Moka

About:

Moka (previously Mylo) is Canada’s #1 saving and investing app.

Website: https://moka.ai

Twitter/X: morewithmoka

Top Investors: Anges Quebec, Desjardins Venture Capital, NAventures, Ferst Capital Partners - FCP, Tactico

Description:

Moka (previously Mylo) is Canada’s #1 saving and investing app and we're on a mission to help people around the world achieve their financial goals. Moka makes it easy to save more, spend less, and invest smarter. The Moka app automatically rounds up your everyday purchases and invests the spare change, which makes it possible for everyone to start investing with no minimum investment, lifestyle change or financial knowledge required. Since launching in 2017, the app has been downloaded by 750,000 Canadians and earned thousands of 5-star reviews. In 2020, the company rebranded from Mylo to Moka and expanded to France to make it possible for more people to round up —but investing spare change is just the first Moka feature designed to help people save more, spend less, and invest smarter. Moka is developing new products driven by AI and human expertise that will reduce expenses, accelerate debt repayment, provide financial coaching, deliver valuable cashback rewards, and ultimately empower everyone to make the most of their money.

Total Funding Amount:

13.8M CAD

Estimated Revenue Range:

$1M to $10M

Headquarters Location:

Montréal, Quebec, Canada

Founded Date:

2015-01-01

Contact Email:

support(AT)moka.ai

Founders:

Philip Barrar

Number of Employees:

11-50

Last Funding Date:

2019-11-05

IPO Status:

Private

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