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Mogo Launches New Moka.Ai Investing App Designed to 'Help the Next Generation of Canadians Become Millionaires'
Monday, March 18, 2024Company Profile | Follow Company
Moka.ai says it focuses on behavioral science and a proven long-term investing strategy. It has a disruptive, flat-fee monthly subscription model and an innovative 'wealth calculator'
Vancouver, BC, March 18, 2024--(T-Net)--Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), a digital wealth and payments business, has announced the launch of Moka.ai, the next generation of its wealth-building app with significant updates and enhancements designed to "help the next generation of Canadians get on a real path to becoming millionaires and achieving financial freedom" (1).
"A recent survey of Canadians aged 55 to 65 who have yet to retire revealed that 75% have less than $100,000 saved versus the average amount of $1.7 million that Canadians believe they need to retire2. This highlights how broken the system is and the opportunity for disruption," said David Feller, Mogo's Founder and CEO.
"Our goal is to help ensure that the next generation doesn't suffer the same fate. Leveraging decades of data and behavioral science, we have created a product that helps anyone get on a path to being a millionaire. With Moka, we are seeing people go from not having a financial path to retirement to being on track for retiring with millions. Some were investing in mutual funds, some were simply putting money in a savings account, but most had no idea what the right approach was or how much they would need to invest to achieve financial freedom. Moka makes it easy."
The new Moka.ai app includes a combination of features to help Canadians simplify and automate the wealth-building process.
Canadians can open a Moka.ai account today by downloading the app: App Store and Google Play.
About Mogo
Mogo Inc. (NASDAQ:MOGO; TSX:MOGO) is a financial technology company headquartered in Vancouver, Canada. With more than 2 million members, $9.9B in annual payments volume and a ~13% equity stake in Canada's leading Crypto Exchange WonderFi (TSX:WNDR), Mogo offers simple digital solutions to help its members dramatically improve their path to wealth-creation and financial freedom. Mogotrade offers commission-free stock trading that helps users thoughtfully invest based on a Warren Buffett approach to long-term investing - and make a positive impact with every investment.
Moka offers Canadians a real alternative to mutual funds that overcharge and underperform with a passive investing solution based on a S&P 500 strategy at a fraction of the cost. Through its wholly owned digital payments subsidiary, Carta Worldwide, Mogo also offers a low-cost payments platform that powers next-generation card programs for companies across Europe and Canada. The Company, which was founded in 2003, has approximately 200 employees across its offices in Vancouver, Toronto, London & Casablanca.
Forward-Looking Statements This news release may contain "forward-looking statements" within the meaning of applicable securities legislation, including statements regarding the growth potential of Mogo's portfolio companies. [ MORE ] |
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