KOHO Raised $130 Million and Has Its Sights Set on Canada’s Big Banks

Koho raises $130-million, bolstering its case to become a bank

It’s the latest private Canadian fintech to surpass a $1-billion valuation

KOHO Raised $130 Million and Has Its Sights Set on Canada’s Big Banks

Canadian fintech KOHO has raised $130 million CAD at a $1.33 billion valuation, and the company is using the fresh capital to push forward on its bid for a federal banking licence. The funding round brings in some notable new names. Mubadala, the Abu Dhabi sovereign wealth fund managing over $385 billion USD in assets,

Freshly Funded KOHO Hiring Across Canada as Fintech Moves Toward Bank Status

KOHO is hiring across Canada as the fintech company moves closer to its goal of becoming a federally regulated bank. Today the company announced it has raised $130 million, capital that will support KOHO’s continued push toward a federal banking licence while helping grow its core product suite, including spending and savings accounts, credit-building tools, […] The post Freshly Funded KOHO Hiring Across Canada as Fintech Moves Toward Bank Statu…

UAE’s Mubadala Joins $95 Million USD Funding Round as Canadian Fintech KOHO Advances Banking Licence Plans

Round brings in Mubadala, Savano Capital, Shopify founder Tobi Lütke, and Affirm COO Michael Linford alongside existing investors KOHO, Canada’s leading financial technology company, today announced it has raised $130 million CAD, representing an important step towards the continued pursuit of its federal banking licence. The round includes new investors whose backing reflects both institutional weight and operator credibility. Mubadala, the Abu…

Koho becomes Canada’s latest unicorn following $130-million Series E round

Canadian challenger bank Koho Financial has secured $130 million CAD in Series E financing as the FinTech company continues its quest to obtain a federal banking licence. The all-equity round, which Koho closed in recent weeks and announced on Thursday, provides the initial capital base the company requires to become a federally regulated bank, and cash to invest in continued growth. It comes at a post-money valuation of $1.33 billion, officiall…