KOHO Raises $130M at $1.33B Valuation

KOHO raised $130 million CAD at a $1.33 billion CAD valuation. The round includes new investors Mubadala, Savano Capital, Shopify founder Tobi Lütke, and Affirm COO Michael Linford. The funding provides the initial capital base for KOHO's pursuit of a federal banking license.