Mogo Inc. (NASDAQ:MOGO), a digital payments and financial technology company, today announced that Allan Smith, a recent addition to Mogo’s executive team, has been appointed Head of Carta Worldwide, Mogo’s digital payments subsidiary.

Carta, which was acquired by Mogo in January 2021, powers the next-generation card programs from innovative fintech companies in Europe, North America and APAC. This strategic acquisition has provided a number of significant benefits to Mogo, including greatly expanding its total addressable market by entering the global payments market which is expected to reach $2.5 trillion by 2023.

Mr Smith joined Mogo in early 2022, bringing 15 years of global leadership experience in progressively demanding roles in Fortune 50 as well as hyper-growth SaaS and fintech companies. Most recently, Mr Smith served as Senior Director for fintech leader SoFi (NASDAQ:SOFI), where he led the people function across SoFi International and its subsidiary Galileo, a leading digital payments platform which was acquired by SoFi in 2020. Previously, he held multiple leadership roles with Amazon (NASDAQ:AMZN) over a 7-year period of rapid growth. .

“Carta has a solid foundation – including blue-chip customers and a flexible, modern technology platform – upon which to expand and take advantage of the rapidly growing global market for next-gen payments programs,” said Allan Smith. “I see many parallels between Carta’s current stage of development and what I experienced prior to joining Mogo, and I’m excited to help the company navigate through the next phase of growth and the tremendous opportunities that lie ahead.”