KOHO Mastercard Prepaid card
Card
Reloadable prepaid Mastercard issued by KOHO Financial Inc. and used for everyday spending.
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KOHO
FinTechVancouver, BC
Vancouver-based financial technology company offering a spending account, prepaid Mastercard, interest earning and credit building products to Canadian consumers through a mobile app, while pursuing a federal banking licence.
Canadian innovation builds a brighter tomorrow.
About
Source: koho.caKOHO is a Canadian financial technology company, not a bank: its own security page states that "KOHO is regulated as a Money Service Business (MSB) by FINTRAC" under registration M15656297, and that it has partnered with Peoples Trust, a federally regulated bank, to safeguard customer funds. Customers who opt in to Earn Interest have up to $100K eligible for CDIC protection through that arrangement. The KOHO Mastercard Prepaid card is issued by KOHO Financial Inc.
Described in June 2026 as headquartered in Vancouver, where it was founded, with operations in Toronto. betakit.com
Originally founded in Vancouver; moved into a 12,000 sq ft space in the old Carpet Factory building in Toronto's Liberty Village in 2018. techtalent.ca
Raised a $130 million CAD all-equity Series E in June 2026 at a $1.33 billion post-money valuation, with Mubadala, Savano Capital, Portage, BDC Capital and Drive Capital. betakit.com
Reported 2.5 million users and described itself as a 250-person company at that Series E round. betakit.com
Secured $190 million CAD in October 2024 - $40M in equity led by PROPELR Growth and $150M in debt - to bolster its banking licence efforts. betakit.com
Products & Services
Company site: koho.caProducts KOHO publishes on its own site. Each card links to the page it was taken from.
Earn Interest
Savings
Opt-in interest feature under which customer funds are held at Peoples Trust, with up to $100K eligible for CDIC protection.
Learn moreCredit Building
Credit
Product that reports payment activity to help customers build a Canadian credit history.
Learn moreFunding & Investors
Announced rounds only, newest first. Undisclosed amounts are shown as undisclosed.
Series E ($130M CAD, all equity)
Jun 11, 2026
Undisclosedbetakit.comInvestors: Mubadala, Savano Capital, Portage, BDC Capital, Drive Capital, Healthcare of Ontario Pension Plan, Eldridge, Tobi Lutke
Equity and debt ($190M CAD: $40M equity, $150M debt)
Oct 2, 2024
Undisclosedbetakit.comInvestors: PROPELR Growth, Drive Capital, TTV Capital, BDC Capital, Rockefeller Capital
Latest: Series E ($130M CAD, all equity) · Jun 11, 2026
Recent News
- Jun 11, 2026Funding
KOHO becomes Canada's latest unicorn following $130-million Series E round
KOHO raised a $130M CAD all-equity Series E at a $1.33B post-money valuation, reporting 2.5 million users and a roughly 250-person team.
- Oct 2, 2024Funding
KOHO secures $190 million CAD in equity and debt
KOHO raised $190M CAD, split between $40M in equity led by PROPELR Growth and $150M in debt, to support its banking licence application.
People
Sourced from the company's own pages or announcements.
Daniel Eberhard
Chief Executive Officer
Technology Focus
Company site: koho.caTerms the company uses about its own work.
Prepaid card issuingSpending and saving accountsCredit buildingMoney services businessMobile banking appInterac e-Transfer
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