The Work Index by Flexa

KOHO

KOHO is a Canadian fintech company that offers a variety of financial products and services to help Canadians manage their money better.

6.9

/10

Transparency ranking

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Description

KOHO is a Canadian Fintech company that aims to empower Canadians to build a strong financial foundation with easy-to-manage products. They offer a no-fee spending and savings account with a prepaid Mastercard, allowing users to earn cash back, build credit history, and earn interest on their balance. KOHO emphasizes transparency and offers features such as a free credit score, instant e-transfers, and a budgeting app with spending insights.

The company has achieved significant growth since launching in 2017, gaining a loyal customer base of over 1 million users. They have secured over $320M in funding from leading investors worldwide and are dedicated to innovating and introducing new features to their platform, including upcoming offerings such as cash deposit, photo check deposit, free ATMs, Pay Later, and rent reporting. KOHO is dedicated to making financial management simpler and more accessible for all Canadians.

Flexibility

KOHO is a remote-first company that offers employees the flexibility to work from anywhere in Canada. They provide a budget for setting up a home office and offer other benefits that promote work-life balance, such as company-wide wellness days, winter holiday closure, personal days, a wellness spending account, and a maternity and parental leave top-up.

Remote

Benefits

KOHO provides a comprehensive suite of employee benefits designed to support employee well-being and career growth. These benefits include company-wide summer wellness days, winter holiday closures, generous personal days, a wellness spending account, and a maternity & parental leave top-up. KOHO also promotes a remote-first work environment, offering employees the flexibility to work from anywhere in Canada with a budget for home office setup. The company prioritizes professional development, offering access to an in-house certified performance coach and an annual training budget, and provides twice-yearly salary assessments to ensure employees are fairly compensated. Finally, all KOHO employees receive a generous equity stake in the company with a 10-year exercise window, allowing them to share in the company's success.

Enhanced parental leave
WFA scheme

Mission

KOHO is a Fintech company based in Canada that aims to revolutionize financial freedom for Canadians by providing accessible, transparent, and user-friendly financial products and services. They believe in empowering individuals to manage their finances effectively, offering features like cash back rewards, interest-earning accounts, and credit building tools, all without hidden fees or complicated fine print. Their mission is to make financial health achievable for all Canadians, regardless of their financial background or experience.

Data-driven
Disruptor
Improving quality of life/health
Social impact led
Tech for good

Culture

KOHO promotes a culture of collaboration, creativity, and diverse perspectives, emphasizing transparency and open communication. They value warmth, dynamism, and a user-first approach, while discouraging cynicism and complacency. This translates to a supportive environment where employees are encouraged to contribute, grow, and feel like owners in the company's success, fostered through various initiatives like generous equity offerings, remote-first work options, and a focus on employee well-being.

Agile and dynamic
Autonomous
Collaborative
Entrepreneurial
Fast-paced
People-first
Progressive
Supportive
Transparent

DE&I

KOHO is committed to fostering an inclusive and accessible work environment for all employees. Their stated goal is to build a culture that celebrates diversity, embraces different perspectives, and provides equal opportunities for all individuals. KOHO offers transparency around compensation, promotes a remote-first work model, and provides resources and support to help employees reach their full potential.

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