Mogo Inc. Reports Strong Growth in Wealth and Payments

Mogo Finance Technology ( (MOGO) ) has released its Q1 earnings. Here is a breakdown of the information Mogo Finance Technology presented to its investors.

Mogo Inc. is a financial technology company specializing in wealth, lending, and payments, with a unique integration of subprime consumer lending and wealth solutions in Canada and a modern card issuing and processing business in Europe. In its Q1 2025 earnings report, Mogo highlighted strong growth in its wealth and payments sectors, despite a slight overall revenue decline due to exiting a legacy brokerage business. The company reported total revenue of $17.3 million, with significant growth in wealth and payments revenues by 41% and 34% respectively, alongside a solid balance sheet with $38.8 million in cash, marketable securities, and investments. Mogo’s strategic focus on AI integration, through its MOGO 3.0 initiative, aims to enhance operational efficiency and customer experience, with a 100% increase in autonomous customer inquiry resolutions and expanded AI-powered investing features. Looking ahead, Mogo remains optimistic about its growth prospects, expecting continued revenue increases in its wealth and payments sectors, while maintaining a cautious approach to lending amidst economic uncertainties.