KOHO RAISES CA$130M AT CA$1.33B VALUATION

Koho has surpassed 2.5 million users while advancing through the final stages of acquiring a banking license in Canada. The Series E funding will support the company's expansion and operational growth as it transitions from a fintech platform to a fully licensed bank. The Toronto-based challenger bank operates a mobile-first platform offering savings accounts, spending tools, and financial management features. The increased valuation reflects investor confidence in Koho's growth trajectory and the broader demand for digital banking alternatives in Canada. Obtaining a banking license would position Koho alongside other fintech firms seeking full regulatory approval in Canada's financial sector. The company has previously raised funding from investors including Portage Ventures and participants from earlier rounds.