Mogo Inc.
MOGO.TO
Toronto Stock Exchange1.49
CAD
+0.05
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Mogo Inc.
MOGO.TO
(Toronto Stock Exchange)
Recent
price
1.49
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Mogo Inc. operates as a financial technology company primarily in Canada, with expanding operations in Europe and internationally. Founded in 2003 and headquartered in Vancouver, Canada, Mogo offers a suite of digital financial products designed to help consumers manage and improve their financial health. Its main product lines include MogoMoney, which provides online personal loans with automated approval and management; MogoProtect, offering identity fraud protection and credit score monitoring; MogoCard, a prepaid Visa card with cashback rewards and carbon offsetting features; MogoMortgage, a digital mortgage brokerage service providing access to multiple lenders; MogoCrypto, an integrated cryptocurrency buying and selling platform through partnership with Coinsquare; and MogoTrade, a commission-free stock trading app focused on simplified investing. These products are delivered through an integrated digital account accessible across multiple platforms. In recent developments, Mogo has shifted its strategic focus towards expanding its wealth management and payment solutions businesses while exiting the low-margin institutional brokerage business. The company has reported solid financial improvements, including a positive adjusted net income for 2024 and a raised adjusted EBITDA guidance for 2025, reflecting strong operational cash flow growth and increased subscription and services revenue. Mogo also initiated a Bitcoin treasury strategy in 2024, scaling and enhancing its focus in this area during the year. Additionally, the company benefits from the acquisition of payment platform provider Carta Worldwide, which supports its growing B2B payment processing revenue streams in Canada and Europe. Mogo targets Canadian consumers and retail investors by providing accessible, integrated digital financial tools that combine spending, saving, investing, lending, and credit monitoring into one platform. This approach differentiates Mogo in the fintech sector by offering a holistic financial experience with technology-driven products that appeal to environmentally conscious users as well as general consumers looking for simplified financial management. Its business model operates predominantly on subscription and transactional revenues, emphasizing customer growth through digital marketing and strategic partnerships. Overall, Mogo Inc. stands as a diversified financial technology company offering personal loans, identity protection, payment cards, mortgage brokerage, cryptocurrency trading, and stock trading services, supported by recent financial performance improvements and strategic business realignments aimed at scaling wealth and payment solutions internationally while maintaining a strong foothold in Canada.