Welcome to our dedicated page for Mogo news (Ticker: MOGO), a resource for investors and traders seeking the latest updates and insights on Mogo stock.
Mogo Inc (MOGO) is a leading Canadian fintech innovator providing digital financial solutions focused on credit health, smart spending, and identity protection. This dedicated news hub aggregates official press releases and verified updates about the company’s strategic initiatives, financial performance, and product developments.
Investors and stakeholders will find timely information on quarterly earnings, partnership announcements, and technology innovations shaping Mogo’s position in the digital finance sector. The curated collection includes updates about its core offerings: digital lending platforms, credit score monitoring tools, and fraud prevention services.
Bookmark this page to stay informed about Mogo’s market movements, leadership updates, and regulatory filings. All content is sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
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Mogo Inc. nominates Christopher Payne as a director for WonderFi Technologies Inc., expressing support for a new slate of directors. Mogo, WonderFi's largest shareholder, emphasizes the need for a fundamental transformation of the board. The company has invested over $100 million in WonderFi and seeks to enhance its position as a regulated crypto exchange in Canada.
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Mogo Inc. announces the resumption of share repurchases under its buyback program on NASDAQ after releasing Q4 & FY 2023 financial results. The Company repurchased 474,353 common shares in 2023 at an average price of $2.36 per share. Including previous repurchases, Mogo has bought back 1,074,353 shares to date, representing 4.4% of outstanding shares. The Company aims to enhance long-term shareholder value by repurchasing undervalued shares.
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Mogo Inc. (MOGO) reports a 36% increase in payments volume to $9.9 billion, Q4 revenue of $17.2 million, and Adjusted EBITDA of $2.7 million. The company ended the year with $55.6 million in cash and investments, including $27.7 million in crypto-related investments. Mogo focuses on profitability and efficiency, with plans to accelerate marketing efforts in 2024 to enhance user experience and financial freedom for Canadians.
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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 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 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 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 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 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 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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