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Mogo Inc (2)
Symbol MOGO
Shares Issued 24,870,316
Close 2024-07-22 C$ 2.16
Market Cap C$ 53,719,883
Recent Sedar Documents

Mogo to offer Mogo, Moka members FSI research

2024-07-23 12:02 ET - News Release

Mr. David Feller reports

MOGO BECOMES EXCLUSIVE CANADIAN PARTNER OF TOP-RANKED WALL STREET INVESTMENT STRATEGIST TOM LEE & FUNDSTRAT TO BRING THEIR EQUITY MARKET RESEARCH TO MOGO'S DIGITAL WEALTH CUSTOMERS

Mogo Inc. has signed a new partnership with Thomas Lee and FS Insight LLC to provide members of the company's digital wealth platform, Mogo and Moka, with exclusive access to research and related products and services produced by FS Insight -- a market-leading, independent research firm within Fundstrat Global Advisors. Fundstrat/FS Insight was co-founded by Mr. Lee who is a top-ranked Wall Street analyst with more than 30 years of research experience, the former chief equity strategist at global investment bank JPMorgan, and a contributing editor with CNBC; and John Bai, former Wall Street sales executive. FS Insight provides individuals with the same quality of research that banks and hedge funds receive to make their investment decisions.

"We are excited to partner with Tom and Fundstrat to provide our wealth members with exclusive content to help them make more informed investment decisions. Tom Lee has proven himself to be one of the most insightful market strategists working on Wall Street today," said David Feller, chief executive officer of Mogo. "We are on a mission to give the next generation of investors the edge they need to be successful, and partnering with Fundstrat is another important milestone in this mission."

"As a Wall Street strategist, I come across many different investing platforms and solutions, and I believe Mogo and Moka are among the most innovative I've seen, and exactly what any savvy investor should be looking for," said Mr. Lee, co-founder and head of research at Fundstrat. "We're delighted to work with Mogo to make our content more widely available to retail clients in Canada."

Under the agreement, Mogo will be the exclusive distributor of FS Insight's research to Canada's retail investor market. In addition to a broad array of subscription-based research, Mogo and Moka users will have access to exclusive interviews and webinars produced by FS Insight, as well as appearances featuring Tom Lee and Mark Newton, head of technical strategy at FS Insight. FS Insight research will be available to Mogo members beginning this quarter.

About FS Insight

FS Insight, wholly owned by Fundstrat, is a market-leading, independent research firm. It is an expert in U.S. macro market strategy and serves a broad array of clients around the world, including internationally recognized multitrillion-dollar asset managers, hedge funds and private banks, representing about 80 per cent of globally managed equity assets. FS Insight was co-founded by Mr. Lee, a top-ranked Wall Street analyst with about 30 years of research experience, and the former chief equity strategist at global investment bank JPMorgan; and John Bai, former Wall Street sales executive. Mr. Lee is also a regular guest on major financial news networks including CNBC, Bloomberg and Fox Business News, and has been quoted extensively in the financial press. He is widely followed by institutional and individual investors, as well as the media. FS Insight's work is often cited in social media, traditional media channels and on television/cable networks.

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 approximate 13-per-cent equity stake in Canada's leading crypto exchange, WonderFi. Mogo's digital wealth platform is designed to help the next generation of investors get the edge they need to be successful. Its platform includes Mogo, a self-directed investing app that helps members invest based off the principles of Warren Buffett while also helping them avoid the overtrading that generally leads to underperformance. Wealth members also get access to Moka, an innovative wealth management app that is designed to give investors the behavioural edge they need to outperform. Mogo's unique offering is aimed at disrupting the status quo by giving the next generation of Canadians access to best-in-class investing products for a simple $15/month subscription. 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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