Mogo Inc. announced that it has selected Oracle Cloud Infrastructure ("OCI") to accelerate innovation and support the long-term growth of the Company's digital wealth platform. Mogo is empowering its more than 2 million members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo's digital wealth platform includes MogoTrade, which offers Canadians a simple and low-cost way to invest, and Moka, which brings automated, fully-managed, flat-fee investing to Canadians.

As Mogo pursues growth in its core markets while competing as a low-cost provider, the Company is highly focused on operational efficiency and profitability. Migrating to OCI will help Mogo modernize its infrastructure while reducing costs, and Mogo will also be better equipped to build and deploy new products and enhance its platform, including leveraging new applications of AI.