Koho close to securing banking licence, hopes to launch telco product, CEO says

Toronto-based FinTech firm Koho Financial is close to taking the next step in its journey to become Canada’s “next great bank,” and a whole lot more, according to CEO Daniel Eberhard. Koho first revealed its plans to become a bank in 2024 , later securing $190 million CAD in equity and debt to bolster its efforts to secure the necessary Schedule 1 banking licence. In a fireside chat at the NACO Summit on Wednesday, Eberhard told NACO CEO Claudio Rojas that his company will soon secure that licen