Koho Raises $1 Million to Fix Banking for Millennials

Koho, a technology-driven banking platform, announced this morning that they have closed a $1 million financing round.

Koho’s investors are a mix of Canadian angels and funds, and includes Joe Canavan, Ferst Capital, Hedgewood, Highline and Stanley Park Ventures.

Alpha launching in Q3 of this year, Koho’s mission is to offer Canadian’s, specifically millennials, access to low-cost, highly functional banking accounts.

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Multi-Channel Payment Platform Payfirma Raises $13 Million and Contemplates IPO

Vancouver-headquarted Payfirma announced today that it has completed an oversubscribed $13 million Series A private placement financing.

The financing was led by Dundee Capital Markets, a division of Dundee Securities, and included many of Canada's leading institutional investors.

Payfirma will use the funds to accelerate its growth, deepen its product offerings, and pursue strategic partnerships.

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