Mogo Launches Commission Free Stock Trading App MogoTrade | Your money

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VANCOUVER, British Columbia – (BUSINESS WIRE) – December 21, 2021–

Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced the launch and gradual deployment of MogoTrade, an application Stock trading that sets a new bar for commission-free trading in Canada.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211221005719/en/

MogoTrade is the only commission-free trading app in Canada with free real-time streaming quotes. (Graphic: Business Wire)

The MogoTrade app is now available for download on the App Store and on Google Play. Members have immediate access to live streaming stock prices and will be added to the waitlist for access to the commission-free trading feature, which will roll out gradually through the first quarter of 2022.

MogoTrade is a next-generation trading platform and user experience designed to empower Canadians to seek financial freedom with confidence.

“The way people invest is changing and we couldn’t be more excited for Canadians to experience what we see as the future of investing,” said David Feller, CEO of Mogo. “We are in the early days of transforming investing and wealth management into a mobile-centric digital experience. MogoTrade is the centerpiece of our digital wealth strategy. Our next-gen platform will start with stocks, and we plan to expand it over time to include other assets like crypto and NFTs. “

Greg Feller, President, added, “This is the most important new product in our history and a major growth milestone for Mogo. MogoTrade, which is only the second commission-free equity trading app in Canada, gives us access to a large and rapidly growing market. Canadians have over $ 8 trillion in financial assets, including over $ 3 trillion in stocks, mutual funds and ETFs, and our goal is to provide them with the best digital tools to better manage and grow. their heritage. We anticipate this will be a major driver of growth and member engagement as we move into 2022. ”

Some Mogo members will be able to trade immediately and the Company will regularly invite members to activate the commission-free trading feature. To get on the list and receive an invitation to trade commission-free, Canadians must download the MogoTrade app on iOS or Android.

For more information visit: https://blog.mogo.ca/announcing-mogotrade

MogoTrade is offered by Mogo’s wholly owned subsidiary, MogoTrade Inc.

Forward-looking statements

This press release may contain “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the timing of the gradual deployment of MogoTrade and the expansion of the offering to include other assets that will be submitted. all necessary regulatory approvals. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by management at the time of their preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to differ materially from the estimated future results, performance or achievements expressed or implied by such forward-looking statements and Forward-looking statements are not guarantees of future performance. Mogo’s growth, its ability to expand into new products and markets, and its expectations for its future financial performance are subject to a number of conditions, many of which are beyond Mogo’s control, including obtaining any approval. regulatory requirement. For a description of the risks associated with Mogo’s business, please see the “Risk Factors” section of Mogo’s current annual information form, which is available at www.sedar.com and www.sec.gov. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, events or otherwise.

About Mogo

Mogo offers its nearly 1.8 million members simple digital solutions to improve their finances. Through the free Mogo app, consumers can access a digital spending account with the Mogo Visa * Platinum prepaid card, the only card of its kind in Canada. The MogoCard makes it easy to control spending while doing good for the planet by planting a tree for each purchase. The Mogo app also allows you to easily buy and sell bitcoin, get free monthly credit score monitoring and identity fraud protection, and access personal loans. Mogo’s wholly owned subsidiary, Carta Worldwide, also offers a digital payments platform that powers next-generation card programs from innovative fintech companies in Europe, North America and APAC, while Mogo’s wholly owned subsidiary, Moka, offers automated and fully managed apartments. -investment costs to Canadians from coast to coast. To find out more, visit mogo.ca or download the mobile app (iOS or Android).

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211221005719/en/

CONTACT: Craig Armitage

Investor Relations

[email protected]

(416) 347-8954 Investor Relations in the United States

Lytham Partners, LLC

Ben shamsian

New York | Phoenix

646-829-9701

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: BANKING FINANCE PROFESSIONAL SERVICES MOBILE / WIRELESS TECHNOLOGY

SOURCE: Mogo Inc.

Copyright Business Wire 2021.

PUB: 12/21/2021 2:26 PM / DISC: 12/21/2021 2:26 PM

http://www.businesswire.com/news/home/20211221005719/en

Copyright Business Wire 2021.


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