Mr. David Feller reports

MOGO LAUNCHES "BUFFETT MODE" SELF-DIRECTED INVESTING APP -- THE PERFECT ANTIDOTE TO COMBAT MEME STOCK GAMBLING

Mogo Inc. wants Canadians to stop losing money through frequent and speculative trading that the self-directed investing industry promotes, and has launched the world's first-ever Buffett Mode self-directed investing app to help entrench the discipline, patience and approach that legendary investor Warren Buffett has long promoted.

"The meme stock craze is yet another example of the issue we're trying to combat: Investors have been tricked into thinking that the next 10-bagger stock is around the corner, and that a FOMO-style (fear of missing out) of investing is the best way to generate outsized returns, when the reality can't be further from the truth," said David Feller, Mogo's founder and chief executive officer. "The fact is, many investors lose money and the vast majority would be better off simply investing in the S&P 500. Most of these trading apps look more like gambling apps because they make way more money by getting you to gamble than to invest. Buffett Mode is designed to gamify patient, long-term value investing based on the principles of Warren Buffett."

The new Mogo app includes a powerful combination of features to help Canadians become better investors:

• Buffett Mode -- Mr. Buffett is widely considered the greatest investor of all time. Beginning with $114, he built a fortune of over $100-billion. His strategy is credited by many successful investors as the key to their success. It is about buying company shares at a price below their intrinsic value. Buffett Mode is designed to help anyone invest based on the principles of Mr. Buffett, including helping them reduce trading and speculating, which is often a driver of underperformance. While most trading apps focus on reducing friction to drive more trading, Buffett Mode adds friction to help users make more thoughtful decisions when buying or selling stocks, avoiding the natural instinct to gamble.
• Behavioural edge on tap -- Mr. Buffett credits much of his success not to high IQ (intelligence quotient) but to the right temperament. He believes that most investors fail because they lack the patience and discipline needed to be successful. The Mogo app leverages behavioural science to help gamify thoughtful long-term investing, while also helping to minimize the speculation and gambling that get many investors into trouble. A "build your legacy" calculator also helps inspire investors to focus on a long-term wealth-building strategy versus a get-rich-quick approach that usually leads to losses.
• Free of the wrong features -- Most trading apps have features designed to drive trading activity instead of help investors improve their returns. Mogo has omitted many of the features that drive speculation, including margin and options trading.
• Learn more every day -- As Mr. Buffett said, "The more you learn, the more you earn." Mogo has incorporated Mr. Buffett's teachings throughout the app.
• Simple pricing model -- As Charlie Munger said many times, "Show me the incentive and I'll show you the outcome." Mogo's unique $15-per-month subscription helps align the company's economic model with its users' success, as opposed to traditional models that are focused on driving trading activity. Mogo charges a flat fee whether you make one trade or 20 trades, with zero commission fees and zero added foreign-exchange fees.
• More money, more impact -- Mr. Buffett is not only one of the greatest investors ever, he is one of the greatest philanthropists ever. Mogo users make a positive impact every month by helping replant Canadian forests devastated by wildfires. The company's community has already planted approximately three million trees.

Canadians can open a Mogo account today by downloading the app.

The Mogo app incorporates the investing principles of Mr. Buffett in its features, design and content. The company is not endorsed by, nor affiliated with, Mr. Buffett.

About Mogo Inc.

Mogo is a digital wealth and payments company headquartered in Vancouver, Canada, with more than two million members, $9.9-billion in annual payments volume and an approximately 13-per-cent equity stake in Canada's leading cryptocurrency exchange, WonderFi. Mogo offers simple digital solutions to help its members dramatically improve their path to wealth creation and financial freedom. Mogo offers commission-free stock trading that helps users thoughtfully invest based on Mr. Buffett's approach to long-term investing -- while also making a positive impact with every investment. Mogo offers Canadians a real alternative to mutual funds and wealth managers that overcharge and underperform, with a fully managed investing solution based on the proven outperformance of an S&P 500 strategy, and at a fraction of the cost. Through its wholly owned digital payments subsidiary, Carta Worldwide, Mogo also offers a low-cost payments platform that powers next-generation card programs for companies across Europe and Canada. The company, which was founded in 2003, has approximately 200 employees across its offices in Vancouver, Toronto, London and Casablanca.

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