Vancouver, British Columbia – (Commercial wire) – –Mogo Inc. . Announcing the second consecutive quarter to accelerate the growth of new members, net membership additions in Q4 2020 increased by 55% over Q3 2020. Moko 2020 ended with more than 1.1 million members, making it one of the largest fintech companies in Canada with a total membership.
“Financial health is a major issue on the minds of more and more Canadians, and we see this reflected in the growing growth of our unique multi-product finance health solution, ”said David Feller, Founder and CEO of MOCO. “Our new membership growth accelerated for the second consecutive quarter. It speaks to the appeal of our specific products, including Bitcoin, free ID fraud protection and our unique carbon offset Mogo Visa * Platinum Prepaid Card, as well as the value of integrating them all into one seamless, digital account that allows members to manage their financial lives. We hope that we are in a good position for continued strong member growth and engagement in 2021. ”
Mogo President Greg Feller added: “We believe that we are in the early stages of transitioning from traditional bank to fintech offering new and innovative products, however, we believe that the ultimate winners will be the ones who can bring many high quality products in a single application in one application to manage financial health. . As one of Canada’s Fintech pioneers, we believe we are well established to take advantage of these trends through our multi – product finance health utility. ”
* Visa is a trademark of the International Service Association and is used under the license of the People’s Foundation. Moga Visa Platinum Prepaid Card is licensed by Visa Int by the People’s Trust. This is subject to the terms and conditions, see mogo.ca for full details. Your Mococard balance is not insured by the Deposit Insurance Corporation of Canada (CDIC). Only available for MogoMembers with MogoCpend enabled MogoCard. Mogo Card is a Mogo Visa Platinum Prepaid Card.
The applicable securities in this press release may include “perspective statements” within the meaning of the law, including reports on the potential to increase brand awareness, membership development, engagement and monetization. Perspective statements are based on a number of assumptions and assumptions that, while considered valid by management at the time of production, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may prove to be incorrect. Perspective statements include known and unknown risks, uncertainties and other financial factors that may differ from actual financial results, performance or achievements estimated future results, performance or achievements, and perspective statements and forward-looking statements are not guarantees for future performance. Moko’s growth, potential for new products and expanding markets, and expectations for its future financial performance are subject to a number of conditions, many of which are beyond Mogo’s control. For an explanation of the risks associated with Moko’s business, see the “Risk Factors” section of Moko’s current annual information form, which is available www.sedar.com And www.sec.gov. Moko denies any obligation to update or edit any forward-looking statements as a result of new information, events or otherwise, except in accordance with the law.
Moko – a financial technology company – provides a financial application that empowers consumers with simple solutions to control their financial health and be more aware of the impact they have on society and the planet. Users can sign up for a free account in three minutes, start learning the 4 habits of financial health and have convenient access to products that help them achieve their financial goals and have a positive impact on the planet, including digital spending accounting. Moko Visa * Platinum prepaid card includes automatic carbon offsetting, free monthly credit score tracking, ID fraud protection and personal loans. Members can easily buy and sell Bitcoin 24/7 through the Moko app, as well as participate in Moko’s new Bitcoin Rewards program. The Moko operating system is designed to deliver the best-in-class digital experience through one account. With more than a million members and a marketing partnership with Canada’s largest media company, Mogo continues to pursue its vision of gambling financial health and becoming a portable financial utility for the next generation of Canadians. To learn more, please visit mogo.ca or download a mobile app (iOS or Android).