Mogo Appoints Tom Liston to Board

VANCOUVER, Oct. 27, 2016 /CNW/ - Mogo Finance Technology Inc. ("Mogo") (TSX: GO) announced today that the Company has added experienced technology capital markets executive Tom Liston, CFA, MA (Econ), to its board of directors.

Mr. Liston is currently Managing Partner at Difference Capital Financial, which provides debt and equity growth capital mainly to late-stage private companies with a focus on technology, media and healthcare. Previously, Liston was a top-ranked research analyst covering the technology sector. His research career began at Yorkton Securities in 1999 as a Research Analyst covering Software and IT Services companies. In early 2003, he joined Versant Partners in the same role and was promoted to Director of Research. Versant Partners was acquired by Cantor Fitzgerald in 2012, following which Mr. Liston served as Director of Canadian Research at Cantor Fitzgerald while maintaining his coverage of the technology sector. Mr. Liston was consistently ranked among the top technology analysts in several surveys, including: StarMine, Brendan Wood, Greenwich Associates and Reuters. Since 2014, Mr. Liston served as a Director of QHR Technologies Inc., which was recently sold to Loblaw Companies Limited.

"We've known Tom for many years and are very pleased to add him to our board," said Dave Feller, Founder and CEO of Mogo. "During his career, Tom has evaluated and invested in many leading technology companies, and we expect to benefit from his deep understanding of the sector and capital markets knowledge as we introduce other innovative products and pursue our goal to build the leading digital financial company in Canada."

The Company also announced that Peter Brown has resigned from the board of directors to devote additional time to his other commitments, including charitable work.

"We would like to sincerely thank Peter for his leadership and many contributions to Mogo during an important time in the development of the company," said Mr. Feller.

About Mogo Finance Technology Inc.

Mogo (TSX: GO)—a Vancouver-based financial technology company—is building the best digital banking experience for the next generation of Canadians with its free Mogo®Account. In under three minutes, users can sign up for an account and get instant access to three innovative products: Canada's only free credit score with free monthly credit score monitoring; a digital spending account with no monthly fee, accessible through a Mogo Platinum Prepaid Visa® Card; and an instant pre-approval on a personal loan—all with no impact to their credit score. With more than 300,000 members and growing, Mogo is quickly becoming the new face of banking in Canada. To learn more, visit mogo.ca or download the mobile app.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding Mogo's intention to expand into other products and markets and Mogo's expectations regarding members. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo's growth, its ability to invest in its platform and expand into new products and markets and its expectations for its financial performance for 2016 are subject to a number of conditions, many of which are outside of Mogo's control. For a description of the risks associated with Mogo's business please refer to its Annual Information Form dated March 30, 2016, which is available at www.sedar.com. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

SOURCE Mogo Finance Technology Inc

For further information: Media Contact: press@mogo.ca; Investor Relations: Craig Armitage, CraigA@mogo.ca, 416-347-8954; Capital Markets: Alex Langer, AlexL@mogo.ca, 604-765-1604

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