The Bank Canadians Deserve Doesn't Exist Yet

Today, KOHO announced $130M in new capital at a $1.33B valuation.

We’re very happy to welcome Mubadala, Savano Capital, Tobi Lutke, CEO, Founder of Shopify, and Michael Linford, COO of Affirm, to the KOHO story. We’re also grateful for the continued support of Drive Capital, Portage Ventures, Eldridge, BDC Capital, and HOOPP.

One of my favourite things about KOHO is that the only way we win is if millions of Canadians choose us. We cannot out-spend or out-market. We have to out-build. The progress we have made reflects the progress our users have made.

So, while we feel very proud of what’s behind us, we’re much more humbled by what’s in front of us. With this capital, we’ve earned the right to keep building on our promise to users. That job remains monumental, and we’re very honoured that we get to do the work

I want to thank the team for their incredible work these past few years. The world doesn’t yet know how talented, smart and kind the KOHO Collective is - but they will.

I want to thank our investors for their continued trust and support. We’re lucky to have partners who recognize and support the need to take the longer view here.

More than anything, I want to thank our users. We’ve come a long way with much farther to go. We’ll keep earning your trust every damn day.

Back to work.