KOHO, a Canadian fintech company that offers a no-fee spending and savings account, has secured $190 million in funding, with $40 million in equity led by PROPELR Growth and new investor Rockefeller Capital, alongside $150 million in debt from new and existing partners. The capital will expand KOHO’s lending services, introduce new products such as rent reporting and buy-now-pay-later options, and continue its pursuit of a Schedule 1 bank license,along with accelerating growth and innovation in its product suite.

KOHO Secures $190M in Equity and Debt to Fuel Growth and Continue Pursuit of Bank License