# KOHO Financial

KOHO Financial is an Asset Manager based in Toronto, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** Toronto, ON, Canada
- **Assets under management:** Undisclosed
- **Website:** www.koho.ca
- **LinkedIn:** https://www.linkedin.com/company/koho

## Regulatory record

- **Reports private funds:** No

## About

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!

## Sectors

- FinTech

## 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.

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Last updated: 2026-06-03T20:00:00.000Z

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