[VANCOUVER, British Columbia] – Mogo Inc., a Vancouver-based digital finance company, announced on Feb. 28, 2025, a significant extension of its $60 million credit facility with Fortress Investment Group, as detailed on Business Wire Business Wire. This three-year renewal, effective immediately, replaces the prior agreement set to mature in 2026, providing Mogo with enhanced financial stability and flexibility to pursue its growth initiatives through 2028. The facility, originally established to support Mogo’s innovative lending and payment solutions, underscores Fortress Investment Group’s continued confidence in the company’s trajectory within the competitive fintech sector. This extension positions Mogo to deepen its market penetration in digital financial services, leveraging its technology-driven platform to meet rising demand in the middle market. Read the full release here.
Forward for Specialty Finance
Mogo Extends $60M Credit Facility with Fortress Investment Group
Mogo has extended its $60 million credit facility with Fortress Investment Group for three years, enhancing financial flexibility for its digital finance platform as of Feb. 28, 2025.
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