Canadian fintech KOHO has launched Joint Accounts, responding to growing demand for smarter money management tools among younger Canadians. According to the firm’s Canadian Shared Finances Report, developed with Angus Reid, 66% of Canadians value shared finances, yet only 42% currently have a joint account.
CEO Daniel Eberhard said KOHO’s new product simplifies shared spending with up to 2% Cash Back on essentials, 3.5% interest on balances, and integrated budgeting tools. Founded in 2014, Vancouver-born KOHO continues to expand its product suite following its $190 million funding round and the recent launch of International Money Transfers.
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