VANCOUVER, April 20, 2017 /CNW/ - Mogo Finance Technology Inc. (TSX: MOGO; OTCQX: MOGOF), one of Canada's leading financial technology companies and a provider of innovative financial products to consumers, today announced that it has surpassed 400,000 Mogo members, an increase of approximately 52,000 from the 348,000 members reported as at December 31, 2016.

"More and more Canadians are adding Mogo to their financial wallets, as they look for simpler and better ways to get in control of their financial health," said David Feller, Founder and CEO of Mogo. "While the major banks continue to increase fees and announce record profits, millions of Canadians are still struggling for financial control. These conditions create a significant market opportunity for Mogo as we continue to focus on offering innovative digital financial products that are more convenient, transparent, and save consumers money. Specifically with our free monthly credit score monitoring, free MogoCard and Spending Account, and personal loans across the full credit spectrum, we are truly offering Canadians a holistic solution to help them get in better control of their financial health in a way that the banks just aren't doing."

About Mogo

Mogo (TSX: MOGO; OTCQX: MOGOF) — a Vancouver-based financial technology company— is focused on building the best digital banking experience in Canada, with innovative products designed to help consumers get in control of their financial health. Built mobile first, users can sign up for a free MogoAccount in only three minutes and get access to free credit score monitoring, a free spending account, mortgages and personal loans. With more than 400,000 members and growing, Mogo is leading the shift to digital banking in Canada and offering consumers real alternatives to the big banks. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).

SOURCE Mogo Finance Technology Inc

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