Mogo Inc. (NASDAQ: MOGO) stock gains by 2.08% in the current market trading session. Mogo’s over one million members have access to simple digital solutions that allow them to do money the right way. Consumers can use a digital spending account with the Mogo Visa* Platinum Prepaid Card which is the only card of its kind in Canada, through the free Mogo app. The MogoCard makes it simple to keep track of your spending while also helping the environment by planting a tree for every buy.
>> 7 Top Picks for the Post-Pandemic Economy <<
MOGO stock’ Significant Development
Following approval of the transaction by the Investment Industry Regulatory Organization of Canada and other regulatory approvals, Mogo stated that it has completed the previously announced acquisition of Fortification Capital Inc., a Canadian registered investment dealer. MogoTrade Inc. will replace Fortification as the company’s name.
When it comes to discovering hidden gems within the stock market, Stock Wire News has consistently provided invaluable insights. Stock Wire News invites you to explore their upcoming Wealth Building Report. This report will shine a spotlight on little-known companies with the potential for substantial growth in 2024, and it's completely FREE for a limited time.
Claim the free report now by clicking here and start discovering the hidden gems of the market
Sponsored
Read More
Fortification is a part of IIROC and a registered investment dealer in Canada. Mogo gains the required licenses, registration, and technology including an order management system and market data processing in order to expedite the growth of MogoTrade, the Company’s commission-free stock trading solution, among other things.
David Feller, Mogo’s Founder and CEO stated,
The purchase of Fortification is a significant step forward in the development of their new commission-free stock trading platform, as it adds critical regulatory and technological components to their current skills.
>> 7 Top Picks for the Post-Pandemic Economy <<
Greg Feller, President of Mogo Stock, further added,
They’re still in the early stages of transitioning wealth management in Canada to a modern mobile and digital-first experience, and they’re laser-focused on developing the best next-generation digital platform. Its mission is to provide Canadians with the best digital tools to better manage and develop their wealth, which includes more than $8 trillion in financial assets, along with more than $3 trillion in equities, mutual funds, and ETFs.