KOHO is a Canadian fintech company that operates as a neobank, providing digital banking services through a mobile app and prepaid Mastercard. Founded in 2014 and based in Toronto, KOHO offers Canadians an alternative to traditional banking with no hidden fees, cashback rewards, and innovative financial management tools.
While KOHO is not a licensed bank, it partners with Peoples Trust Company and Mastercard to provide secure banking services. The company serves millions of customers across Canada, offering features like spending accounts, savings with competitive interest rates, credit building tools, and budgeting capabilities.
KOHO has grown significantly since its inception, expanding from 13 employees to over 400 professionals. The company has raised substantial funding from established investors including Drive Capital, Portag3 Ventures, TTV Capital, HOOPP, Round13, and BDC.
