Mogo recognized in Branham Group's top 15 growth list as FinTech adoption in Canada continues to accelerate
VANCOUVER, May 10, 2016 /CNW/ - Mogo (TSX: GO), Canada's leading digital financial platform, continues to drive the rise of FinTech in the country with its recent placement in the Branham Group's Top 15 Growth Companies in 2015.
Every year, Branham releases an annual list of Canada's top companies with the highest one-year percentage growth. With an 86% growth in revenue in the last year, Mogo was ranked by Branham as the second fastest organic revenue growth technology company on the TSX. It joins Canadian technology company Shopify, which also went public in 2015, on Branham's list.
This recognition comes in the midst of a growing awareness and adoption of FinTech in Canada, as evidenced by Mogo's record revenues and membership size. "2015 was a milestone year. We completed our $50 million IPO, increased our member base by 145%, and grew our revenue by 86%. It's great to be recognized for these achievements," says Greg Feller, Mogo's President and CFO. "This has allowed us to reach a level of scale, including a $50 million revenue run-rate that enables us to continue our significant investment in our platform, products, and member growth for 2016."
The Branham Group is a leading consultancy that provides business intelligence to companies around the world, from the United States to Europe and Latin America. It has recently expanded its reach to Asia Pacific markets as well. Exclusively focused on the technology sector, Branham's reports deliver meaningful data globally through focused analyses and thought leadership.
Mogo (TSX: GO) is not a bank—by design. It's a financial technology company focused on offering Canadians a more convenient and engaging digital alternative to the banks. With over 200K members and growing, we are using technology and design to offer consumers online and mobile access to solutions that are designed to help recover and improve their financial health. Whether looking to borrow money, refinance credit card debt, or getting tips on managing their money, Mogo is making it easier for our members to get in and stay in financial control. To learn more about Mogo—recently referred to as the potential "Uber of finance" by CNBC, Toronto Star, and others—visit mogo.ca.
SOURCE Mogo Finance Technology Inc
For further information: Craig Armitage, Investor Relations, [email protected], 416.347.8954; Alex Langer, Capital Markets, [email protected], 604.765.1604; Marci Hotsenpiller, ZINC PR , [email protected], 250 650 6524