NEWS

A selection of important Mogo milestones and releases.

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Message to investors from Mogo’s board

Together we are facing a dynamic and unprecedented situation with Covid-19. As we move forward and continue to work together, we want to reassure you our top priority remains serving our customers, stakeholders and taking care of our team members. As we look forward and we adapt ourselves to different restrictions imposed by local government […]

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Mogo Finance opens books for tap issue of existing 9.50% corporate bond 2018/2022

Riga, Latvia, 6 November 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, announces the start of the subscription period for the increase of its 9.50% corporate bonds 2018/2022 (XS1831877755) by way of a tap issue. Settlement of the tap issue is expected to take place in mid-November 2019. The […]

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AS "mogo" external auditor change

With this AS „mogo” informs about the change of external auditor starting from 29th of October 2019. The previous external auditor SIA “Ernst & Young Baltic” is replaced by AS “KPMG Baltics”. About AS “mogo” AS “mogo” offers classical finance lease, lends against vehicles already owned by clients (a type of service known as leaseback) and instalment […]

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Mogo Finance shareholders commit to inject EUR 10M of additional capital

Riga, Latvia, 17 October 2019. Mogo Finance S.A., a specialist in secured used car financing, announces that it has signed a binding commitment with its current shareholders to provide up to ten million Euro (EUR 10,000,000) of additional capital. Two million Euro (EUR 2,000,000) already have been injected and the company intends to draw down […]

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Mogo Finance conducts European investor roadshow EUR bond tap issue may follow

Riga, Latvia, 3 October 2019. Mogo Finance S.A. and its group companies (the “Group”), specialized in used car financing, will conduct a series of investor meetings throughout Europe in connection with a potential tap issue of the EUR 75 million 9.5% Senior Secured Bonds 2018/2022 (XS1831877755). The Group has appointed Stifel Nicolaus Europe Limited as […]

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Mogo Group adds loans for investment from its 10th country on Mintos – Belarus!

Mogo Group, one of the largest used-car financing companies in Europe, has expanded its presence on Mintos once again by adding car loans from Belarus. With this development, Mogo Group now offers investment opportunities from 10 different countries on the marketplace. Mogo Group was founded in 2012 in Latvia and joined the Mintos marketplace in […]

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AS “mogo” interim condensed financial information for the 6 month period ended 30 June 2019

Net profit of the AS “mogo” Group amounted to 3.1 million euro which is significant increase from the 410 thousand euro in first 6 months of 2018 Significant financial results improvement was reached because of successful update of customer evaluation policy, what helped to decrease impairment for doubtful debtors. The Group has also reviewed its […]

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Mogo Finance reports unaudited results for the six month ended 30 June 2019

Investments in growth pay off as profitability OPERATIONAL AND STRATEGIC HIGHLIGHTS Group loans issued increased strongly by 30.3% equaling EUR 83.4 million (6M 2018: EUR 64.0 million), of which EUR 48.8 million in mature markets (6M 2018: EUR 48.3 million) Consolidated number of active customers up significantly by approx. 53.8% to over 100,000 (31 December 2018: approx. 65,000) Mid-tier countries Moldova and Romania, as well as […]

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Changes in AS “mogo” Board of Directors

AS “mogo” informs that as of August 13, 2019, Juris Pārups current Chairman of the Board of AS “mogo” has stepped down from his position. Considering the above, the AS “mogo” Board of Directors currently consists of one member – AS “mogo” CEO Krišjānis Znotiņš. About AS “mogo” AS “mogo” offers classical finance lease, lends […]

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Credit line granted to AS “mogo”

On 2nd August 2019 AS “Citadele banka” granted to AS “mogo” the credit line in the amount of EUR 3 million for refinancing of existing indebtedness. Maturity of agreement – July 2021. About AS “mogo” AS “mogo” offers classical finance lease, lends against vehicles already owned by clients (a type of service known as leaseback) and […]