Mogo Inc. Acquires Carta Worldwide

November 19, 2020

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.

Buyers
Mogo Inc.
Targets
Carta Solutions Holding Corporation (Carta Worldwide)
Sellers
Carta's senior management, Carta's board members, Key outside shareholders
Location
Canada
Transaction Type
Buyout

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