KOHO Raises $130M Series F at $1.33B Valuation

KOHO, a Vancouver-based financial technology company providing digital spending and savings solutions, has raised $130 million CAD in Series F funding. This latest round brings the company's total funding to $507 million CAD and establishes a valuation of $1.33 billion CAD.

Investors

The financing round included new investors Mubadala and Savano Capital, alongside notable operator-investors Tobi Lutke, founder and CEO of Shopify, and Michael Linford, COO of Affirm. Existing investors Portage Ventures, Drive Capital, BDC Capital, HOOPP, and Eldridge also participated in the round.

KOHO Use of Funds

The new capital will serve as the initial funding base for KOHO to pursue a federal banking license in Canada. Additionally, the funds will support the company's continued growth across its core product suite, including its spending and savings accounts, credit-building tools, overdraft protection, and crypto offerings.

About KOHO

Founded in 2014 by CEO Daniel Eberhard, KOHO is a financial technology company dedicated to helping Canadians manage their money through an innovative app. The platform provides transparent financial tools designed to reduce hidden fees and assist users in achieving long-term financial stability.

Funding Details

Company Website: https://koho.ca

Company: KOHO
Raised: $130M CAD
Round: Series F
Funding Date: June 11, 2026
Additional Investors: Mubadala, Savano Capital, Tobi Lutke, Michael Linford, Portage Ventures, Drive Capital, BDC Capital, HOOPP, Eldridge
Company Website: koho.ca
Software Category: Fintech
Source: https://privatecapitaljournal.com/koho-secures-130m-series-f-at-1-33b-valuation/