Canada's Koho tams up with LoanPro

Koho, a major Canadian fintech, is upgrading its lending infrastructure through a new partnership with LoanPro. For retailers and service providers, this signals a shift toward more flexible and personalized credit products for consumers. Koho currently offers credit building and cash advances. By integrating a more robust lending platform, they can now launch more sophisticated financing options faster. The technical side of lending often slows down how quickly new financing programs reach your customers. This partnership removes those hurdles for Koho. It allows them to scale their credit offerings while keeping the user experience seamless. While this specific news is centered on the Canadian market, it highlights a global trend. Fintechs are moving away from rigid, legacy banking systems in favor of modular platforms. For your business, this means the tools your customers use to pay are becoming more capable. Expect to see Koho roll out new ways for users to manage debt or access capital at the point of sale. If you have a customer base that relies on fintech apps rather than traditional big-bank credit cards, these infrastructure upgrades directly improve their purchasing power at your storefront.

Source: Finextra — Lending

← Return to the library· Submit a correction