Koho, a Toronto, Canada-based fintech company, raised C$190M in Equity and Debt funding.
The round consisted of C$40M in equity and C$150M in debt, led by returning investor, PROPELR Growth, joined by new investor Rockefeller Capital and included existing investors Drive Capital, TTV, and BDC. The credit extension is in partnership with new and existing partners.
As part of the financing, Sanjiv Samant, Managing Partner of PROPELR Growth, will join the KOHO Board of Directors.
The company intends to use the amount to accelerate growth and expansion of its lending book and new products, and continued progress towards a Schedule 1 bank license.
Founded in 2014, and led by CEO Daniel Eberhard, Koho is a fintech company equipped with a Mastercard for spending and tools for its users to earn and borrow money, build credit, and budget.
FinSMEs
03/10/2024