A digital financial brand for the
next generation of consumers.
PRESS KIT
2/11
MOGO PRESS KIT
Netflix disrupted movies. Uber
disrupted taxis. Now, Mogo is
dismantling—and recreating—
banking—to of...
3/11
MOGO PRESS KITMOGO PRESS KIT
**Equifax Canadian Consumer
Credit Trends Q4 2014
*Save up to 93% based on comparison of...
4/11
MOGO PRESS KIT
The Mogo Financial
Fitness Program
The average debt held by Canadians is about $20,000*—
and that’s ex...
5/11
MOGO PRESS KIT
Don’t qualify for
MogoLiquid? It’s okay.
You’ve got a better option at Mogo,
no matter your credit his...
6/11
MOGO PRESS KIT
Level Up
Mogo’s signature socially responsible debt-relief
program, Level Up, automatically lowers int...
7/11
MOGO PRESS KIT
Free credit score
100-Day Money-Back Guarantee
No prepayment fees
It pays to be informed.
We’re happy ...
8/11
MOGO PRESS KIT
MogoCard
All the benefits of a debit card
and a credit card without the
fees or interest.
Mogo will be...
9/11
MOGO PRESS KIT
#MogoPerks
MogoMembers receive exclusive access to street-level
giveaways, online contests, tickets to...
10/11
MOGO PRESS KIT
Chantel Chapman is an entrepreneur, educator and Mogo’s
Financial Fitness Coach. With over a decade’s...
11/11
MOGO PRESS KIT
David Feller founded Mogo in 2003 and currently serves as the Company’s
Chief Executive Officer and a...
of 11

Presskit_current

Published on: Mar 4, 2016
Source: www.slideshare.net


Transcripts - Presskit_current

  • 1. A digital financial brand for the next generation of consumers. PRESS KIT
  • 2. 2/11 MOGO PRESS KIT Netflix disrupted movies. Uber disrupted taxis. Now, Mogo is dismantling—and recreating— banking—to offer solutions that help Canadians take control of their financial health. 1 in 3 millennials are open to switching banks in the next 90 days*. With such a high lack of trust in such an old institution, the industry is ripe for disruption. Strictly speaking, Mogo’s a financial technology company—but it’s also so much more than that. Using design and technology, we’ve created an experience that gives consumers a new level of convenience and simplicity when it comes to managing their money. We offer credit to the full spectrum of consumers—regardless of credit score—and at rates that we believe are generally lower than the rates charged by traditional institutions for comparable products. Not only that, we also reward our customers with lower rates when they make their payments on time (more on that later). Counterintuitive? Yes. But it’s also the right thing to do—especially when 53% of millennials don’t think their bank offers anything different than other banks*. With these industry-leading advantages, we’ve originated over 900,000 loans and acquired more than 100,000 members. ABOUT MOGO *Millennial Disruption Index: http://www.millennialdisruptionindex.com/wp-content/uploads/2014/02/MDI_Final.pdf
  • 3. 3/11 MOGO PRESS KITMOGO PRESS KIT **Equifax Canadian Consumer Credit Trends Q4 2014 *Save up to 93% based on comparison of MogoMini $1.53 per $100 for 14 days (AIR 39.9%) to payday loan rate at maximum provincial rate cap of $21/$100 in Ontario and save up to 50% based on comparison of MogoZip at $10.50 per $100 for 14 days to payday loan rate at maximum provincial cap of $21/$100 in Ontario. COMPARED TO ALTERNATIVES WE CAN LOWER YOUR COST OF BORROWING BY UP TO 93% * Banks are making record profits while consumers are getting saddled with record levels of debt. Credit cards, with their ease of overspending, are a gateway that can lead to various other types of debt such as payday loans and consumer finance loans. Besides, why fill out endless bank forms, stand in line, or take time out of your day to sit across from a stone-faced loan officer when you could just apply online with Mogo? TOTAL CONSUMER CREDIT OUTSTANDING $1.5T ** MORE THAN AVERAGE CANADIAN PAYS 20% OR MORE CREDIT CARD INTEREST 10M WHY CHOOSE MOGO? How to become a MogoMember? At Mogo, membership is a right and not a privilege. Join the revolution against the banks today by signing up for free online at Mogo.ca. AVERAGE HOUSEHOLD DEBT EXCLUDING MORTGAGE DEBT* $20K ** SIMPLE APPLICATION PROCESS 3MINS APPROVED FOR ONE OF OUR LOAN PRODUCTS 74.6% THE PROBLEM
  • 4. 4/11 MOGO PRESS KIT The Mogo Financial Fitness Program The average debt held by Canadians is about $20,000*— and that’s excluding mortgages. Enter MogoLiquid. You can borrow up to $35,000 with rates starting at 5.9%, but no matter where you start, you can work your way to a lower rate every year with on-time payment (unless you’re already at the lowest rate, of course). With no prepayment penalties and terms from one to five years, it’s designed to be the tool consumers use to consolidate and pay off debt faster. Every month, we’ll send you a snapshot of the progress you’re making in paying off your MogoLiquid loan. See how many more payments you have to make to pay off your principal, and also see how you’re doing in your quest to Level Up to a lower rate. THE SOLUTION MogoLiquid We deliver. To your inbox. Finally, a cure for credit card debt. *http://www.consumer.equifax.ca/about_equifax/newsroom/news/en_ca?newsId=93fad6af-a463-4286-aa66-3606fea52ed1
  • 5. 5/11 MOGO PRESS KIT Don’t qualify for MogoLiquid? It’s okay. You’ve got a better option at Mogo, no matter your credit history. According to the Canadian Payday Loan Association, approximately 2 million Canadians turn to payday loans, which are convenient but can be expensive. MogoMini is up to 93% cheaper than a payday loan*—you pay about $0.11/$100 per day on the amount borrowed, up to $2,500 (39.9% AIR). It’s also better than paying $45 every time you write a cheque that you can’t cash, plus it gives you the chance to work up to a better rate with the Level Up program. Get money, and pay it back just as quickly. With MogoZip, you can save up to 50% compared to payday loans—our 2-week term rate is only half the cost of the regulated rate cap. Designed to give MogoMembers with poor credit scores an opportunity to lower their cost of credit and help them get out of debt sooner, MogoZip can be used for unforeseen emergencies or to avoid a bounced cheque and the hefty bank and merchant fees attached to an NSF. MogoMini MogoZip Amount: $100 to $2,500 Term: 12 months Amount: Up to $1,500 Term: 14 to 30 days *Save up to 93% based on comparison of MogoMini $1.53 per $100 for 14 days (AIR 39.9%) to payday loan rate at maximum provincial rate cap of $21/$100 in Ontario and save up to 50% based on comparison of MogoZip at $10.50 per $100 for 14 days to payday loan rate at maximum provincial cap of $21/$100 in Ontario. THE SOLUTION
  • 6. 6/11 MOGO PRESS KIT Level Up Mogo’s signature socially responsible debt-relief program, Level Up, automatically lowers interest rates for MogoMembers with positive payment histories. Included in all our loans, Level Up gives MogoMembers with less-than- perfect credit a path to continually lower the cost of their loan, even if their credit score remains unchanged. 66% of MogoMembers have been Levelled Up to achieve either a larger loan amount or a lower interest rate than the one they started with. Through this very successful program, Mogo hopes to continue helping Canadians across the country escape the vicious cycle of payday loans and revolving credit card debt. Starting at 16.9%? Get to 12.9% in 12 months. OF CURRENT CUSTOMERS HAVE LEVELLED UP 66% LevelUPto betterrates Levelled Up after 12 months in good standing Levelled Up after 4 loans with no defaults THE SOLUTION
  • 7. 7/11 MOGO PRESS KIT Free credit score 100-Day Money-Back Guarantee No prepayment fees It pays to be informed. We’re happy if you’re happy. Go on, pay it off early. 56% of Canadians have never checked their credit score*. Smart borrowers (or people who are just smart with money in general) check their credit score at least once a year to make sure they’re getting the best rates possible, to protect themselves against identity theft—and if you’re making a get-out-of-debt plan, wouldn’t it be nice to know where you’re starting at? That’s why when you get a loan with Mogo, we pay for and give you your Equifax credit score, free of charge. Relationships take time. We totally understand. That’s why we’re giving you 100 days to make sure that you’re 100% satisfied—wait no, happy—with Mogo. If not, we’ll gladly give you your fees back. Late fees, totally understandable. But being penalized for paying off a loan early? That’s bonkers, and we don’t believe in that. That’s why we won’t charge you any prepayment fees—just a high five, maybe. THE SOLUTION Every Mogo loan comes with: *http://business.financialpost.com/personal-finance/more-than-half-of-canadians-have-never-checked-their-creditscore-bmo-report-says With calendars that are bursting with dinners, appointments, and deadlines, it’s hard to keep track of what is due and what needs to be done. Even if we get penalized by hefty fees for being late with, say, a payment. Mogo understands, which is why it offers Smart Alerts to remind customers of upcoming payments. It’s human to forget and divine to remind, right? Something like that... Smart Alerts Because knowing is half the battle.
  • 8. 8/11 MOGO PRESS KIT MogoCard All the benefits of a debit card and a credit card without the fees or interest. Mogo will be launching our next generation MogoCard later this year. Canada’s only free Prepaid Visa Card with no monthly fee and multiple designs, MogoCard offers the financial control of a debit card, without the usual banking fees, and the purchasing convenience of a credit card without the interest. Enabled with state-of-the-art Paywave and Chip-and-PIN technology, MogoCard holders will be able to choose from a selection of exclusive designs created by a growing roster of internationally acclaimed artists. “Easy for me to load, no fee and easy to sign up.” @mrcavaliere THE SOLUTION
  • 9. 9/11 MOGO PRESS KIT #MogoPerks MogoMembers receive exclusive access to street-level giveaways, online contests, tickets to high-profile events, as well as priority VIP access to Mogo events across the country. Our signature cross-Canada #MogoPerks parties, including the Mogo Presents: Adulting 101 Road Show, mixes financial literacy with other life skills you need to know, such as wine tasting, how to dress for any occasion and how to perfect your golf swing — all taught by experts in their field. #MogoPerks - Toronto Party #MogoPerks - Italian Day Pizza Giveaway #MogoPerks - Adulting 101 “Got Sunday-schooled by Mogo as part of their financial education series! Big thanks for the session!” @workinggirlinc THE SOLUTION
  • 10. 10/11 MOGO PRESS KIT Chantel Chapman is an entrepreneur, educator and Mogo’s Financial Fitness Coach. With over a decade’s experience as a mortgage broker, Miss Chapman recognized a need for financial education with many of her first-time homebuyers. She began creating custom content to help guide them. Volunteering as a Junior Achievement teacher, she then developed a “smart money” program to help youth and young adults make healthy fiscal choices, eventually teaching at-risk youth charities such as Covenant House and The Boys Club Network. Miss Chapman is also the founder of Holler For Your Dollar, a consulting firm that jump-starts anyone who’s ready to dive into the world of Adulting or entrepreneurship. Her role at Mogo puts her skills to use creating and teaching digestible, yet educational financial literacy content geared to millennials and daring entrepreneurs. Chantel Chapman Get smart financial content from our Financial Fitness Coach. Mogo Blog Who says finance can’t be both practical and fun? THE SOLUTION
  • 11. 11/11 MOGO PRESS KIT David Feller founded Mogo in 2003 and currently serves as the Company’s Chief Executive Officer and as a member of our Board of Directors. Mr. Feller is a pioneer in online lending and a passionate advocate of helping all consumers improve their financial health regardless of their financial position. Mr. Feller is a former member of the Young Entrepreneurs Organization (YEO) of Canada and is a graduate of the University of Western Ontario with a Bachelor of Arts degree. Mr. Feller’s experience leading the business over the past 12 years, along with his responsibilities for the strategic direction, product innovation and management of Mogo’s day-to-day operations, bring broad industry and specific institutional knowledge and experience to the Board of Directors. Gregory Feller is a co-founder of Mogo and has served as the Company’s Chief Financial Officer since August 2011, and has served as a member of our Board of Directors and President of the Company since April 2015. Prior to his appointment, Mr. Feller was a Managing Director and Co-Head of the Technology Investment Banking Group at Citadel Securities, a financial services group. From 2008 to 2010, Mr. Feller was a Managing Director at UBS Investment Bank, a global financial institution. Prior to joining UBS, Mr. Feller was a Managing Director with Lehman Brothers from 2001 to 2008 and a Vice President at Goldman Sachs & Co. from 1998 to 2000. Mr. Feller has a Bachelor of Administrative and Commercial Studies from the University of Western Ontario and a Masters of Management from the Kellogg School of Management at Northwestern University, where he graduated Beta Gamma Sigma. David Feller Founder, Chief Executive Officer and Director Greg Feller President, Chief Financial Officer and Director Zinc Strategies For all media inquiries, please contact: Marci Hotsenpiller +1 (250) 650 6524 marci@zincpr.com WHO IS MOGO

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