Mogo
Prepaid + custodial bitcoin rewards.
- Who holds it
- A licensed crypto-asset custodian holds the assets on your behalf — Cards issued by Peoples Trust Company; MogoTrade is a CIRO-regulated broker (Canada).
- The ledger
- The custodian’s books, reconciled against on-chain balances.
- If it fails
- Recovery hinges on the custodian’s solvency and how cleanly client assets are segregated.
Derived from Mogo’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid |
| HQ | Vancouver, CA |
| Founded | 2003 |
| Custody | Custodial |
| Regulation type | VASP / MSB / crypto licenses |
| License detail | Cards issued by Peoples Trust Company; MogoTrade is a CIRO-regulated broker (Canada) |
| Card | Visa · Prepaid |
| Cashback | BTC cashback |
| Stablecoins | No |
| KYC | Yes |
| Active regions | North America |
| Founders | David Feller, Greg Feller |
| Funding | Public (MOGO) |
Verified links: official site ↗
Common questions about Mogo
What is Mogo?
Mogo is a fiat-and-crypto neobank, headquartered in Vancouver, CA and founded in 2003. Your money is held custodially, so Mogo or its partner bank holds the balance and you hold a claim on it. It holds VASP / MSB / crypto licenses (Cards issued by Peoples Trust Company; MogoTrade is a CIRO-regulated broker (Canada)).
Does Mogo have a card, and where can you use it?
It issues a Visa prepaid card. It is available in North America.
Does Mogo require KYC?
Yes. Mogo requires identity verification (KYC) to open an account, as a vasp / msb / crypto licenses.
What does Mogo cost?
From the verified fields: cashback BTC cashback. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Mogo before relying on them.
Peers
Revolut · Cash App · Venmo · Robinhood · Crypto.com · Coinbase Card
Mogo appears in
Neobanks operating under crypto and money-transmitter licenses (25) · Neobanks available in North America (126) · Neobanks that issue a Visa card (182) · Neobanks in Canada (6)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.