What is KOHO?
KOHO is a Canadian FinTech company that provides an innovative alternative to traditional banking services. Operating from Toronto, Ontario, the company offers an integrated mobile application paired with a reloadable Visa card. This platform empowers users with real-time financial insights, instant cashback rewards, automated savings features, and round-up functionalities. Founded in 2014, KOHO aims to enhance the financial well-being of Canadians by offering a modern, user-friendly banking experience.
How much funding has KOHO raised?
KOHO has raised a total of $470.6M across 7 funding rounds:
Angel/Seed
$1M
Series A
$8M
Series B
$50.8M
Series C
$55.8M
Series D
$165M
Debt
$150M
Private Equity
$40M
Angel/Seed (2015): $1M with participation from Ferst Capital Partners and Stanley Park Ventures
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 Portag3 Ventures, TTV Capital, and Drive Capital
Series D (2022): $165M backed by Drive Capital, Eldridge, and TTV Capital
Private Equity (2024): $40M with participation from BDC, TTV Capital, Rockefeller Capital Management, PROPELR Growth, and Drive Capital
Debt (2024): $150M, investors not publicly disclosed
Key Investors in KOHO
BDC
BDC Business Development Bank of Canada is a financial institution providing a wide range of financial and consulting services to small businesses, with a concentration on technology and exporting.
TTV Capital
TTV Capital invests in fintech businesses that serve the financial services sector and consumers, leveraging extensive industry operating expertise to create value for entrepreneurs and investors.
Rockefeller Capital Management
Rockefeller Capital Management is an independent financial services firm offering wealth management, asset management, and investment banking, rooted in a legacy spanning over a century.
What's next for KOHO?
The recent major strategic investment and substantial enterprise-level funding indicate that KOHO is poised for significant scaling and market penetration. This capital infusion will likely fuel product development, enhance user acquisition strategies, and potentially expand its service offerings. The company's focus on providing a comprehensive digital banking alternative positions it for continued growth within the competitive FinTech sector, leveraging its established user base and innovative platform to drive future success.
See full KOHO company page
