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Canadian fintech forms venture firm to manage its investments

The fintech holds legacy stakes in firms including Hootsuite, Blue Ant Media and Alida, and will seek to monetize these investments.

The firm’s holdings include an investment portfolio of $18.1 million, digital assets worth $1.7 million, and $103.8 million in Coinsquare as of December 31, 2021. Its portfolio does not include warrants held on Coinsquare.

“Over the past several years Mogo has been able to leverage its leadership position in the Canadian fintech industry to make attractive strategic investments in several major and emerging players in the broader crypto, web3 and gaming ecosystems, and today’s announcement comes at a significant price.” highlights that these investments now represent for Mogo shareholders,” said Greg Feller, President and CFO. “As we continue to build Canada’s leading fintech and payments platform, we will continue to explore ways to participate in value creation opportunities with our partners that drive incremental shareholder value.”

seasoned investor

Its new Mogo Ventures team will be led by veteran investor and trader Michael Wackerle.

His resume includes co-founder and vice president of sales and business operations at Griffiths McBurney & Partners and institutional trading at GMP Securities.

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