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KOHO Financial
KOHO Financial is a Canadian fintech with over 2 million users, offering a prepaid Mastercard, interest-bearing accounts, and consumer credit products.
KOHO Financial
Open an everyday spending account online with instant cash back & premium rewards. Join over 1.5M Canadians using KOHO's prepaid Mastercard to spend, save, build and borrow. Sign up in minutes!
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
Toronto, ON, Canada
Sector focus
Frequently asked questions
Who are the institutional investors backing KOHO Financial?
KOHO's disclosed backers include Drive Capital, Portag3 Ventures, TTV Capital, the Healthcare of Ontario Pension Plan (HOOPP), Round13, and BDC — a mix of venture capital, pension, and government-linked capital. The firm does not publicly identify lead investment personnel or board representation from these institutions.
How does KOHO's credit product work?
KOHO extends small-dollar credit through Cover cash advances up to $250, Pay Later installment plans for single purchases, and a credit-builder feature that reports to credit bureaus. Pricing starts at $2 per month for a cash advance, with approval delivered in-app within minutes.
Is KOHO a bank?
No — KOHO operates as a fintech company, not a chartered bank. It issues a prepaid Mastercard and holds user funds in trust with CDIC-member institutions. This structure separates KOHO's credit extension and deposit-taking from the Canadian bank regulatory framework.
Does KOHO have a physical branch presence?
KOHO is entirely mobile-first with no physical branch network. Customer support is delivered through in-app chat and web channels, with published first-response times averaging under four minutes for paid-plan users, while account and card services remain digital-only.
What role does KOHO play for institutional allocators?
KOHO is not an institutional fund open to limited partners. Its relevance to allocators is as a private, venture- and pension-backed operating company that has built a consumer loan book and deposit-gathering mechanism competing with Canadian banking incumbents.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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