KOHO Closes $210 Million Series D Funding 

KOHO Financial Inc, the rapidly growing Fintech company, announces today that it has closed a C$210 million Series D funding round. This investment was led by Eldridge, a holding company headquartered in Greenwich, Connecticut, with an extensive network of finance. entertainment and technology businesses. Existing investors Drive Capital and TV Capital made renewed commitments, with additional investments from HOOPP, Round13, and BDC. With this capital infusion, KOHO plans to accelerate growth, expand into new product verticals, and increase employee headcount from 250 to 400.

KOHO’s growth reflects the rising consumer demand for alternative ways to manage money. With 53% of Canadians currently living paycheque to paycheque, KOHO is meeting Canada’s need for affordable, customer-centric and intuitive financial products and services. In the last year, the Company launched Instant Pay, Earn Interest, and Credit Building.

KOHO is a Fintech company on a mission to make financial products that are transparent and intuitive. KOHO offers a full-service spending and savings account with no hidden fees that gives cash back on every purchase, and an integrated app that helps users spend smart and save more. KOHO is a Fintech
company, not a bank. KOHO partners with a variety of banks and federally regulated financial institutions to deliver their products.

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