STOCK PICK: Mogo, Inc. (NASDAQ: MOGO, TSE: MOGO)

Reshaping The Canadian Banking System

“Financial health and the health of the planet are closely linked as overspending is not only the number one reason why Canadians are struggling financially, but overconsumption is also directly linked to climate change. It’s clear that being more mindful around our spending is necessary to achieve important life goals like buying a home and retirement, but we are also now increasingly aware that being a mindful consumer is key to a healthy planet.  With Canada now in a state of climate emergency, and research reports showing that 72% of CO 2 can be linked to individuals’ consumption, we wanted to make it easy for Canadians to make a positive impact. With the launch of MogoSpend, Canadians, for the first time, will have a way to help control and reduce their spending while also offsetting their carbon footprint – for every dollar spent, Mogo will offset one pound of CO 2 on the consumer’s behalf.”

David Feller

Mogo Founder & CEO

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Introducing MogoSpend

MogoSpend is the latest product of Mogo’s innovation. In just 3 minutes, users can sign up for a free MogoSpend account, and track their spending through a Platinum Visa prepaid card that not only rewards users with best-in-class cash back, but upholds a promise to offset one pound of CO2 for every dollar spent. 

Breaking The Rules Of Traditional Banking

The Canadian banking system is a convoluted and expensive one, led by a handfull of powerful banks. Mogo is breaking the rules by offering just about everything that a traditional bank would offer either for free or at a fraction of the cost through a simple, yet intuitive mobile application. 

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