Mogo Finance Technology (TSX:MOGO) has announced it has surpassed 450,000 Mogo members, an increase from 396,000 members reported as of March 31, 2017.
As quoted in the press release:
“Canadians continue to embrace Mogo’s innovative digital financial products and value proposition as they look for simpler and more convenient ways to get in control of their financial health,” said David Feller, Founder and CEO of Mogo. “As the recent EY FinTech Adoption Index highlighted, we are still at the early stages in the shift to digital financial services. According to the report, the number of Canadians that have used a FinTech service has doubled in the past two years, but is still less than 20%, compared with over 60% in some countries. We believe Mogo has one of the leading digital financial platforms and product offerings, and is very well positioned as this digital shift continues.”