Canadian neobank Koho raises C$130M at C$1.33B valuation, pursuing banking license

Koho raised $97M a funding round on June 12, 2026.

Primary

Koho

Amount

$97M

Date

June 12, 2026

Sub-sector

Neobank

Demonstrates investor appetite for neobank models pursuing regulated banking status. Shows path to profitability/sustainability through licensing—relevant for founders considering similar regulatory trajectories in Canada or US.

Primary company

Koho

Counterparty

Not disclosed

Amount

$97M

Event date

June 12, 2026

Sub-sector

Neobank

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

Finextra

Source: finextra.com