KOHO is joining Interac’s e-Transfer service directly as a Participant, the companies announced today.
Since 2014, KOHO has been building financial tools for Canadians such as Credit Building, Cover overdraft protection, and RoundUps that are “designed for real life.”
Last year, KOHO was among Canada’s first financial technology firms to become an officially registered Payment Service Provider under the country’s Retail Payment Activities Act.
Under the Bank of Canada, KOHO operates within a nationally recognized framework designed to safeguard user funds, manage operational risks, and ensure ongoing compliance—a strong signal for Interac.
“We are thrilled to welcome KOHO to the Interac e-Transfer service,” stated Interac chief executive officer Jeremy Wilmot.
With this new access, KOHO will be able to offer users a more integrated and innovative Interac e-Transfer experience, according to Wilmot.
“By expanding access to our network, we are enabling more choice and innovation for consumers and businesses across the country,” he said. “We look forward to working with KOHO and other new providers to continue to evolve the digital payment experience for all Canadians.”
Interac “has been Canadians’ go-to for moving money for years, and this approval means our members can now send and receive their funds seamlessly,” says Daniel Eberhard, founder of KOHO.
“KOHO joining the Interac network is a testament to how far we have come, and Canadian consumers are the beneficiaries,” he stated.
KOHO, recognized by Deloitte Canada’s Technology Fast 50 program, last month launched KOHO Crypto, a new feature that allows Canadians to buy, hold, and manage digital assets directly within its app.
“Access has been one of the biggest barriers for the average Canadian to dive into crypto,” said Eberhard commented in April. “By bringing crypto into an environment Canadians already trust, we’re making that access more practical and aligned with how people actually manage their money.”
KOHO Crypto enables users to start trading with as little as $1. The platform supports more than 20 digital assets, including Bitcoin, Ethereum, and Solana, and offers features such as recurring purchases, price alerts, and in-app education tools.
Other recent partnerships involving Interac include the National Bank of Canada as well as Kijiji.
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