NEWS

A selection of important Mogo milestones and releases.

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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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Interview with Mogo Finance Group Chief Financial Officer Maris Kreics

“Everyone should play to their strengths. Mogo’s expertise is issuing loans to customers. We have developed advanced process for assessing clients’ creditworthiness, and we are able to evaluate collateral at a very high accuracy in a timely manner.” The Mintos team has developed a peer-to-peer lending platform covering a wide range of investors around the […]

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Mogo Finance attracts EUR 23.3 million mezzanine growth capital from Mezzanine Management

Mezzanine Management has provided EUR 23.3 million of mezzanine finance to support the growth of Mogo Finance (Mogo), a non-bank car financing provider operating in the Baltics and Georgia. The deal was funded through Accession Mezzanine Capital III, Mezzanine Management’s third investment vehicle. The fund is backed by reputable institutional investors, including European Bank for […]

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AS "mogo" audited annual report for 2014

AS “mogo” concludes year 2014 with a net profit of 0.54 million euro 2014 was a period of very rapid growth for the Company. Total assets of the Company grew up to 28 million euro, turnover reached 5.8 million euro, EBITDA 2.4 million euro, and net profit of the Company reached 0.54 million euro. In […]

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AS "mogo" unaudited financial results for the ten month period ended 31 October 2014

AS “mogo” (the Company) continues to see rapid growth of business in Latvia. The Company’s interest and similar income for the ten-month period ending on 31 October 2014 totaled EUR 4,602,750, increasing by 154% compared to the same period last year. The Company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 2,201,301 and […]

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AS "mogo" attracts EUR 19 million in investments by issuing notes

Marcis Grinis, Member of the Board at AS mogo; Daiga Auzina-Melalksne, Head of Exchange Services at Nasdaq OMX Baltic Market   Provider of vehicle finance lease and leaseback services AS “mogo” has issued notes to attract EUR 19 million as financing for its leasing portfolio. A total of 19,062 notes with an initial nominal value […]