0000000000-20-007766.txt : 20201019 0000000000-20-007766.hdr.sgml : 20201019 20200820210618 ACCESSION NUMBER: 0000000000-20-007766 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200820 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Mogo Inc. CENTRAL INDEX KEY: 0001602842 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 2100-401 WEST GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6B 5A1 BUSINESS PHONE: 604-659-4380 MAIL ADDRESS: STREET 1: 2100-401 WEST GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6B 5A1 FORMER COMPANY: FORMER CONFORMED NAME: Mogo Finance Technology Inc. DATE OF NAME CHANGE: 20140317 FORMER COMPANY: FORMER CONFORMED NAME: Mogo Finance Technology, Inc. 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MB8&3@0E$,(,(%L:40Q Q5A#!P%@D"B2R7D+$&!D+0=H*;1E X/]_ !=A"*T* M96YD'0M-2XT+C4* TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo August 20, 2020 Gregory Feller President & Chief Financial Officer Mogo Inc. 2100-401 West Georgia St. Vancouver, BC V6B 5A1 Re: Mogo Inc. Form 20-F for the Fiscal Year Ended December 31, 2019 Filed May 28, 2020 File No. 001-38409 Dear Mr. Feller: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 20-F for the Fiscal Year Ended December 31, 2019 Item 4: Information on the Company B. Business Overview The 4 Habits of Financial Health 4. Save and Invest Wisely, page 30 1. We note your disclosures regarding MogoCrypto. To provide more clarity regarding this business and its impact on your operations for the periods presented, please address the items below. Discuss how the company facilitates the buying and selling of Bitcoin for its members. Identify who stores members bitcoins (i.e., Mogo or a third party) as well as the name of any custodian(s). Indicate whether the company owns any bitcoin or holds it for any other businesses. Gregory Feller Mogo Inc. August 20, 2020 Page 2 Discuss business metrics such as trading volumes, bitcoin asset levels, and any other pertinent matters relating to this business line. Discuss the materiality of this business line to your operations. Tell us whether you currently hold or facilitate (or plan to engage in) buying or selling of cryptocurrencies other than bitcoin and, if so, provide additional detail about these activities. Item 18: Financial Statements Notes to the Consolidated Financial Statements 17. Revenue, page F-31 2. We note your revenue disclosures in Note 3a and in Note 17. Subscription and services revenue appears to include revenue streams from numerous product lines. Please address the items below. See IFRS 15.110-111 and IFRS 15.114. Tell us how you concluded that no further disaggregation was necessary under IFRS 15. To the extent that any individual components of Subscription and services revenue are material, they should be separately discussed and quantified so that users can better understand the nature of your revenue flows. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Cara Lubit at (202) 551-5909 or Marc Thomas at (202) 551-3452 with any questions. FirstName LastNameGregory Feller Sincerely, Comapany NameMogo Inc. Division of Corporation Finance August 20, 2020 Page 2 Office of Finance FirstName LastName