Toronto based fintech startup Koho Financial has raised CAD $70 million in Series C funding round at an estimated valuation of $300 million. The round was led by TTV Capital through its FinTech fund and also witnessed the participation of existing investors Portag3 Ventures and Drive Capital, who had led Koho’s Series B extension in November 2019.
Koho Financial was founded in 2014 by Daniel Eberhard, Jonathan Bixby, Joshua Bixby and Mike Benna. The fintech startup provides an application based banking platform intended to simplify financial products available to everyone as it aims to increase the utility and adoption of its alternative financial service offerings. The funding will enable the company to increase the utility and adoption of its alternative financial service offerings.
