19 November 2017
visit www.atos.net

Canadian fintech Koho launches

17 March 2017  |  8684 views  |  0 hipster suit with phone

Vancouver-based mobile finacial services outfit Koho has finally moved out of private beta testing, pitting its mobile-based service against Canada's big five providers in the battle for Generation Y.

Like Simple and Moven in the US, Koho pitches itself more as a technology company than a bank, providing a front end of services while Peoples Trust Company holds customers' cash.

With a particular focus on 18 to 34 year olds, the startup is promising to offer a better service than traditional banks, more suited to the digital age and with fewer and more transparent fees.



Customers get a prepaid Visa card, P2P payments, live chat support and Touch ID-based security, but the firm's main pitch is centred on its money management capabilities, including instant notifications about account activity, insights into spending habits, and saving goals.

Koho's founders, who come from tech startup backgrounds, say that they launched the outfit because Canadians have to endure antiquated banking practices while still paying some of the highest fees in the world to a big five that made $29 billion in profits in 2015.

The service was initially slated to launch last year but extensive beta testing means that it is only now coming to iOS devices, with Android to follow.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Canadian neobank Koho partners Visa ahead of launch

Canadian neobank Koho partners Visa ahead of launch

30 November 2015  |  7594 views  |  1 comments | 4 tweets | 4 linkedin
New neo-bank Koho targets Canada's Generation Y

New neo-bank Koho targets Canada's Generation Y

03 December 2014  |  10564 views  |  7 comments | 8 tweets | 13 linkedin

Related blogs

Create a blog about this story (membership required)
visit https://www.niceactimize.comvisit www.atos.netvisit www.ncr.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
16090 views comments | 24 tweets | 25 linkedin
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
12281 views comments | 15 tweets | 29 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
10321 views comments | 14 tweets | 39 linkedin
Digital receipt startup Flux scores game-changing deal with BarclaysDigital receipt startup Flux scores game-c...
10162 views comments | 20 tweets | 36 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
8524 views comments | 26 tweets | 37 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job