NEWS
A selection of important Mogo milestones and releases.
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Mogo Finance Group generates €33.6m in quarterly revenues and announces corporate brand change
Mogo Finance Group, an international fintech, shows strong financial results in the first quarter of 2021. The Group’s companies earned €33.6 million in revenue in 14 countries, which is a 45% year-over-year increase according to the company’s unaudited financial results. The Group continued to demonstrate strong performance for the third consecutive quarter following the initial […]
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Mogo Finance EUR 2022 bondholders approve amendments to terms and conditions - Bondholders' meeting secures greater financial flexibility in COVID crisis
Mogo Finance EUR 2022 bondholders approve amendments to terms and conditions Bondholders’ meeting secures greater financial flexibility in COVID crisis Riga, Latvia, 27 January 2021. Mogo Finance and its group companies (the “Group”), specialized in used car financing, has received broad approval from bondholders to amend the terms and conditions of its EUR 2022 bonds. […]
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Mogo Finance commences process to amend terms and conditions of EUR 2022 bonds - Invitation to bondholders' meeting on 27 January 2021 following supportive feedback from investor consultation period
Mogo Finance commences process to amend terms and conditions of EUR 2022 bonds Invitation to bondholders’ meeting on 27 January 2021 following supportive feedback from investor consultation period Riga, Latvia, 11 January 2021. Mogo Finance and its group companies (the “Group”), specialized in used car financing, has commenced the formal process to amend the terms […]
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Mogo Finance year-end update 2020 and outlook for FY 2021
Continuing stronger performance and on track towards greater financial flexibility Riga, Latvia, 6 January 2021. Mogo Finance and its group companies (the “Group”), specialized in used car financing, is set to continue its strong performance in financial year 2021 under the ongoing COVID conditions. Following a successful 2020 based on a smooth transition to […]
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Mogo Finance S.A.: Mogo Finance reports unaudited results for the nine months ended 30 September 2020
First tangible signs of success towards leaner and more profitable organization OPERATIONAL AND STRATEGIC HIGHLIGHTS Performance in mogo markets recovered from initial pandemic shock; progress in focus on most profitable markets Issuances and debt collection back to pre-Covid-19 level – portfolio quality recovering Admin expenses unchanged y-o-y; adjusted for expansion of business – decreasing […]
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Mogo Finance S.A.: Unaudited 9M 2020 results on 10 November 2020 – Invitation to earnings call on 12 November 2020
Riga, Latvia, 3 November 2020. Mogo Finance and its group companies (the “Group”), specialized in used car financing, cordially invites investors and analysts to an earnings call with the Management Board on 12 November 2020, 15:00 CET, following the publication of its unaudited 9M 2020 results on 10 November 2020. CEO Modestas Sudnius and CFO Maris Kreics accompanied by CRO Julija Lebedinska-Ļitvinova Ph.D.will present […]
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Announcement by Mintos: Mogo Finance plans to acquire Tigo and Kredo
Mogo Finance group, one of the largest European used car finance groups, has announced it is planning to acquire two lending companies – Kredo and Tigo. Both companies currently are part of Finitera group. The acquisitions are subject to regulatory approval. Finitera has been seeking a strategic investor since the beginning of 2020. Its management […]
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Mogo Finance S.A.: Mogo Finance reports Unaudited results for the six months ended 30 June 2020
Successful transition through Covid-19 – Strong signs of recovery towards the end of H1 2020 OPERATIONAL AND STRATEGIC HIGHLIGHTS Measures implemented in response to Covid-19 prove to be effective – Operating countries nearly back to normal Declining issuances in H1 2020 recovering since May from troughs in April, but still below pre-Covid-19 levels and H1 […]
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Mogo Finance: Unaudited 6M 2020 results on 27 July 2020 - Invitation to earnings call on 29 July 2020
Riga, Latvia, 20 July 2020. Mogo Finance and its group companies (the “Group”), specialized in used car financing, cordially invites investors and analysts to a conference call with the Management Board on 29 July 2020, 16:00 CET, following the publication of its unaudited 6M 2020 results on 27 July 2020. Conference Call: CEO Modestas Sudnius […]
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CORRECTION: Mogo Finance acquires Sebo Credit SRL – Invitation to conference call on 15 July 2020, 16:00 CET
More than 50% from equity investors in Mogo Group and Sebo overlap, however according to IAS 24 both companies before transaction did not qualify as related parties. Mogo Finance group, one of largest European used car finance groups, has just acquired 5th largest (measured by total assets) non-banking credit organizations in Moldova – Sebo Credit […]
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MOGO ADDRESSES QUERIES ON FINANCIAL COVENANTS
Riga, Latvia, 10 July 2020. Mogo Finance and the representative of the investors in the Euro bonds have agreed to temporarily increase the potential financial covenants headroom, in exchange of a liquidity undertaking that would ensure timely payment of interests. We would like to stress that no covenant breach of the Euro bonds has occurred […]