2018 are millennials.

Greg Feller, president and chief financial officer, added: "Our team is hard at work on the development of new features and products -- including the rollout of the enhanced MogoCard with a new cashback program as well as expansion of our MogoWealth products -- that will bring even more value to our members and additional opportunities to monetize this member base. With a best-in-class digital experience, more than 750,000 members and a growing brand, we believe Mogo is a unique and valuable platform in the Canadian financial services landscape. We continue to have active discussions with potential partners as we look to further expand our product offering."

About Mogo Finance Technology Inc.

Mogo -- a financial technology company -- is a digital challenger to the banks in Canada, empowering consumers with simple solutions to help them manage and control their finances. Users can sign up for a free MogoAccount in only three minutes and get access to six products, including free credit score monitoring, identity fraud protection, digital spending account with Platinum Prepaid Visa Card, digital mortgage experience, the MogoCrypto account, the first product within MogoWealth, which enables the buying and selling of bitcoin, and access to smart consumer credit products through MogoMoney.

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