M&A Deal Summary

Mogo Acquires Fortification Capital

On September 1, 2021, Mogo acquired business services company Fortification Capital

Acquisition Highlights
  • This is Mogo’s 1st transaction in the Business Services sector.
  • This is Mogo’s 4th transaction in Canada.
  • This is Mogo’s 2nd transaction in Quebec.

M&A Deal Summary

Date 2021-09-01
Target Fortification Capital
Sector Business Services
Buyer(s) Mogo
Deal Type Add-on Acquisition

Target

Fortification Capital

Montreal, Quebec, Canada
website
Fortification Capital is a Canadian registered investment dealer and a member of IIROC. Fortification Capital is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Mogo

Vancouver, British Columbia, Canada

website


Category Company
Founded 2003
Sector Internet Software and Services
Employees344
Revenue 58M CAD (2021)
DESCRIPTION

Mogo is a financial technology company offers financial health app that empowers consumers with solutions to help them manage and control finances. Users can sign up for a free MogoAccount in only three minutes and get access to six products including free credit score monitoring. Mogo was founded in 2003 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 4 of 4
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Quebec) 2 of 2
Country (Canada) 4 of 4
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Moka

Montreal, Quebec, Canada

Moka is a personal finance management solution that helps you achieve your financial goals. The Moka app automatically rounds up your everyday purchases and invests the spare change, which makes it possible for everyone to start investing with no minimum investment, lifestyle change or financial knowledge required. Moka was founded in 2017 and is based in Montreal, Quebec.

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