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KOHO Raises $130 Million to Fund Growth and Pursue Bank License, Reaching a $1.33B Valuation. Led by Mubadala and Savano Capital, alongside Shopify’s Tobi Lütke and Affirm's Michael Linford.

PRIVATEJun 11, 2026•4 days ago

Amount Raised

$130 Million

TorontoFinancial Services

Investors

EldridgeHooppBdc CapitalDrive CapitalPortage VenturesMichael LinfordTobi LütkeSavano CapitalMubadala

Description

KOHO, Canada's leading financial technology company, has raised $130 million CAD. The funding round includes notable new investors like Mubadala and Savano Capital, along with existing backers. This capital is aimed at advancing KOHO's pursuit of a federal banking license. The successful funding brings KOHO's valuation to $1.33 billion CAD.

Company Information

Company

KOHO

Location

Toronto, Ontario, Canada

About

We want Canadians to be able to travel more, retire sooner, and live more balanced lives. With an app and a reloadable card, KOHO is a totally new approach to spending and saving. Hundreds of thousands of Canadians are already using KOHO to spend smarter, save quicker, and restore financial balance. We have the best user support in Canada, maybe the world, and a growing team of hungry fintech enthusiasts ready to change the way Canadians spend and save, for good. We've raised 4 rounds of funding, won the NASDAQ award for Best FinTech Co, and we're hiring.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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