Press Release

Mogo to Give Away Bitcoins to Celebrate Upcoming Launch of the MogoCrypto Account

Company launching first contest of its kind giving Canadians a chance to win a bitcoin each month for the next four months

Vancouver, British Columbia, December 21, 2017 – Mogo Finance Technology Inc. (TSX: MOGO; OTCQX: MOGOF) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies and a provider of innovative financial products to consumers, today announced that it has kicked off a contest to give away four bitcoins to existing and new MogoMembers. The contest celebrates the upcoming launch of MogoCrypto, a new product that will bring a new level of convenience and trust to buying and selling bitcoin for all Canadians.

Beginning with the first giveaway on December 31, 2017, Mogo will randomly select one MogoMember at the end of each month over the next four months to receive a free bitcoin, which as of December 21, 2017 at 12:30 pm PST had a value of approximately $19,700 CAD1. To become a MogoMember, users can simply open an account for free in minutes through the Mogo app or through their desktop. Additional contest details are available at www.mogo.ca/mogo-crypto and the Official Rules & Regulations are available at www.mogo.ca/pdfs/MogoBitcoinContestTermsAndConditions.pdf.

“Bitcoin is one of the most exciting new innovations in our lifetime and to celebrate the upcoming launch of our MogoCrypto account, we’re giving Canadians a chance to win one,” said David Feller, Founder and CEO of Mogo. “In addition, beginning in Q1 2018, we will offer members the ability to easily buy and sell bitcoin through their MogoAccount. We’ve seen the challenges in the marketplace today – there are a few options for buying and selling bitcoin and some providers have recently stopped accepting new accounts due to overwhelming demand. We also believe that for the average Canadian, buying bitcoin today can be complicated, intimidating and costly, but it shouldn’t be that difficult. We’re creating a simple and trusted way for Canadians to add it to their financial holdings, leveraging our technology platform to provide a great user experience just as we have for other financial products.”

About Mogo

Mogo (TSX: MOGO; OTCQX: MOGOF) — a Vancouver-based financial technology company— is focused on building the best digital financial services experience for the next generation of Canadians. Mogo's platform currently delivers five innovative products designed to help consumers get in control of their financial health. Built mobile first, users can sign up for a free MogoAccount in only three minutes and get access to free credit score monitoring, identity fraud protection, the Mogo Platinum Prepaid Visa® Card, mortgages and personal loans. The platform was engineered to deliver multiple financial products at scale and enable the launch of additional new innovative products, including the Company’s recently announced MogoCrypto account which is expected to launch early in 2018. With more than 500,000 members and growing, Mogo continues to execute on its vision of becoming the financial brand for the next generation of Canadians. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the launch of MogoCrypto. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo's growth and its ability to expand into new products and markets are subject to a number of conditions, many of which are outside of Mogo's control. For a description of the risks associated with Mogo's business please refer to the "Risk Factors" section of Mogo's annual information form dated March 7, 2017, which is available at www.sedar.com. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

For further information:

Craig Armitage
Investor Relations
craiga@mogo.ca
(416) 347-8954

1 Quoted market value on QuadrigaCX as of December 21, 2017 at 12:30 pm PST.