Mogo Inc. Acquires Canadian Investment Dealer Fortification Capital Inc. (to be Renamed MogoTrade)
September 1, 2021
Mogo Inc. completed the acquisition of Canadian registered investment dealer Fortification Capital Inc., which will be renamed MogoTrade. The deal gives Mogo the necessary regulatory licenses, registrations and technology (including an order management system and market data processing) to accelerate the launch of its commission-free stock trading platform.
- Buyers
- Mogo Inc.
- Targets
- Fortification Capital Inc.
- Sellers
- Vendor (sole shareholder of Fortification Capital Inc.)
- Industry
- Financial Services
- Location
- Canada
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Mogo Inc. Acquires Carta Worldwide
November 19, 2020
Payments & Fintech
Mogo Inc. (TSX: MOGO; NASDAQ: MOGO) agreed to acquire Carta Solutions Holding Corporation (doing business as Carta Worldwide) in an all‑stock plan of arrangement to expand into the global B2B digital payments market. The acquisition — reported at about C$24.2 million — gives Mogo a payments technology platform and broadens its addressable market into global digital payments.
-
Motive Capital Corp Completes Business Combination with Forge Global (Forge Global Holdings, Inc.)
March 22, 2022
Financial Services
Motive Capital Corp, a SPAC sponsored by Motive Partners, completed a business combination with Forge Global, taking the private securities marketplace public under the new name Forge Global Holdings, Inc. The transaction closed March 21, 2022 (shares began trading March 22, 2022) and provided Forge with roughly $215.6 million of gross proceeds to fund growth, accelerate its technology platform and expand its marketplace and data services.
-
FTX Trading Limited Acquires Bitvo, Inc.
June 17, 2022
Financial Services
FTX Trading Limited announced an agreement to acquire Calgary-based Bitvo, Inc., a Canadian crypto-asset trading platform registered as a restricted dealer and with FINTRAC. The deal (subject to regulatory approval and customary closing conditions) is intended to support FTX's regulated expansion into the Canadian market and integrate Bitvo into FTX's global team serving Canadian customers.
-
Novacap Takes Significant Equity Stake in Cofomo
June 1, 2021
IT Services
Novacap has acquired a significant equity interest in Cofomo to accelerate the IT consultancy's growth and strengthen its market leadership across Canada. The partnership will support Cofomo's expansion of digital transformation, cloud, security and talent-delivery capabilities while leaving the existing management team and operations in place.
-
Financial Gravity Acquires Forta Financial Group
May 21, 2020
Financial Services
Financial Gravity Companies, Inc. (OTCQB: FGCO) received FINRA approval to acquire Forta Financial Group, Inc., a dually registered broker‑dealer and registered investment advisor headquartered in Greenwood Village, Colorado. The acquisition gives Financial Gravity broker‑dealer and RIA capabilities to support advisor practice management, marketing/leads, and financial innovation as it pursues expansion under its public parent structure.
-
Komgo Acquires GlobalTrade Corporation (GTC)
December 1, 2022
Payments & Fintech
Swiss-headquartered Komgo has acquired GlobalTrade Corporation (GTC), combining their trade finance digitization platforms to create a larger, global offering for corporates and banks. The combined business will offer broader coverage and complementary capabilities across the full range of trade finance instruments and workflows.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.