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Overview

Difference Capital Financial Inc. Completes $110 Million Acquisition of Mogo Finance Technology Inc.

June 21, 2019

Difference Capital Financial Inc. (TSX: DCF) today announced that it has completed the acquisition all of the issued and outstanding shares of Mogo Finance Technology Inc. (TSX:MOGO). The transaction was carried out by way of a plan of arrangement and was valued at approximately $110 million.

The combined entity will operate as a finance technology company operating a financial health platform that empowers consumers with simple solutions to help them manage and control their finances, and provides users access to free credit score monitoring, identity fraud protection, a digital spending account, a digital mortgage experience, and the MogoCrypto account, which enables the buying and selling of bitcoin. The company will also hold a portfolio of investments that includes some of the premier private technology companies in Canada.

Wildeboer Dellelce LLP acted for Difference Capital with a team that included Perry Dellelce, Rob Wortzman, Michael Rennie and Joel Fraser (corporate/securities).