Endeavor Welcomes Daniel Eberhard of KOHO Financial as Canada’s Newest Endeavor Entrepreneur
Daniel Eberhard, CEO of KOHO Financial, was selected as an Endeavor Entrepreneur at Endeavor’s 45th Virtual International Selection Panel (ISP).
Endeavor Canada is welcoming our newest entrepreneur to the network, Daniel Eberhard, CEO & Founder of KOHO Financial. KOHO becomes the fourth Canadian company to join the Endeavor community alongside Symend, Certn, and SRTX.
Founded in 2014, KOHO is on a mission to make banking accessible to all Canadians and improve the lives of millions through affordable and accessible financial products. It offers a modern, mobile-first approach to personal finance rooted in the belief that all Canadians deserve access to high-quality financial products and services. KOHO offers four main products: a high-interest savings account, a card, a credit-building product, and an overdraft protection product. Across all of its products, KOHO relies on the promises of no hidden fees, no fine print, and no catch.
KOHO announced an $86M CAD Series D extension at a $800M valuation in December 2023. As part of the announcement, the company also shared that it had surpassed one million users and a $100M run rate. Over 100,000 Canadians now use KOHO’s credit builder product to improve their credit scores underscoring the company’s large and growing impact on improving the financial well being of Canadians who are feeling financial pressure in today’s economy. Today, KOHO is the fastest growing neobank in Canada and shows no signs of slowing.
KOHO’s founding story is rooted in Daniel’s personal experience with Canadian banking and a deep seated desire to introduce competition and open banking practices to the Canadian banking industry. His previous company, Kineticor, was sold to Algonquin Power & Utilities in 2011. After this exit, Daniel spent several years angel investing in early start-up companies and mentoring young founders until he came up with the idea for KOHO in 2014. Since then, Daniel has been pursuing the mission of empowering Canadians through high quality and affordable financial products.
“Daniel embodies Endeavor’s most important values through his ambition, desire for impact, and commitment to creating a multiplier effect by giving back and investing in the next generation of founders. He is the type of leader we want showcasing our values within Canada and around the world and the type of innovator Canada needs to help address its challenges in lagging productivity and financial inclusion. ” – Kristjan Sigurdson, Endeavor Canada
Throughout Daniel’s selection journey, which is designed to add value while candidates are evaluated for selection, he received feedback and input from Endeavor’s Canadian and international network including from: Susan Anderson of Digital Commerce Bank, Chen Fong of Pureweb Inc., Chris Huskilson of Algonquin, Jim Estill of Danby Appliances, Lindsay Machan of Angiotech Pharmaceuticals, Mike Mannix of Band Capital Partners, Paul Desmarais III of Sagard, Kelvin Teo of Funding Societies, Aldi Haryopratomo of GoPay, and Matt Harris of Bain Capital Ventures. Daniel’s ISP panelists include Erika Rottenberg of the Chan Zuckerberg Initiative (CZI), Bryant Christanto of Paxel, Veronica Serra of Innova Capital, Jason Borschow of Abarca Health, Arvind Rajan of Cricket Health, and Jason Wenk of Altruist. We are grateful to all of these mentors, and panelists who shared their candid input, and have opened up their networks to Daniel and his team, embodying Endeavor’s “Pay it Forward” mentality.
“Daniel exemplifies the qualities of an Endeavor Entrepreneur through his innovative approach to financial inclusion, proven leadership, and significant business achievements with KOHO Financial. His inclusion in the Endeavor network will not only amplify his impact but also inspire a new generation of entrepreneurs.” – Jason Wenk
Huge congratulations to Daniel, we are delighted to welcome you to the Endeavor network!