Mogo Inc. Common Shares - MOGO STOCK NEWS

Mogo (NASDAQ:MOGO) has announced that its subsidiary, Carta Worldwide, is collaborating with allpay to facilitate public sector payment initiatives in the UK. These include distributing prepaid cards through the National Health Service to support health programs and the Healthy Start initiative for new mothers. Mogo aims to democratize financial services through technology, while Carta’s platform allows for the issuance of virtual and physical cards. This partnership represents a significant step in digitizing public health payments in the UK.

Mogo announced a minority investment in Tetra Trust Company, Canada's first qualified custodian for cryptocurrency assets. This investment aims to strengthen Mogo's stake in the growing cryptocurrency market, as Tetra Trust provides secure custody solutions for digital assets like bitcoin and ether. Notably, Mogo holds a 4% ownership in Tetra Trust and an approximate 39% stake in Coinsquare, which also supports Tetra. This development is essential as it positions Mogo to capitalize on the expanding cryptocurrency ecosystem in Canada.

Mogo Inc. held its annual general meeting of shareholders, with all resolutions passed, including the election of directors and appointment of auditors. A total of 35,329,257 votes were cast, representing 54.51% of outstanding shares. Notably, David Feller received 95.94% of votes in favor of his reelection. KPMG LLP was reappointed as the Company’s auditor with 99.95% approval. Mogo continues to enhance its digital financial solutions for over one million members through its app, offering features such as a prepaid card, cryptocurrency trading, and credit monitoring.

Mogo (NASDAQ:MOGO) has completed the acquisition of 2.0% of Coinsquare, Canada's leading cryptocurrency platform, from Michael Diamond and affiliated vendors. The deal involved Mogo issuing 378,774 shares and a cash payment of $5 million. Mogo also holds an option to acquire an additional 3.4% of Coinsquare shares, with potential ownership increase up to 14%. Coinsquare has demonstrated significant growth since 2014, enhancing Mogo's position in the digital asset sector.

Mogo, a digital payments and financial technology company, announced the nomination of Wendy Rudd and Dr. Liam Cheung to its board of directors ahead of the annual shareholder meeting on June 29, 2021. Both nominees bring extensive experience in the securities industry and are expected to support Mogo's growth, particularly its next-generation wealth offering. Current directors Minhas Mohammed and Kees Van Winters will retire, marking a significant transition in leadership. Mogo aims to enhance its digital solutions for over 1.5 million members, with a focus on financial health and innovative services.

Mogo Inc. (NASDAQ:MOGO) announced the successful completion of its acquisition of 5.4 million common shares of Coinsquare Ltd., raising its ownership from 19.9% to approximately 37%. The total consideration for this acquisition was $48.6 million, paid through the issuance of 5,080,876 common shares of Mogo. Mogo anticipates continued growth at Coinsquare, noting a significant increase in assets and trading volumes since its initial investment. Future ownership increases beyond 49.9% will require Coinsquare board approval, which is uncertain.

Mogo Inc. (NASDAQ:MOGO, TSX:MOGO) plans to increase its stake in Coinsquare Ltd., Canada’s top cryptocurrency platform, by acquiring an additional 2.0% of its common shares from Michael Diamond and an affiliated company. Mogo may also buy another 3.4% within 120 days, potentially raising its ownership to approximately 53%. The acquisition is seen as strategically significant, supporting Mogo’s aim to build a comprehensive digital wallet in Canada. Coinsquare has reported strong financial growth, with record monthly revenue of $8.0 million in April 2021.

Mogo Inc. (NASDAQ:MOGO, TSX:MOGO) has announced that its payments platform, Carta Worldwide, has attained Visa Ready certification through the Visa Ready for Fintech Enablers program. This certification enables Carta to deliver digital issuance solutions to fintechs and traditional issuers across North America and Europe, enhancing their digital-first strategies. Carta's capabilities are further validated, appealing to various financial institutions seeking agile and flexible issuer processing solutions. The platform powers over 100 card programs globally.

Mogo Inc. (NASDAQ:MOGO) announces participation in the 16th Annual Needham Virtual Technology & Media Conference on May 19. Greg Feller, President, will present virtually at 12:45 PM ET and engage in one-on-one meetings. Mogo empowers over 1.5 million members with digital solutions for financial health, offering services like a prepaid card with carbon offsetting, bitcoin trading, credit score monitoring, and personal loans. Mogo's subsidiary, Carta Worldwide, provides a digital payments platform for fintech companies globally.