The all-equity funding round values the fintech at $800 million. TTV Capital led the round, while existing investors Portage, BDC Capital, Drive Capital, Eldridge Industries and the Healthcare of Ontario Pension Plan also participated. According to Crunchbase, Koho was last valued at US$785 million in February 2022. (The Logic)
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The all-equity funding round values the fintech at $800 million. TTV Capital led the round, while existing investors Portage, BDC Capital, Drive Capital, Eldridge Industries and the Healthcare of Ontario Pension Plan also participated. According to Crunchbase, Koho was last valued at US$785 million in February 2022. (The Logic)
Talking point: Koho was able to attract investors because of its rapid revenue growth and demand for its products, CEO Daniel Eberhard said in an email. “Raising funds in this market was challenging, especially considering that our valuation has remained stable since 2021,” he said. The money will let Koho continue to scale with enough capital to reach profitability, he added. It plans to add features such as increased credit offerings, in-app bill splitting and is exploring providing users access to government benefits.
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