KOHO Financial Inc., a leading Canadian fintech company, announced today it successfully raised an additional $86 million in a series D extension at an $800 million valuation. New and existing KOHO investors provided the capital, including Drive Capital, Eldridge Industries, HOOPP, Portage, Round13, BDC, and TTV.
Despite a decline in Canadian fintech investment during the first half of 2023, KOHO shines as an exceptional success story in the industry. Notably, it has sustained a consistently positive valuation since the 2021 funding round.
The company’s overarching success is attributed to the continuous growth of its innovative product range which includes Credit Building, Cover, the ability to check your credit score for free, and an industry-leading 5 percent savings rate. Complementing these products is KOHO’s subscription model, known as KOHO Plans.
Looking ahead to 2024, KOHO is dedicated to enhancing Canadians’ financial well-being through innovative features such as increased credit offerings, in-app bill splitting, access to government benefits, and a wide range of other exciting capabilities. In the app, users have the opportunity to remain informed as KOHO’s roadmap is public and open for comments.
Like this:
Like Loading...
Related
This entry was posted on December 7, 2023 at 10:34 am and is filed under Commentary with tags KOHO. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
KOHO Raises an Additional C$86 Million in Funding and Surpasses One Million Users
KOHO Financial Inc., a leading Canadian fintech company, announced today it successfully raised an additional $86 million in a series D extension at an $800 million valuation. New and existing KOHO investors provided the capital, including Drive Capital, Eldridge Industries, HOOPP, Portage, Round13, BDC, and TTV.
Despite a decline in Canadian fintech investment during the first half of 2023, KOHO shines as an exceptional success story in the industry. Notably, it has sustained a consistently positive valuation since the 2021 funding round.
The company’s overarching success is attributed to the continuous growth of its innovative product range which includes Credit Building, Cover, the ability to check your credit score for free, and an industry-leading 5 percent savings rate. Complementing these products is KOHO’s subscription model, known as KOHO Plans.
Looking ahead to 2024, KOHO is dedicated to enhancing Canadians’ financial well-being through innovative features such as increased credit offerings, in-app bill splitting, access to government benefits, and a wide range of other exciting capabilities. In the app, users have the opportunity to remain informed as KOHO’s roadmap is public and open for comments.
Share this:
Like this:
Related
This entry was posted on December 7, 2023 at 10:34 am and is filed under Commentary with tags KOHO. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.