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With over 1.6 million users and $1 billion in client AUC, WonderFi is one of the largest crypto exchange platforms in Canada
Mogo holds ~87 million shares in TSX listed WonderFi
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), one of Canada's leading financial technology companies, today announced that its portfolio company, WonderFi Technologies Inc. ("WonderFi") (TSX:WNDR), provided a corporate update and Q4 2023 guidance. With 1.6 million users and $1 billion in client AUC, WonderFi is one of the largest crypto exchange platforms in Canada. Mogo is WonderFi's largest shareholder holding ~87 million common shares (~13% ownership interest).
WonderFi owns and operates leading digital asset businesses in Canada. WonderFi is the holding company for two of the largest crypto trading platforms in Canada, Bitbuy and Coinsquare (the only fully regulated crypto exchange in Canada), and SmartPay, a crypto payments processing platform.
Among the Q4 2023 corporate highlights reported by WonderFi:
"We commend the WonderFi team on solid execution following the merger in July 2023," said Greg Feller, President & CFO of Mogo Inc. "As the owner of Canada's only fully regulated crypto exchange, along with its strong balance sheet and meaningful scale, we believe WonderFi is well positioned to benefit from long-term growth trends in the industry and to build value for shareholders over time. With an improving environment for digital assets, we believe Mogo's 13% ownership in Wonderfi provides our shareholders with a unique and meaningful participation in this emerging global asset class."