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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Changes in the Board of AS “mogo”

AS “mogo” informs, that effective from 15 March 2017, there are changes in the Board of the Company. The current Chairman of the Board Aleksandrs Čerņagins is being replaced by Edgars Egle. Aleksandrs Čerņagins will remain Member of the Board of AS “mogo”. About AS “mogo” AS “mogo” offers classical finance lease and lends against vehicles […]

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Mogo to offer loans from Poland on Mintos marketplace

Non-bank car loan provider Mogo is expanding its presence on the Mintos marketplace! Mogo will now offer car loans issued in Poland on the platform. The loan originator will offer investment opportunities in Polish zloty (PLN). Mintos will host Mogo Poland loans from PLN 2 500 to PLN 35 000, with a repayment deadline of […]

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Mogo financial calendar in 2017

Audited Annual Report for 2016 will be published on 28 February, 2017. Unaudited interim condensed financial information for the 3 month period ended 31 March 2017 will be published on 28 April, 2017. Audited interim condensed financial information for the 6 month period ended 30 June 2017 will be published on 31 August, 2017. Unaudited […]

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Mintos marketplace – loan originator’s perspective

Quite a few of the most active Mintos investors have shown interest in MOGO’s business, asking questions on Facebook groups and approaching me directly. This blog post aims to answer the most frequently asked questions. Please note that even though the MOGO business model is similar in all countries in which we operate, there are […]

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Mogo launches loans without buyback guarantee

We are happy to announce that Mogo loans without the buyback guarantee are now available on the Mintos marketplace. We are excited to bring to market yet another loan product that will allow investors to further diversify risk. With a total of EUR 130 million in loans originated since the company was founded in 2012, […]

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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 […]