Hey guys, so recently I ran across a company called MOGO, and I think it has some great long term potential.
About Mogo Inc: Mogo Inc is a Canadian based financial technology company. It offers a finance application to consumers with solutions which help them to control their financial health. At Mogo, users can sign up for a free account and get access to six products and solutions that help users to monitor their credit score, protect themselves from identity fraud, control their spending, and borrow responsibly. Some of its products are personal loans, crypto, mortgage, credit score, and others. Mogo is one of the go-to financial application for Canadians with more than 920,000 members.
Why I think it will go up: Mogo Inc (MOGO) stock is up 240.67% over the last 12 months, and the average rating from Wall Street analysts is a Buy. Mogo also recently acquired leading digital payments solutions provider Carta Worldwide, over two weeks ago. This move expanded Mogo’s addressable market by entering the global $2.5 trillion payments market. Following that, the company expanded into Japan last week via Carta. According to Mogo, this move was in support of the TransferWise multi-currency debit card launch in the country. With this move, Mogo continues to expand its market reach globally and seems eager to make the most of its newly acquired subsidiary.
Submitted February 16, 2021 at 03:44PM by MyWyoming https://ift.tt/3prPHUY
