Mobile banking provider Koho completes $70-million financing round Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Mobile banking provider Koho Financial Inc. has raised $70-million in its latest financing, new money that leads to Power Corp. giving up its controlling stake in the company.
Koho will announce next week that its latest round of funding was led by new investor Atlanta-based TTV Capital, with commitments from returning investors Drive Capital and Portag3 Ventures, a wing of Power Corp.’s alternative-investing arm Sagard Holdings ULC.
Borrowell raises $25 million to fund acquisition of Refresh Financial
Borrowell has secured $25 million CAD to support its recently closed acquisition of Refresh Financial and overall growth, as financial institutions return their focus to customer acquisition following the fallout of COVID-19.
The all-equity financing included a number of new investors for Borrowell, such as Kensington Capital Partners, BDC Capital, iA Financial Group and Impact Engine, a Chicago-based social impact-focused investment fund. Existing investors Portag3 Ventures, White Star Capital, NAventures (the venture arm of National Bank of Canada) and Equitable Bank also participated with new funding.
“We’re getting back to very much where we were pre-COVID.”