Mogo's digital financial products now accessible to more Canadians from their mobile devices
VANCOUVER, March 28, 2017 /CNW/ - Mogo Finance Technology Inc. (TSX: MOGO; OTCQX: MOGOF) ("Mogo"), a leading Canadian financial technology company, today announced the launch of the Android version of the MogoApp. The release of the Android app increases Canadian consumers' access to Mogo products and represents another milestone on Mogo's path to building the best digital banking experience in Canada. This completes Mogo's digital platform accessibility as Canadians can now open a Mogo account through their desktop, tablet, mobile web or using an iOS or Android app.
"In our view, the mobile app is the heart of a digital banking experience, and it's how more and more Canadian consumers will access and manage their finances," said David Feller, founder and CEO of Mogo. "While the banks are challenged to deliver a truly digital banking experience because of legacy technology, at Mogo a consumer can open an account in as little as 3 minutes, through either our iOS or Android app, and access their credit score for free, a personal loan if they need it, a mortgage, and our new digital spending account. Over the next few years as banking gets more digitized, consumers will continue to look for more convenient and transparent options outside of what the big banks offer, and we intend to continue to lead in offering innovative options, with lower rates and fees, that help Canadians save time and money."
"According to IDC, Android is the leading smartphone operating system globally,1" continued Feller. "With more than 350,000 Mogo members and growing, the Android app will support the continued growth of our member base and attract more Canadians to our innovative digital financial products."
Mogo's Android app is the first Android app in Canada to provide a free credit score with monthly credit score monitoring. Canadian consumers can download the free MogoApp in the App store and Google Play store and get their free MogoAccount in 3 minutes with access to Mogo's innovative products that are designed to help consumers improve their financial health.
About Mogo Finance Technology Inc.
Mogo (TSX: MOGO; OTCQX: MOGOF)— a Vancouver-based financial technology company— is focused on building the best digital banking experience in Canada, with innovative products designed to help consumers get in control of their financial health. Built mobile first, users can sign up for a free MogoAccount in only three minutes and get access to free credit score monitoring, a free spending account, mortgages and personal loans. With more than 350,000 members and growing, Mogo is leading the shift to digital banking in Canada and offering consumers real alternatives to the big banks. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).
This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, the growth of the company's member base. 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 the "Risk Factors" section of Mogo's annual information form dated March 7, 2017 for the year ended December 31, 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.
The Mogo Spending Account is only available to MogoAccount holders with an activated MogoCard, which is currently only available for order through the iOS MogoApp.
Apple and App Store are trademarks of Apple Inc., registered in the U.S. and other countries. Google Play and the Google Play logo are trademarks of Google Inc.
1 DeviceAtlas: The Mobile Web Intelligence Report Q4 2016
SOURCE Mogo Finance Technology Inc