The Toronto-based company’s post-money valuation is after its Series D, led by U.S.-based investor Eldridge and announced Feb. 1. The Logic calculated it using information disclosed in major shareholder Power Corporation’s year-end report. (The Logic)
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The Toronto-based company’s post-money valuation is after its Series D, led by U.S.-based investor Eldridge and announced Feb. 1. The Logic calculated it using information disclosed in major shareholder Power Corporation’s year-end report. (The Logic)
Talking point: Koho’s latest valuation places it in a league of highly valued Canadian fintechs. Power said Thursday that it sold part of its stake in Koho to an entity managed by its alternative-asset subsidiary Sagard Holdings; as of Dec. 31, 2021, Power had a 33.8 per cent fully diluted equity stake. Koho didn’t immediately return a request for comment about its valuation. The fintech said in February that it surpassed 500,000 users and was planning new products to complement its existing offerings in payment cards, savings accounts and early-payday transfers.
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