The mobile banking platform developer lured National Bank of Canada's venture capital unit to an $18.8m round led by Drive Capital.

Koho, the Canada-based developer of a digital financial services platform, has secured C$25m ($18.8m) in a funding round that included National Bank of Canada’s strategic investment vehicle, NAventures.

Venture capital firm Drive Capital led the round, which followed a $32.1m series B round in May this year that was led by Portag3 Ventures, an investment firm formed by conglomerate Power Corporation, and backed by investors including Greyhound Capital.

Founded in 2014, Koho offers a finance account through a mobile…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.