From going public and being dubbed the “Uber of finance” to shocking the world with a new version of “Netflix and Chill” and giving out condoms, here are a few highlights from the year that was.
⊲ Mogo issues first MogoLiquid personal loans with 3-min. online application and instant decisioning, vs. up to 2 weeks at a bank. Yay!
⊲ Mogo signs with Visa Canada, gets ball rolling on creating Canada’s only free Prepaid Visa® Card with Chip & PIN, multiple designs, and no monthly fee.
⊲ Mogo begins offering credit scores—free to customers, paid for by Mogo and provided by Equifax Canada. Because knowledge is power.
⊲ Mogo marries finance with fine wine, creates Adulting 101: The Price is Wrong. Getting tipsy has never been more educational.
⊲ Mogo’s data scientists lower MogoLiquid’s and MogoMini’s rates even more. MogoLiquid’s rate is now 5.9%, lower than almost all Canadian banks for an unsecured loan.
⊲ CNBC asks, “Is Mogo the Uber of finance?”
⊲ Mogo launches Automated Bank Account Verification, minimizing effort to submit documents and making it less of a pain in the a$$ to show proof of income.
⊲ First MogoLiquid snapshot is born, motivating on-time payment by delivering updates on Level Up progress, loan balances, and payment dates to customers’ inboxes.
⊲ RBC = first Canadian corporation to pass $10b in annual net profit. Peter Mansbridge suggests these high earnings levels may not last with rise of fintech companies like Mogo.
⊲ Mogo elves distribute 60k condoms with the reminder “Don’t get screwed by the banks this holiday season,” ends year with bang.