KOHO: Canada's Money App

KOHO Financial

About this app

Make money progress with KOHO.

Join over 1.7 million Canadians who trust KOHO as the ultimate way to spend and save—no hidden fees, no fine print, no catch. With a prepaid Mastercard and innovative tools, we provide our users with the ability to earn, spend, borrow, build credit, and budget—all in one convenient app. KOHO’s mission is to make managing money accessible, engaging, and user-friendly, ensuring that everyone has the resources they need to take control of their financial future.

PERSONALIZED PLANS FOR EVERYONE

KOHO has curated three different plans to suit any sort of spending and saving, for ultimate flexibility and freedom with your money. Boost your cash back rewards, jumpstart your credit-building journey, or earn more interest with KOHO plans - Essential, Extra, and Everything.

EARN MORE, SPEND LESS

KOHO’s awesome cash back benefits mean you’ll be rewarded for everyday spending. Get up to 2% back on groceries, food, drink, and transportation and 0.5% cash back on all purchases.

GOODBYE, UNNECESSARY FEES

With KOHO, you'll never have to worry about e-transfer, ATM withdrawal, or hidden charges. We’re here to save you money — no more worrying about hefty bank fees.

BUILD YOUR CREDIT HISTORY

KOHO's Credit Building program helps you improve your credit history with minimal effort. Simply secure a line of credit, make timely repayments, and build your credit history. A strong history can raise your scores.

EARN INTEREST ON EVERYTHING

Maximize your earnings with up to 4% high-interest savings. Watch your money grow and master your savings goals. Reliable, steady growth designed to meet savings goals.

START SPENDING IN MINUTES

Sign up quickly and receive a virtual card instantly. Use the app to pay bills, send Interac e-transfers, create savings goals, and chat with the KOHO team for support or suggestions. No time like the present, right?

REFER & EARN

Share the love and earn $20 for each friend you refer to KOHO – they'll also get a $20 bonus to kickstart their financial journey!

PEACE OF MIND GUARANTEED

Partnering with Mastercard means your money is held securely. Protect yourself further by locking your card in-app and enjoy our zero-liability policy for unauthorized use.

As featured in NASDAQ, Bloomberg, The Globe and Mail, CBC, Toronto Life, Yahoo Finance, and Financial Post.

KOHO is a fintech company, not a bank. We partner with a variety of banks to deliver an outstanding financial product.

Interest rates are per year, calculated daily, paid monthly, and can change at any time without notice. Try KOHO today and unlock your full financial potential!

KOHO

601 West Broadway, Suite 400, Vancouver BC, V5Z 4C2

Ratings and reviews

The service has been fine since I started last year, this rating is only for recent app issues (June 2025). First, I just had to uninstall and reinstall the app because it wouldn't open. Now when I use fingerprint to login, it still asks for my password and texts a PIN anyway when it didn't before. Plus the app icon has ugly white space around it on Pixel 9/Android 16 that wasn't there before, meaning the app logo file is done incorrectly. Sloppy work on the app...

I have been using KOHO since 2017 and it never did me wrong. The app got easier and got more features as the years went by. Easy to spend money, control it and save it in the process. I reached out to the customer service a couple of years ago and the lady was super helpful. (Edit) However, they've recently cut some of the features that made koho so great, specifically the way you could save money basically pushing you towards the subscription standards, which is a real shame.

Easy to use app, fantastic customer support and super fast credit building! Not a fan of the new look.. Too bold and aggressive. As a long time client, witnessing all the changes over the years, I would prefer to have the freedom to choose the colour and style of my app, especially if the application will continue to see big alterations in regards to the layout. Will continue my business with Koho as they continue to provide excellent services.