Mogo (TSX: MOGO) is Vancouver's 22-year-old fintech with 2M+ users. They offer 5 products under one roof: loans, prepaid card, free Equifax score, crypto, and mortgage referrals. The free Equifax score is genuinely useful. The loans require careful reading.
Personal loans · $200-$35,000 · 9.9-47.42% APR
Prepaid Visa · 1.5% Bitcoin OR 0.5% cashback
Free Equifax credit score · monthly updates
Buy/sell BTC, ETH · in-app trading
Referral marketplace · 3rd-party brokers
One of the few free Equifax options in Canada. Borrowell only gives TransUnion · use Mogo to see the other half.
MogoCard 1.5% in Bitcoin is the only Canadian prepaid card with crypto cashback. Niche but interesting.
Rates up to 47.42% APR for higher-risk borrowers. Shop around · easier-approval doesn't mean better terms.
Wealthsimple Crypto and Newton have better rates + selection. MogoCrypto exists but isn't competitive.
The "from 9.9%" marketing rate is reserved for ~top 10% of approved applicants. Most users see 24-35%. Compare to: bank LOC (prime + 2% = ~8%), credit card (20%), payday loan (450%+).
The Equifax monthly score is the standout feature. Borrowell shows TransUnion; Mogo shows Equifax. Use BOTH for full credit visibility. For loans, shop bank LOCs first (10× cheaper). Crypto: use WS Trade or Newton instead.