Mogo Receives Conditional TSX Approval Related to Acquisition of Carta Worldwide
Summary
Carta’s modern issuing platform is the engine behind innovative fintech companies and products around the globe, powering over 100 card programs and providing vital processing technology to industry leaders in Europe and North America. “ We are excited to be moving forward with this acquisition and expect to be able to close by the end of January,” said Greg Feller, President and Chief Financial Officer of Mogo. “ With Carta’s next-generation digital payments platform, we will be well positioned to take advantage of the massive opportunity created by the accelerating shift of financial services to a fully digital experience.” This news release may contain "forward-looking statements" within the meaning of applicable securities legislation, including statements regarding the anticipated closing of the Carta acquisition and accelerating revenue growth in 2021. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Users can sign up for a free account in only three minutes, begin to learn the 4 habits of financial health and get convenient access to products that can help them achieve their financial goals and have a positive impact on the planet including a digital spending account with Mogo Visa* Platinum Prepaid Card featuring automatic carbon offsetting, free monthly credit score monitoring, ID fraud protection and personal loans.