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Mogo Inc. Common Shares - MOGO STOCK NEWS

Welcome to our dedicated page for Mogo Common Shares news (Ticker: MOGO), a resource for investors and traders seeking the latest updates and insights on Mogo Common Shares stock.

Mogo Inc. (symbol: MOGO) is a leading Canadian-based financial technology company dedicated to helping consumers manage their finances more effectively. With a mission to save Canadians $1 billion, Mogo offers a suite of innovative financial products designed to help consumers reduce debt and improve their financial health.

Based in Vancouver, BC, Mogo provides a range of personal loans, including their recently introduced installment loan product, MogoLiquid. The company's goal is not to encourage more spending but to promote smarter financial decisions. Their product offerings include the Mogo Card, a free prepaid Visa card, and various other digital finance solutions.

Upon signing up for a free Mogo account, users gain access to several perks such as a free credit score check, identity fraud protection, and exclusive treats and events. Mogo also offers digital loans and mortgages, along with a digital payments platform that powers next-generation card programs for both established global corporations and innovative fintech companies in Europe and Canada.

Recent achievements include partnerships with prominent financial institutions and the continuous enhancement of their digital platform to provide better user experiences and financial solutions. Mogo's commitment to financial literacy and responsible borrowing makes it a significant player in the fintech landscape.

For more information and the latest updates, visit mogo.ca.

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News

Mogo launches new Moka.ai investing app designed to help the next generation of Canadians become millionaires

Rhea-AI Summary
Mogo Inc. launches Moka.ai, a wealth-building app utilizing behavioral science to help Canadians achieve financial freedom. The app aims to disrupt traditional financial systems by providing a flat-fee subscription model and innovative wealth calculator.
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Mogo to Announce Q4 and Fiscal 2023 Financial Results March 20, 2024

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Mogo Inc. announces a conference call to discuss its Q4 & Full-Year 2023 financial results on March 20, 2024. The call will be hosted by David Feller, Founder & CEO, and Greg Feller, President & CFO.
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Mogo adds Bitcoin to its Treasury Management Strategy

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Mogo Inc. announces a shift in treasury management strategy to include Bitcoin and Bitcoin ETFs with an initial investment of up to $5.0 million. The company believes in the long-term investment opportunity for Bitcoin and highlights recent regulatory approvals and support from major asset managers. Mogo's Q3 financial report shows cash and total investments of $43.7 million, including a significant ownership in WonderFi Technologies Inc.
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Mogo Expands Relationship with Snowflake to Incorporate AI Applications and Scale Digital Wealth Platform

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Mogo Inc. (NASDAQ:MOGO) expands its relationship with Snowflake, the Data Cloud company, to use it as the foundation for its Wealth products, allowing for the deployment of new AI applications. The expanded use of AI aims to reshape the investing landscape and help Canadians, especially Gen Z, to benefit from advancements in wealth-building. Mogo's digital wealth platform includes Mogo, a commission-free stock trading app, and Moka, which offers Canadians a real alternative to mutual funds and wealth managers.
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Mogo to Participate in the KBW Fintech & Payments Conference

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Mogo Inc. (NASDAQ:MOGO) will be participating in the KBW Fintech & Payments Conference in New York from February 27-29, 2024. Mogo management will hold one-on-one meetings, and investors can access the company's presentation on its investor relations site.
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Mogo Portfolio Company WonderFi Provides Corporate Update

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Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) announced that its portfolio company, WonderFi Technologies Inc. (TSX: WNDR), is one of the largest crypto exchange platforms in Canada, with over 1.6 million users and $1 billion in client AUC. Mogo holds ~87 million shares in WonderFi, which represents a ~13% ownership interest. WonderFi owns and operates leading digital asset businesses in Canada, including Bitbuy, Coinsquare, and SmartPay. Q4 2023 corporate highlights include combined client assets under custody exceeding $1 billion, $760 million in combined trading volumes, and over $180 million in crypto payment volumes. WonderFi achieved cash-flow positive operations on a consolidated basis during the quarter.
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Mogo’s Digital Payments Subsidiary, Carta Worldwide, Reports 36% Increase in Payments Volume in 2023 to $9.9 Billion

Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) announces Carta Worldwide's 36% increase in payments volume to $9.9 billion for the 12 months ended December 31, 2023, driven by European expansion and significant investment in the platform.
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Mogo repurchases 4.4% of outstanding shares since June 2022

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Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) announced that it repurchased and cancelled 474,353 common shares in 2023, in addition to 600,000 shares in 2022, representing 4.4% of the outstanding common shares. The company currently has 24.5 million common shares issued and outstanding. The average price for the shares repurchased on NASDAQ was US$1.82, and on TSX was CA$2.04. Mogo plans to remain active with its buyback programs due to the undervaluation of its business and its ownership in WonderFi, Canada’s regulated crypto exchange.
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Mogo Reports Results for Q3 2023

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Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) reported a 30% increase in payment volume to $2.4 billion and a revenue of $16.2 million for Q3 2023. The company's adjusted EBITDA reached $2.1 million, marking the 6th consecutive quarter of growth. Mogo's financial and operational results reflect a focus on cost efficiency and improving cash flow, positioning the company well for future growth.
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Mogo Comments on Recent Share Price Volatility

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Mogo reaffirms its Financial Targets for FY 2023 and has repurchased 587,789 shares over the past 12 months. Q2 2023 financial highlights include a revenue of $16.0 million, gross profit of $11.9 million, and an improvement in Adjusted EBITDA to $1.8 million. Mogo's digital payment solutions business, Carta Worldwide, processed over $2.5 billion of payments volume in Q2 2023, a 51% increase compared to Q2 2022.
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FAQ

What is the current stock price of Mogo Common Shares (MOGO)?

The current stock price of Mogo Common Shares (MOGO) is $1.52 as of November 21, 2024.

What is the market cap of Mogo Common Shares (MOGO)?

The market cap of Mogo Common Shares (MOGO) is approximately 37.3M.

What is Mogo Inc.?

Mogo Inc. is a Canadian financial technology company offering innovative solutions to help consumers manage their finances better.

What products does Mogo offer?

Mogo offers personal loans, a prepaid Visa card, credit score monitoring, identity fraud protection, digital loans, and mortgages.

Where is Mogo Inc. based?

Mogo Inc. is based in Vancouver, BC, Canada.

How can I sign up for a Mogo account?

You can sign up for a free Mogo account on their website at mogo.ca.

What is MogoLiquid?

MogoLiquid is an installment loan product recently introduced by Mogo to meet various personal financial needs.

Does Mogo offer credit score monitoring?

Yes, Mogo offers free credit score monitoring for users who sign up for a Mogo account.

How does Mogo help in spending smarter?

Mogo provides tools and products that encourage responsible spending and borrowing, helping users make better financial decisions.

What are the benefits of the Mogo Card?

The Mogo Card is a free prepaid Visa card that helps users manage their spending and avoid debt while offering various perks.

Can Mogo protect against identity fraud?

Yes, Mogo offers identity fraud protection as part of their product suite.

What is Mogo's mission?

Mogo's mission is to save Canadians $1 billion by helping them manage debt and make smarter financial decisions.

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Mogo Inc. Common Shares

Nasdaq:MOGO

MOGO Rankings

#5011 Ranked by Market Cap
N/A Ranked by Dividends
#64 Top Loser

MOGO Stock Data

37.27M
20.87M
14.72%
9.44%
0.24%
Software - Infrastructure
Technology
Link
United States of America
Vancouver