Power Corporation's Portag3 Ventures unit led a $32.1m round for the digital bank operator, which will use the funds to expand its app-based service.
Canada-based mobile banking platform developer Koho has received C$42m ($31.2m) in a series B round led by Portag3 Ventures, the financial technology investment firm formed by diversified conglomerate Power Corporation.
Portag3 was joined by investors including growth equity firm Greyhound Capital, and sources told Betakit the round valued the company at more $100m.
Koho operates a digital bank that lets consumers open and manage current accounts through a mobile app, paying for goods and services using a connected Visa debit…
