History

Meet Mogo Finance - a rapidly and continuously growing financial company
with its history from 2012

Mogo Finance

continuously growing and expanding since 2012

Founded in 2012 with focus on used car financing, Mogo Finance immediately addressed most mainstream transactions in the car market that historically are under-banked. High demand for quality used car financing encouraged Mogo to expand its operations to the neighboring countries and become top of mind brand in used car financing.

Successful development of Mogo Finance has been undearpinned by the efficient loan portfolio management, robust capital structure and custom made IT platform.

Current operations include Latvia, Estonia, Lithuania, Georgia, Poland, Romania, Bulgaria, Moldova, Albania, Belarus, Armenia and Ukraine.  Continuous business expansion is part of Mogo strategy toward vision of becoming the most geographically diverse used car financier globally.

September 2018
Expanding

Launch of business in Ukraine

September 2018
Expanding

Launch of business in Bosnia and Herzegovina

June 2018
Expanding

Launch of business in Macedonia

April 2018
Expanding

Launch of business in Belarus

December 2017
Financing

€50 million EUR financed in Mintos marketplace

December 2017
Bond issue

€10 million tap bonds issued

December 2017
Expanding

Launch of business in Albania

September 2017
Expanding

Launch of business in Moldova

August 2017
Expanding

Launch of business in Armenia

April 2017
Financing

€20 million EUR financed in Mintos marketplace

March 2017
Expanding

Launch of business in Bulgaria

December 2016
Expanding

Launch of business in Romania

July 2016
Expanding

Launch of business in Poland

July 2015
Financing

€1 million EUR financed in Mintos marketplace

June 2014
Clients

10 000 registered clients

June 2014
Expanding

Launch of business in Georgia

March 2014
Bond issue

€20 million bonds issued in NASDAQ OMX Baltic Market

February 2013
Customer centers

The 10th customer service center opened

October 2013
Trademark register

Mogo community and figurative trademark registered in EU

September 2013
Expanding

Launch of business in Estonia

August 2013
Loan issuing

€1m loans issued by the Mogo group in one month

May 2013
Expanding

Launch of business in Lithuania

March 2013
Customer service

First customer service center opened in Riga, Latvia, in the premises of Vehicle Registry

October 2012
Car dealerships

Cooperation with car dealerships started

October 2012
Net portfolio

Net portfolio reaches €1.5m

October 2012
IT platform

Tailor-made IT platform launched

August 2012
Loan issuing

Financing license received and loan issuing started

May 2012
Foundation

Founding of Mogo in Riga, Latvia