What is KOHO?
KOHO is a Canadian FinTech company founded in 2014 and headquartered in Toronto, Ontario. It offers an alternative to traditional banking through an integrated app and a reloadable Visa card. Users benefit from real-time financial insights, instant cashback, automated savings features, and round-up functionalities. The company aims to provide Canadians with enhanced control and visibility over their finances, positioning itself as a key player in the digital transformation of personal banking services.
How much funding has KOHO raised?
KOHO has raised a total of $563.3M across 8 funding rounds:
Angel/Seed
$1M
Series A
$8M
Series B
$50.8M
Series C
$55.8M
Series D
$165M
Debt
$150M
Private Equity
$40M
Series E
$92.7M
Angel/Seed (2015): $1M with participation from Stanley Park Ventures and Ferst Capital Partners
Series A (2017): $8M led by Portage Ventures
Series B (2019): $50.8M supported by Portag3 Ventures, Drive Capital, and NAventures
Series C (2021): $55.8M featuring Drive Capital, Portag3 Ventures, and TTV Capital
Series D (2022): $165M backed by TTV Capital, Eldridge, and Drive Capital
Private Equity (2024): $40M with participation from Drive Capital, BDC, TTV Capital, Rockefeller Capital Management, and PROPELR Growth
Debt (2024): $150M, investors not publicly disclosed
Series E (2026): $92.7M supported by HOOPP, BDC, Savano Capital Partners, Drive Capital, Mubadala, and Portage Ventures
Key Investors in KOHO
Drive Capital
Drive Capital is a venture capital firm based in Columbus that invests in exceptional founders creating the next generation of market-defining companies. The firm focuses on providing capital and support to entrepreneurs across various industries, emphasizing partnerships that drive growth from idea to IPO.
Portage Ventures
Portag3 Ventures, founded in 2016 and headquartered in Toronto, Ontario, is an early-stage investor dedicated to backing the next generation of innovative, global financial services companies working to benefit all consumers.
TTV Capital
TTV Capital invests in fintech businesses that serve the widely varying needs of the financial services sector and the consumers of financial products. The company's team of experienced technology and financial services professionals has more than 100 years of venture capital and highly relevant industry operating expertise acquired across three decades and multiple economic cycles.
What's next for KOHO?
With its recent major strategic investment and a robust history of capital raises, KOHO is poised for accelerated growth. The company's focus on providing a comprehensive digital banking experience, coupled with ongoing innovation in financial tools, suggests a strategic push towards expanding its user base and service offerings. This latest backing will likely support market penetration, technological advancements, and potential new product launches, solidifying KOHO's competitive edge in the FinTech sector. The company's trajectory indicates a strong potential for further scaling and market leadership.
See full KOHO company page
