Koho Financial Inc.
|Founded 📆||2014 in Vancouver|
|Founders 👔||Daniel Eberhard|
|Headquarters 🏙️||, |
Area served 🗺️
Number of employees
Koho Financial is a Canadian money services business. Described as a "neobank", Koho's agenda is to provide a different experience than the more traditional banking experience. Koho has no physical locations, and no fees.
Customers of Koho manage their money through a mobile app, and spend money on a Koho branded Visa card.
Koho has partnerships with Peoples Trust, Visa, and Galileo Processing.
Notable investors in Koho include Hootsuite co-founder David Tedman, and Shopify co-founder Scott Lake.
In May 2015, Koho brought on Charles Iliya Krempeaux as CTO, and announced raising $1 million in funding. Later that year, Koho's partnerships with Visa, Galileo Processing, and Peoples Trust were announced.
In 2017 Koho moved its headquarters to Toronto, after receiving $8 million in investment from Power Financial's Portag3 Ventures and having Paul Desmarais III, Adam Felesky, and Wealthsimple CEO Michael Katchen join the board of directors.
Koho does not charge its customers fees, but instead makes money from interchange when customers spend on their Koho Visa card.
Awards and distinctions
- Nasdaq FinTech Innovation Award (2015)
- Mckenzie, Kevin Hinton & Ryan. "Matrix: Vancouver's money makeover".
- "Koho Set to Disrupt Canada's Big Five Banks". Techvibes.
- "Vancouver-based Koho hiring Toronto team, including VP of Finance and COO".
- "Koho raises $8 million from Portag3 as Paul Desmarais III and Mike Katchen join board".
- "Vancouver Tech Podcast Ep. 24: Koho".
- "Charles Iliya Krempeaux: Executive Profile & Biography - Bloomberg". www.bloomberg.com.
- "Koho Raises $1 Million to Fix Banking for Millennials". Techvibes.
- "Koho Financial teams up with Visa to offer frustrated millennials a big bank alternative". 26 November 2015.
- "Koho secures partnerships with Visa, others, as company preps to launch millennial banking in Canada".
- "Koho to Offer No-Fee, Mobile Banking Services to Millennials; Reaches Agreements with Visa, Peoples Trust and Galileo".
- "Koho Secures $8 Million Investment from Portag3". Techvibes.
- "New mobile bank Koho set to join Canada's fintech crowd" – via The Globe and Mail.
- "Vancouver's Koho wins Nasdaq FinTech Innovation Award at NY TechDay".
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