KOHO
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Investors
Founders
About
KOHO is a Canadian challenger bank founded in 2014, headquartered in Vancouver with operations in Toronto 13. The company offers a prepaid Mastercard, lines of credit, international money transfers, credit-building products, tenant insurance, and cryptocurrency services 1. KOHO is actively pursuing a Schedule 1 federal banking licence in Canada 12. The company reports 2.5 million customers (up from one million in late 2023), approximately C$250M in annual revenue, 50% year-over-year growth, and 250 employees 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-11 | Series E | C$130M | (not disclosed) | Mubadala, Savano Capital Partners, Tobi Lütke, Michael Linford, Portage, BDC Capital, Healthcare of Ontario Pension Plan, Drive Capital, Eldridge 123 |
Post-money valuation: C$1.33B (unicorn status) 12. Total raised to date: C$507M 1.
What Investors Say
No independently sourced investor quotes found at time of writing.
What Founders Say
“It’s been a long journey. We’re excited because it’s the last big piece of the puzzle for us.”
— Daniel Eberhard, Co-Founder & CEO, quoted in BetaKit, June 11, 2026 2
Sources
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“KOHO Raises $130 Million at $1.33B Valuation to Fund Growth and Continue Pursuit of Bank License,” KOHO press release via BusinessWire, June 11, 2026. Accessed June 2026. https://www.businesswire.com/news/home/20260611435869/en/KOHO-Raises-$130-Million-at-$1.33B-Valuation-to-Fund-Growth-and-Continue-Pursuit-of-Bank-License↩↩↩↩↩↩↩
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Isabelle Kirkwood, “Koho becomes Canada’s latest unicorn following $130-million Series E round,” BetaKit, June 11, 2026. Accessed June 2026. https://betakit.com/koho-becomes-canadas-latest-unicorn-following-130-million-series-e-round/↩↩↩↩↩
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“Koho raises $130-million, bolstering its case to become a bank,” The Globe and Mail, June 11, 2026. Accessed June 2026. https://www.theglobeandmail.com/business/article-koho-raises-130-million-banking-licence/↩↩