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KOHO Launches Metal Card, Redefining Premium Banking

December 5, 2024 by Fintech Newsdesk Leave a Comment

KOHO has introduced its Metal Card, a durable and stylish product aimed at making premium financial tools accessible to more consumers.

Made from titanium and stainless steel, the card combines a premium design with practical benefits and is available to anyone enrolled in KOHO’s Everything plan.

The Everything plan offers users benefits such as 5% interest on balances, 2% cash back on groceries, dining, and transportation, and up to 5% extra cash back at select merchants. Unlike traditional metal cards, KOHO’s Metal Card does not require a credit score or high income, making it a more inclusive option for consumers.

RELATED: KOHO is hiring on Techtalent.ca

This launch follows KOHO’s recent $190 million funding round, which includes $40 million in equity and $150 million in debt. The funding will support KOHO’s growth, expand its lending operations, and help the company move closer to obtaining a Schedule 1 bank license.

With the Metal Card, KOHO continues its mission to make financial products more accessible and user-friendly.

Filed Under: News Tagged With: Purpose Investments, Round13 Digital Asset Fund

 
 

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