Canadian Fintech Mogo Partners With LendingClub Bank For Carta Expansion
April 9, 2021 @ 9:40 am By Samantha Hurst
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly-owned payments platform,
Carta Worldwide, is extending its U.S. market deployment with an expanded debit card issuance service offering for challenger banks. Carta has reportedly partnered with LendingClub Bank, National Association to power its new advanced debit card product offering and help businesses rapidly deploy next-generation digital banking solutions.
The expansion comes less than two months after Mogo announced Carta’s expansion in the U.S. As previously reported, Carta is described as a modern open-API issuer platform powers solutions for banks and fintech companies across Europe, North America, and the Asia Pacific.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Mogo Expands into U.S. Digital Payments Market through Subsidiary, Carta Worldwide
February 18, 2021 GMT
VANCOUVER, British Columbia (BUSINESS WIRE) Feb 18, 2021
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced that its wholly owned subsidiary, Carta Worldwide (“Carta”), a modern card issuing platform, is expanding into the U.S. – the world’s largest payments market. Carta will begin deploying innovative card products for its initial group of clients in Q1 2021 and expects to further expand its customer base of banks and fintech companies in the coming quarters.
Mogo’s Subsidiary Carta Expands Into the U.S.
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a Canada-based digital payments and financial technology company, announced on Thursday its wholly owned subsidiary, Carta Worldwide, a modern card issuing platform, is expanding into the U.S.
As previously reported, Carta is described as a modern open-API issuer platform powers solutions for banks and fintech companies across Europe, North America, and the Asia Pacific.
“Carta enables the issuance of virtual and physical card solutions to support innovative solutions for businesses and platforms that are looking to deploy payment products and embedded financial services.”
Speaking about Carta’s U.S. plans, Greg Feller, President of Mogo, stated: