MOGO IFN

Based in Romania, MOGO IFN provides auto financing solutions to individuals, enabling them to purchase both new and used vehicles through accessible loans tailored to meet their financial capabilities. MOGO IFN is a Romanian financing company specializing in auto loans. Established in Bucharest in 2016, the firm has conducted one deal as of January 2024, indicating its focused approach to the auto financing niche. The CEO, Ionut Badiu, has experience in the financial sector, contributing to the company's strategic direction and operations.

MOGO IFN specializes in auto financing solutions for new and used vehicles, primarily targeting Romanian citizens. The company offers personal auto loans, enabling customers to purchase vehicles without resorting to traditional bank credit. MOGO provides financing options for over 3,000 pre-owned cars available from trusted dealerships. Its services are aimed at facilitating vehicle ownership for individuals who might not qualify for conventional credit options, thereby simplifying the financing process and addressing diverse customer needs.

In 2022, MOGO IFN reported a revenue of EUR 2,766,250. 80 and an EBITDA of EUR 1,925,647. 80, generated through its auto loan services structured around direct-to-consumer financing transactions. The company's financing plans allow customers to select monthly payment options based on their needs, creating a straightforward payment process that supports vehicle acquisition.

MOGO IFN is focused on expanding its operations within Romania, facilitated by a EUR 10 million credit facility provided by ACP Credit in January 2024. This financing will support the company's growth strategies, which include enhancing its product offerings and potentially expanding into new markets within Romania to reach a broader customer base.