Mogo Inc. 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 entrepreneurs and achieving financial freedom. 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. The app also allows for fractional investing; Moka users can easily customize the amount they want to contribute.

Artificial intelligence (AI): The company believe AI will reshape the investing landscape, and the new Moka.ai app has been built with this future in mind. The roadmap for the app includes new applications of AI that are expected to enhance the user experience and help people better achieve their investment objectives. Canadians can open a Moka.ai account by downloading the app:App Store and Google Play.

This projection is based on the Moka Equity Growth investment model, which is 100% invested in the S&P 500. It assumes a 10% rate of annual return, based on the S&P 500's average return since its inception over the past 65 years, with dividends reinvested.