Mogo
Financials
Estimates*
CAD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|
Revenues | 59.8m | 44.2m | 57.5m | 68.9m | 65.2m | 98.2m | 110m |
% growth | 6 % | (26 %) | 30 % | 20 % | (5 %) | 51 % | 12 % |
EBITDA | (4.3m) | 10.7m | (21.5m) | (43.5m) | (6.6m) | - | - |
% EBITDA margin | (7 %) | 24 % | (37 %) | (63 %) | (10 %) | - | - |
Profit | (10.8m) | (13.4m) | (33.2m) | (166m) | (17.9m) | - | - |
% profit margin | (18 %) | (30 %) | (58 %) | (240 %) | (27 %) | - | - |
R&D budget | 15.0m | 13.0m | 10.7m | 13.0m | 10.6m | - | - |
R&D % of revenue | 25 % | 29 % | 19 % | 19 % | 16 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $635k | Early VC | |
N/A | N/A | Series C | |
| $200m | Post IPO Debt | |
N/A | $40.6m | IPO | |
N/A | CAD15.0m | Post IPO Debt | |
* | N/A | Media For Equity | |
N/A | $49.7m | Post IPO Equity | |
* | N/A | $27.5m | Post IPO Equity |
* | $60.0m | Post IPO Debt | |
Total Funding | CAD866k |
Recent News about Mogo
EditMogo Finance Technology Inc., based in Vancouver, operates in the financial technology (fintech) sector, providing innovative solutions to help Canadians manage their finances. The company offers a range of products including free credit score monitoring, personal loans, and tools for budgeting and investing. Mogo's primary clients are individuals seeking to improve their financial health through better money management and responsible borrowing. The company operates in the Canadian market and leverages a digital platform to deliver its services, making money through interest on loans, subscription fees for premium services, and transaction fees. Mogo's business model focuses on providing accessible and user-friendly financial tools that promote financial literacy and responsible financial habits. The company has received industry recognition for its innovation, including accolades from the Apple App Store and the Fintech Innovation Awards. Mogo's team is dedicated to revolutionizing the world of finance by leveraging technology to offer practical financial solutions. The company operates out of multiple locations in Canada, with its headquarters in Vancouver and additional offices in Surrey and Winnipeg. Mogo's mission is to empower Canadians to achieve financial freedom through education and innovative financial products.
Keywords: fintech, credit monitoring, personal loans, budgeting tools, investing, financial literacy, digital platform, Canadian market, financial health, innovation.