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Published: 2019-10-17 09:10:31 CEST
mogo
Other information disclosed according to the rules of the Exchange

Mogo Finance shareholders commit to inject EUR 10M of additional capital

Riga, Latvia, 17 October 2019. Mogo Finance S.A., a specialist in secured used car financing, announces that it has signed a binding commitment with its current shareholders to provide up to ten million Euro (EUR 10,000,000) of additional capital. Two million Euro (EUR 2,000,000) already have been injected and the company intends to draw down an eight million Euro (EUR 8,000,000) in increments by end of Q1 2020.

Contact:
Mogo Finance
Maris Kreics, Chief Financial Officer (CFO)
Email: maris.kreics@mogofinance.com

Simonas Jurgionis, Investor Relations Manager
Email: simonas.jurgionis@mogofinance.com
Phone: +371 27 073 993

About Mogo Finance:
Mogo Finance is one of the largest and fastest-growing secured used car financing companies in Europe. Recognizing the niche in used car financing underserved by traditional lenders, Mogo Finance has expanded its operations to 14 countries issuing over EUR 405 million up to date and running a net loan portfolio over EUR 160 million. Mogo offers secured loans up to EUR 15,000 with maximum tenor of 84 months making used car financing process convenient, both for its customers and partners. Wide geographical presence makes Mogo unique over its rivals and diversifies revenue streams.

Mogo Finance operates through its own branch network, more than 1,500 partner locations and strong online presence. Physical footprint makes Mogo Finance top of mind brand in used car financing. Established in 2012, headquartered in Riga, Latvia Mogo Finance operates in: Latvia, Estonia, Lithuania, Georgia, Poland, Romania, Bulgaria, Moldova, Albania, Belarus, Armenia, Uzbekistan, Kazakhstan and North Macedonia.
www.mogofinance.com

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