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Mogo Finance Technology Inc
Symbol MOGO
Shares Issued 23,164,649
Close 2019-01-22 C$ 3.06
Market Cap C$ 70,883,826
Recent Sedar+ Documents

Mogo Finance to use Plaid's API technology

2019-01-23 09:28 ET - News Release

Mr. David Feller reports

MOGO EXPANDS ITS TECHNOLOGY PARTNERS WITH PLAID INTEGRATION AS IT CONTINUES TO ENHANCE ITS BEST-IN-CLASS DIGITAL FINANCIAL EXPERIENCE FOR CANADIANS

Mogo Finance Technology Inc. is leveraging powerful technology from customer experience leader Plaid to make Mogo's products even easier to use for its growing member base of over 750,000.

Mogo is leveraging Plaid's application programming interface (API) technology to enable more convenient access to its products and help more people more easily gain control of their financial health. Plaid's suite of APIs is already being used by many of the most innovative and fastest-growing companies in financial services.

"As consumers continue to migrate to mobile solutions for banking, saving and investing, we are working hard to make Mogo the 'go-to' financial app for the next generation of Canadians," said David Feller, Mogo's founder and chief executive officer. "Today's announcement is the next step in our plan to innovate and enhance our technology platform -- both through significant in-house development and by leveraging great technology from companies like Plaid -- while also expanding our offering by partnering with financial services companies that offer best-in-class financial products."

"We're excited to announce our partnership with Mogo today," said Paul Williamson, Plaid's head of sales. "Mogo has played a large role in building the fintech ecosystem in Canada, and it shares Plaid's commitment to putting consumers in the driver's seat when it comes to their financial lives."

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 a 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. The platform has been engineered to deliver a best-in-class digital experience, with best-in-class financial products all through one account. With more than 750,000 members and a marketing partnership with Canada's largest news media company, Mogo continues to execute on its vision of becoming the go-to financial app for the next generation of Canadians.

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