KOHO RAISES CA$130M AT CA$1.33B VALUATION

AI DESK■ 1 MIN READ

FRI, JUN 12, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Canadian challenger bank Koho closed a Series E funding round of CA$130 million, valuing the fintech at CA$1.33 billion. The raise marks a 66% increase from its CA$800 million valuation in 2023, as the company approaches obtaining a full Canadian banking license.

Koho has surpassed 2.5 million users while advancing through the final stages of acquiring a banking license in Canada. The Series E funding will support the company's expansion and operational growth as it transitions from a fintech platform to a fully licensed bank. The Toronto-based challenger bank operates a mobile-first platform offering savings accounts, spending tools, and financial management features. The increased valuation reflects investor confidence in Koho's growth trajectory and the broader demand for digital banking alternatives in Canada. Obtaining a banking license would position Koho alongside other fintech firms seeking full regulatory approval in Canada's financial sector. The company has previously raised funding from investors including Portage Ventures and participants from earlier rounds.

■ SOURCES

► Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE STARTUPS DESK

P812RAINDROP LANDS $35M TO MONITOR AI AGENT FAILURES

Raindrop, a platform for monitoring AI agents, raised $35 million in Series A funding led by CRV. The round backs technology designed to catch AI failures including hallucinations and tool misuse.

JUST NOW— AI Desk

P798VANTORA RAISES $100M+ FROM SILVERSMITH CAPITAL

Vantora, the AI-native startup builder formerly known as UP.Labs, secured over $100 million in funding from Silversmith Capital Partners. The firm creates purpose-built AI companies to address specific enterprise problems.

5H AGO— AI Desk

P787VANTORA RAISES $100M TO BUILD INDUSTRIAL AI STARTUPS

Vantora, formerly known as UP.Labs, secured $100 million in funding to create startups focused on physical artificial intelligence for industrial corporations.

15H AGO— AI Desk

P772ANGLE HEALTH REACHES $2.7B VALUATION

Y Combinator-backed Angle Health has achieved unicorn status with a $2.7 billion valuation. The insurance tech company now serves 5,000 customers and operates profitably.

18H AGO— Industry Desk

◄ BACK TO NEWS

KOHO RAISES CA$130M AT CA$1.33B VALUATION

■ MORE FROM THE STARTUPS DESK

■ SUBSCRIBE TO THE DAILY BRIEF