About KOHO
KOHO offers a modern banking alternative through its prepaid Visa cards and mobile app, designed for individuals seeking better financial management without the fees of traditional banks. Users can earn cash back on purchases, build credit, and access their paychecks early. The app and card are free to use, with revenue generated from merchant interchange fees and optional premium services. KOHO stands out by targeting tech-savvy consumers who value transparency and convenience in managing their finances.
Toronto, CanadaHeadquarters
2014Year Founded
$300.5MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees
Benefits
Wellness Program
Paid Vacation
Parental Leave
Remote Work Options
Home Office Stipend
Professional Development Budget
Company Equity
Risks
Increased competition from fintech companies like Wealthsimple could impact KOHO's market share.
Potential regulatory changes may threaten KOHO's reliance on interchange fees for revenue.
Delays in obtaining a banking license could hinder KOHO's product expansion efforts.
Differentiation
KOHO offers a modern alternative to traditional banking with prepaid Visa cards.
The company provides unique financial management tools like cash flow projections and spending insights.
KOHO's partnership with the NBA enhances brand visibility and customer engagement in Canada.
Upsides
KOHO's AI tool for fraud detection enhances user trust and safety.
The company's expansion into renters insurance diversifies its product offerings.
Securing $190 million CAD supports KOHO's efforts to obtain a Canadian banking license.
Funding
Total raised$300.45 M
Latest valuation$800.00 M
StageDEBT
$29
$800.00 MSERIES D
11/30/2023$63
$800.00 MSECONDARY
1/31/2022$7
$1.00 BSERIES C
2/28/2021$37
$300.00 MSERIES B
10/31/2019$19
$94.05 MSERIES A
8/31/2017$8
$40.00 M$1
$5.00 M