Canadian neobank Koho seeks new CTO
Canadian neobank Koho is looking for a new chief technology officer (CTO) as Kris Hansen steps back after three years.
Kris Hansen steps back from Koho to Portag3 Ventures
Hansen says he is returning to work with venture capital firms Portag3 Ventures and Diagram Ventures to start his “next adventure”.
Hansen is also CTO at Portag3, having held onto the role while working with Koho.
Portag3 Ventures secured $320 million in funds back in December 2019 to power up its investment in early-stage fintechs.
Koho, founded in 2014 and based in Toronto, claims to have amassed more than 120,000 accounts and $500 million in annualised transactions.
The neobank describes itself as an alternative banking platform. It says it’s on a mission to “restore financial balance” of all Canadians.
It offers full-service individual and joint banking accounts. These come with a prepaid Visa card, which is issued by Peoples Trust Company.
The firm has raised $57.5 million to date over six rounds. Its latest, a Series B in November 2019, netted Koho $18.8 million.
The firm writes on its website that its dream CTO is “a career polyglot technologist who understands the business dynamics and can fashion simple and graceful solutions where others only see challenges”.
Related: Challenger banks in Canada: who’s who and what’s their tech
