Earlier this week, Mogo Finance Technology Inc. announced that the platform owes its recent sustained growth to the millennial segment of the population.
“In our most recent quarter, we delivered accelerating core revenue growth of over 60% and an increase in subscription and services revenue of over 100%,” Mogo president and CFO Greg Feller stated.
“At Mogo, we have built what we believe is Canada’s leading digital financial platform for millennials, and our continued member growth underscores that our value proposition is increasingly resonating with Canadians,” founder and CEO David Feller added.
Read more: Mogo fintech expands its reach
Mogo also announced that it has surpassed 700,000 users on its platform, a steady increase impelled by “growing brand awareness and an expanded suite of digital financial products.”
“Consumers, driven by millennials, are looking for digital solutions that are not only engaging, but also make it easier for them to get in control of their financial health. Unlike many single-product apps and solutions, the Mogo platform was built to offer our members convenient access to multiple financial products within one app,” David Feller noted.