Fintech startup Koho raises $42 mln in Portag3-led Series B round
Toronto-based financial technology startup Koho has secured $42 million in a Series B financing. Portag3 Ventures, an investment arm of Canadian holding company Power Corp, led the round. It was joined by U.K. growth equity firm Greyhound Capital and other strategic investors. Portag3 also led Koho's $8 million round in 2017. Led by CEO Daniel Eberhard, who co-founded the company in 2014, Koho provides an integrated app and reloadable card to help more than 120,000 Canadian customers manage and gain insights about their spending and saving. Koho will use the funds raised to accelerate growth and develop new products and services.
15 May 2019•3 mins read
