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KOHO Secures $190M in Equity and Debt to Fuel Growth and Continue Pursuit of Bank License
Today KOHO announced that it has secured $190M in additional capital, $40M of which is equity and $150M in debt. The new capital injection will fund growth, the expansion of KOHO’s lending book and new innovative products, and continued progress towards a Schedule 1 bank license. The round was led by returning investor, PROPELR Growth, joined by new investor Rockefeller Capital and included existing investors Drive Capital, TTV, and BDC. The credit extension is in partnership with new and existing partners.
“We’re more excited than ever at KOHO. We had the choice of profitability with our existing capital but this injection allows us to grow faster and expand our lending business, both of which support our bank license application” said CEO, Daniel Eberhard. “This is going to let us keep building and scaling wonderful products like rent reporting, tenant insurance, buy-now pay later and more. We remain incredibly humbled by the trust of our team, our investors and most importantly, our users. Onwards.”
KOHO remains public with its future product roadmap which includes a loaded launch schedule of exciting new products coming soon.
“PROPELR Growth Fund has been invested in KOHO since early 2022 and we have had a front row seat to see Daniel and his team execute well on a very ambitious growth plan. We’ve been very impressed with KOHO’s ability to innovate and create a breadth of products to help Canadians save money and improve their financial security. We’re delighted to significantly increase our investment in the Company to help accelerate the next phase of growth as a Canadian fintech leader.” said Sanjiv Samant, Managing Partner of PROPELR Growth. As part of the financing, Sanjiv will join the KOHO Board of Directors.
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Norli Liv & Pension Modernizes Investment Operations with Clearwater Analytics
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Glia Named a 2025 Best Place to Work in Fintech by American Banker for Fourth Consecutive Year
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Sagic Partners With Smart Money People to Strengthen Customer Feedback Approach
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Endava and AlixPartners Announce Partnership to Accelerate Digital Transformation
Endava, the technology-driven business transformation group whose AI-native approach combines cutting edge technology with deep industry expertise, and global consulting firm, AlixPartners, today announced their strategic partnership aimed at delivering comprehensive, end-to-end technology-driven solutions for clients globally. This partnership between Endava and AlixPartners leverages complementary strengths to deliver innovative solutions, accelerate digital transformation and address complex client challenges. It combines AlixPartners’ extensive experience in industry-focused, operational consulting with Endava’s deep technical expertise – in AI, cloud adoption, data analytics and more – to ensure seamless project delivery. This approach allows businesses to move faster, reduce risk, and address challenges more effectively, all while staying focused on their broader goals.
Clearstead Expands Partnership With GLASfunds to Enhance its ClearAccess Private Markets Investment Platform
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Rich Data Co Becomes RDC.AI, Marking a New Era in Business and Commercial Credit Decisioning
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Four in Ten British Businesses Would Adopt Open Banking for Increased Security Benefits, but Are Held Back by Lack of Understanding
42% of British businesses are keen to integrate open banking into their operations citing the potential benefits of increased security and fraud prevention. This comes as a study by Payit, NatWest’s open banking payment solution, found that one in five (22%) businesses spend more than 6 hours per month managing and storing sensitive customer information, such as card details. And with open banking solutions, they could use this time to build and grow their business.
What Are Some Emerging Trends in APAC? | FF News at Money20/20 Asia 2025
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EXCLUSIVE: “Private Banking for All” – Hylton Kallner, Discovery Bank in ‘The Fintech Magazine’
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Temenos Strengthens Product Leadership With Key Appointments
Temenos (SIX: TEMN), a global leader in banking technology, today announced it has strengthened its product leadership team with two strategic appointments. Rohit Chauhan joins as Chief Technology Officer (CTO), and Eugene Khmelevsky joins as Global Head of Architecture and Data. The two executives, based out of the U.S., report to Barb Morgan, Temenos’ Chief Product and Technology Officer, highlighting the company’s strategic investment in talent to accelerate growth and innovation.
ACI Worldwide Recognized as Leading Provider of Fraud Orchestration Solutions by Datos Insights
ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, has been recognized among leading solutions providers in Datos Insights’ latest report on the fraud orchestration solutions market, Beyond Point Solutions: Orchestrating the Future of Fraud Prevention.
Four in Ten British Businesses Would Adopt Open Banking for Increased Security Benefits, but Are Held Back by Lack of Understanding
42% of British businesses are keen to integrate open banking into their operations citing the potential benefits of increased security and fraud prevention. This comes as a study by Payit, NatWest’s open banking payment solution, found that one in five (22%) businesses spend more than 6 hours per month managing and storing sensitive customer information, such as card details. And with open banking solutions, they could use this time to build and grow their business.
AAA Life Insurance Company Selects One Inc’s PremiumPay® to Support Digital Payment Processing
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More People Have Bank Accounts but One in Ten Have No Cash Savings, FCA Survey Reveals
The Financial Conduct Authority (FCA) has found that one in ten people have no cash savings at all, and another 21% have less than £1,000 to draw on in an emergency. The regulator’s research also shows that one in four people in the UK have low financial resilience, meaning that they have missed payments, are struggling to keep up with commitments, or don’t have savings to help them through difficulties.