Globe & Mail 08:37 AM EDT, 04/08/2021 (MT Newswires) -- Mogo Inc. (MOGO.TO), a digital payments and financial technology company, was at last look up more than 2% in US pre-market after saying Thursday that its wholly owned payments platform, Carta Worldwide, a modern card issuing platform, is extending their US market deployment. The company has partnered with LendingClub Bank, the first digital marketplace bank in the U.S. to provide a full complement of accounts and services to meet the banking needs of consumers and businesses nationwide. It has assets of approximately $2.3 billion.
"LendingClub Bank is widely recognized as an innovator and fintech pioneer, and they have a broad and growing base of business customers across the U.S., which make them a great first partner as we expand into the U.S. market," said Greg Feller, President of Mogo.
Carta enables fintech and banking organizations to quickly create and deploy virtual and physical card products backed by best in class issuing and processing capabilities. It brings into the U.S. a fintech debit card offering that has driven innovative banking products in over 40 countries around the globe.
Price: 12.28, Change: +0.12, Percent Change: +0.99