13:33:19 EDT Tue 25 Jun 2019
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Mogo Finance Technology Inc
Symbol C : MOGO
Shares Issued 23,164,649
Close 2019-03-20 C$ 3.24
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Mogo Finance brags about reaching 800,000 members

2019-03-21 09:07 ET - News Release

Mr. David Feller reports


Mogo Finance Technology Inc. has surpassed the 800,000-member milestone as it continues to establish itself as the go-to digital finance application for the next generation of Canadians. This milestone comes after the company announced that it added 210,000 new accounts in 2018 and, at year-end, its member base stood at 756,000, a 39-per-cent increase over the prior year.

"We are bringing together a range of digital financial solutions to make it easy and engaging for consumers to get financially fit, and Canadians are increasingly responding to this proposition," commented David Feller, Mogo's founder and chief executive officer. "With the near-term rollout of several new products, as well as ongoing enhancements to current products, we will have even more ways to attract new members to our platform, bringing us closer toward our goal of one million members."

Greg Feller, president and chief financial officer, commented: "With more than 800,000 members and growing evidence of our ability to quickly launch products and monetize them, we have built a valuable distribution platform. This is supporting our strategy to partner to bring best-in-class products to our members, which is a key strategic focus in 2019."

About Mogo Finance Technology Inc.

Mogo Finance Technology -- 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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