Banking services startup Koho raises CAD 70 million

The startup raised the capital from TTV Capital, Drive Capital, and Portag3 Ventures as it aims to increase the utility and adoption of its alternative financial service offerings. The CAD 70 million is all primary capital, CAD 50 million of which is equity and CAD 20 million venture debt. 

The round also included secondary undisclosed financing on top of the CAD 70. The funding will act as fuel to reach the objective of macro adoption of the company’s financial service offerings.