Power Financial, which originally invested in mobile financial services platform Koho last year, has added $8m in funding through its Portag3 Ventures unit.
Financial services holding group Power Financial Corporation made an $8m strategic investment in Canada-based financial services app developer Koho yesterday through its venture capital vehicle, Portag3 Ventures.
Koho offers users a mobile app with a spending account and a prepaid Visa card, which customers can use for day-to-day spending and for transactions such as money transfers, bill payment and ATM withdrawals.
The app also provides real-time updates, automated budgets, personalised goals and card blocking to help users better manage their…
