# KOHO

> KOHO is a Canadian consumer fintech combining a prepaid Mastercard and money-management app with interest-earning balances, rewards, credit-building subscriptions and borrowing tools. Its distribution includes Canada Post’s MyMoney Account, while its next ambition is a federal banking licence.

- **Founded:** 2014
- **Headquarters:** Toronto, Canada
- **Founders:** Daniel Eberhard (Co-founder and CEO), Mike Benna (Co-founder), Jonathan Bixby (Co-founder), Joshua Bixby (Co-founder)
- **Products:** KOHO account and prepaid Mastercard, Earn Interest, Credit Building, Cover, Canada Post MyMoney Account
- **Notable:** Company reports 2.5M+ customers., Canada Post MyMoney Account launched nationally in March 2025., Direct Interac e-Transfer participation announced in May 2026.

## Products & services

- **KOHO account and prepaid Mastercard** — App-based spending, bill payments, transfers, savings goals and eligible cash-back rewards. Essential, Extra and Everything offer different benefits.
- **Earn Interest** — Opt-in interest on eligible balances; plan-dependent variable rates and eligibility conditions apply.
- **Credit Building** — A paid, interest-free credit-building tradeline that reports payment activity to Equifax; separate from ordinary prepaid card spending.
- **Cover** — Subscription bundle with an interest-free cash advance for eligible users; limits and subscription costs depend on the offer.
- **Canada Post MyMoney Account** — Spending and savings account delivered with KOHO, nationally launched March 17, 2025.
- **Pay Later** — Eligible users can split qualifying purchases into instalment payments; offer-specific terms apply.

## Achievements

- Company reports 2.5M+ customers.
- Canada Post MyMoney Account launched nationally in March 2025.
- Direct Interac e-Transfer participation announced in May 2026.
- June 2026 financing valued the company at C$1.33 billion.

## Latest updates

- **2026-06** — Announced C$130 million in capital at a C$1.33 billion valuation.
- **2026-05** — Interac announced direct e-Transfer participation.
- **2026-03** — Canada Gazette published a subsidiary’s intention to apply for continuance as a Schedule I bank; the notice explicitly does not establish approval.

## Links

- Website: https://www.koho.ca/
- LinkedIn: https://www.linkedin.com/company/koho
- Twitter/X: https://x.com/GetKoho
- GitHub: https://github.com/kohofinancial
- YouTube: https://www.youtube.com/channel/UC-HnC-dcg5_KYW6pQ7H4JQA
- Instagram: https://www.instagram.com/getkoho/
- Facebook: https://www.facebook.com/KOHO/
- TikTok: https://www.tiktok.com/@getkoho

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Profile page: https://yespress.io/koho
Published by YesPress — https://yespress.io
Last updated: 2026-10-16