Difference Capital invests $4 mln in Mogo Finance Technology
Difference Capital Financial (DCF) has acquired a $4 million senior secured convertible debenture issued by Mogo Finance Technology Inc (TSX: MOGO), a Vancouver online lending platform. The investment, which forms part of a broader $15 million public financing, brings DCF's total holdings in the company to 9 percent of outstanding shares, assuming the conversion of the debenture's principal amount. DCF is a Canadian provider of debt and equity funding. Mogo's loans are primarily funded by credit facilities supplied by affiliates of U.S. private equity firm Fortress Investment Group.
9 June 2017•3 mins read
