Koho becomes Canada’s latest unicorn following $130-million Series E round

Canadian challenger bank Koho Financial has secured $130 million CAD in Series E financing as the FinTech company continues its quest to obtain a federal banking licence. The all-equity round, which Koho closed in recent weeks and announced on Thursday, provides the initial capital base the company requires to become a federally regulated bank, and cash to invest in continued growth. It comes at a post-money valuation of $1.33 billion, officially granting Koho—which was last publicly valued at $