BRIEF-Mogo Finance Technology qtrly member base increases 81% year/year to 225,000

Wed Aug 10, 2016 4:45pm EDT
 
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Aug 10 (Reuters) - Mogo Finance Technology Inc

* Mogo announces second quarter 2016 financial results

* Mogo Finance Technology Inc says David Feller, founder, CEO and director, will succeed Peter Brown in role of chair of board

* Says Brown will remain a director of Mogo and a member of audit committee

* Qtrly member base increases 81% year/year to 225,000

* Q2 revenue rose 23 percent to C$12.7 million

* Says David Feller, founder, CEO and director, will succeed Peter Brown in role of chair of board

* Net loss in q2 of 2016 was $4.6 million, improved by $1.0 million sequentially

* Adjusted net loss of $4.2 million in Q2 of 2016, a 5% sequential improvement Source text for Eikon: Further company coverage: