back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Mogo introduces bitcoin cashback rewards to mortgage

By Pavithra R

March 30, 2021

  •  Mogo
  • America
Share

Mogo introduces bitcoin cashback rewards to mortgageMogo, a FinTech company, offering customers solutions to manage and control their finances through its mobile app, has announced extending its bitcoin cashback rewards program which currently applies to the Mogo Visa platinum prepaid card and digital spending account to include MogoMortgage.

Under the program, Mogo members who take out a new mortgage or refinance can earn up to $3,100 cashback deposited in their Bitcoin and Rewards account.

“Our bitcoin rewards program is all about giving our members more ways to accumulate bitcoin. It’s clear that we’re still in the beginning stages of seeing consumers add bitcoin to their financial portfolios, just as we’re seeing corporations add it to their balance sheets. Given the volatility and speculative nature of bitcoin, there’s an increasing number of Canadians who are looking for ways to participate without risking their own money, and our bitcoin rewards program meets this demand. As an independent mortgage brokerage, our goal has always been to help members get the best rate and the right mortgage, and now our new bitcoin rewards program will reward them with up to $3,100 in bitcoin,” said David Feller, Mogo’s Founder and CEO.

Members can apply through the free Mogo app at any time. The firm, as a mortgage brokerage works with some of the leading lenders in Canada to list together a lineup of the best mortgage products and rates. This means that Mogo’s professionals can provide personalized advice based on the individuals’ needs, rather than the needs of their bank.

“Unlike traditional reward programs, bitcoin rewards have the unique characteristic of being an asset class that can rise in value over time – $3,100 invested in bitcoin 5 years ago would be worth over $350,000 today,” continued David Feller.

Founded in 2003, Mogo is a digital challenger to the banks in Canada, empowering consumers with simple solutions to help them manage and control their finances. Recently, the firm entered the Canadian wealth management industry with acquisition of Moka.

Previous Article

March 30, 2021

Commerzbank and Google Cloud announce five-year collaboration

Read More
Next Article

March 30, 2021

UAE FinTech NOW Money raises $7m for digital expansion

Read More










IBSi Daily News Analysis

The Weekly Wrap

September 30, 2022

 Mogo

The Weekly Wrap: all you need to know by Friday COB | Sept 30th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

BNY Mellon adds new ESG ratings to Securities Lending

Read More

September 29, 2022

Billings Federal Credit Union selects Scienaptic’s AI-powered platform to enhance credit decisioning

Read More

September 29, 2022

Quaint Oak Bank and Teslar partner to digitise all aspects of commercial lending

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022