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Prepaid cards fill gaps in Canada's banking market americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Canadian Challenger Bank KOHO Reportedly Raises $70 Million Through Series C Funding Round
KOHO, a Canada-based challenger bank that offers Canadians an alternative to traditional banking, has reportedly secured $70 million through its Series C funding round. According to BetaKit, the funding round was led by TTV Capital with participation from Drive Capital and Portag3 Ventures. The latest investment round comes just a little over a year after KOHO raised a total of $42 million through its Series B round. As previously reported, KOHO is offering a new approach to spending and saving. The startup recently reported that in less than two years, it has grown to more than 120,000 accounts, and has moved its HQ to Toronto as well as released 43 new versions of the app. KOHO operates as both a chequing and savings account, which means users can spend, save, and earn, all in one place. Customers may opt into KOHO Save in the app and their entire balance ....
Canadian startup news of the week (3/14/21) betakit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from betakit.com Daily Mail and Mail on Sunday newspapers.
Koho secures $70 million Series C to scale adoption of its digital banking services betakit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from betakit.com Daily Mail and Mail on Sunday newspapers.