KOHO Raises $130 Million at $1.33B Valuation to Fund Growth and Continue Pursuit of Bank License

Koho moves closer to getting banking licence after raising $130 million

Koho raised $130M (now $1.3B) and is final-stage candidate for federal banking licence from Canada's OSFI regulator. OSFI's streamlined path accelerates fintech banking, signaling major shift in Canadian financial competition toward digital-first infrastructure.