Mr. Greg Feller reports

MOGO'S DIGITAL PAYMENTS SUBSIDIARY CARTA WORLDWIDE REPORTS 23% INCREASE IN QUARTERLY TRANSACTION VOLUME TO RECORD $3.0 BILLION

Carta Worldwide, a global digital payment solutions business owned and operated independently by Mogo Inc., today processed just under $3.0-billion of payment volume in Q3 2024, an increase of 23 per cent compared with Q3 2023.

"Carta had another strong quarter and their payment volume is now on an annual run rate of $12-billion as they continue to expand with a number of large European customers," said Greg Feller, president and chief financial officer of Mogo. "We've been investing in Carta's technology platform in the last year, giving us even more confidence in the long-term prospects of this business in the large global payments market."

About Carta Worldwide

Carta is a digital payments software company which provides technology and services that enable financial technology companies, banks and corporations to issue payment products to consumers via multiple channels, including physical, virtual and tokenized cards, as well as payment switching and routing services. Carta was founded in 2008 with a vision to build a modern issuer processing platform that could enable innovators around the globe to deploy a new wave of payment products. The Carta platform provides the infrastructure to help fintech and payments business build and manage their payment systems, and it supports prepaid, debit and credit card issuer processing. Carta is certified as Visa and MasterCard processor with active card programs in over 35 countries.

About Mogo Inc.

Mogo is a digital wealth and payments company headquartered in Vancouver, Canada, with more than two million members, $12.0-billion in annual payments volume and an approximately 13-per-cent equity stake in Canada's leading cryptocurrency exchange, WonderFi. Mogo's digital wealth platform is designed to help the next generation of investors get the edge they need to be successful. The company's 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. The company's 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-per-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.