| Founded | 2014 |
|---|---|
| Closed | 2023 |
| Country | Canada |
| Sector | Fintech |
| Collapse type | Mass Layoff Spiral |
| Founder | Daniel Eberhard |
Koho Financial
"A CAD $210M bet on embedded benefits collapsed under a $4M monthly burn rate."
Cascading layoffs that accelerated the decline
Key Events Timeline
Toronto-based Koho raised CAD $210M to deliver embedded financial wellness — savings, earned wage access, and credit building — to Canadian employees and gig workers.
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