Breaking News: Former Head of PayPal Canada joins Mogo Finance Technology as an Advisor

Mogo Finance Technology Inc. (OTCQX: MOGOF) (TSX: MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies and a provider of innovative financial products to consumers, today announced that fintech executive Darrell MacMullin has joined Mogo as an Advisor to support the Company’s product expansion efforts, including the upcoming launch of Mogo’s recently announced  cryptocurrency account, and new strategic partnership opportunities.  

MacMullin has driven successful new payment and commerce innovations for the past 15 years, including the launch and leadership of PayPal during its first eight years in Canada. He has worked closely both as an advisor to and investor with entrepreneurs, developers and industry partners to accelerate the growth of new fintech payments and commerce experiences. Prior to PayPal, MacMullin was part of the successful launch and rapid growth of eBay and Chapters Indigo online, helping both of these companies become leading ecommerce players. MacMullin currently serves as an Advisor to Goldmoney Inc. and was previously Chief Operating Officer and Senior Vice President at the company, where he was instrumental in helping commercialize and scale their new product initiatives.

 “Darrell is a highly accomplished executive and a bright mind in our industry, having spent most of his career working with fast-growing fintech and e-commerce companies, including leading PayPal’s entry and rapid expansion in Canada,” said David Feller, Founder and CEO of Mogo. “Mogo’s strategy has many similarities to PayPal’s, and we believe Darrell’s experience and perspective will be highly valuable as we pursue our growth strategy.”  

“The digital transformation of financial services in every segment is accelerating,” said MacMullin.  “The Mogo brand is uniquely positioned with millennials in Canada, and Mogo’s modern, mobile first experience is set up well to be a leading engagement platform to deliver new financial services and tools to Canadians as the Company expands their product offering and grows their member base.  I’ve been very impressed with the caliber, experience and scale potential of Mogo’s fintech team of almost 250.”  

Greg Feller, President & CFO of Mogo, added: “We are excited to have Darrell join the Mogo team as an Advisor given his extensive fintech experience building platform companies.  He will play an important role in working with our team as we consider opportunities to further expand our business through strategic partnerships and acquisitions.”

 

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