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

At NACO Summit, Daniel Eberhard compares the future of Koho to Chinese “super apps.”

At NACO Summit, Daniel Eberhard compares the future of Koho to Chinese “super apps.” 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 (which NACO supported BetaKit’s travel to attend), Eberhard told NACO CEO Claudio Rojas that…

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