KOHO provides a modern alternative to traditional banking in Canada through a prepaid Visa card and a mobile app. It targets individuals who want simple, transparent money management with fewer fees. Users load funds onto a prepaid card, spend with cash back on purchases, and can access features like credit-building services and early payroll. The app shows spending and balances in real time, helping users manage money without a traditional bank account. KOHO makes money mainly from merchant interchange fees when users pay with the card and from optional premium services, while offering a free base product. Unlike typical banks or some fintechs, KOHO emphasizes a free-to-use app and card with clear fees and control over finances.
Company Size
201-500
Company Stage
Series E
Total Funding
$565.6M
Headquarters
Toronto, Canada
Founded
2014
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?