Moka

Moka

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Overview

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.

About

Industries

Financial Services, Finance, FinTech, Banking, Artificial Intelligence (AI)

Founded

2015

Employees

11-50

Headquarters locations

Montréal, Quebec, Canada, North America

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Profile Resume

Moka headquartered in North America, operates in the Financial Services, Finance, FinTech, Banking, Artificial Intelligence (AI) sector. The company focuses on Financial Services and has secured $1.1B in funding across 100 round(s). With a team of 11-50 employees, Moka is actively contributing to advancements in Financial Services. Their latest funding round, Seed Round - Moka, raised $376.7K. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Philip Barrar

Philip Barrar

Founder & CEO

imagePlace Sam Beushausen

Sam Beushausen

Designer

imagePlace Blake Edwards

Blake Edwards

Developer

imagePlace Nathaniel Blumer

Nathaniel Blumer

Mobile Application Developer

Funding Rounds

Funding rounds

5

Investors

1

Lead Investors

0

Total Funding Amount

$10.5M

Details

5

Moka has raised a total of $10.5M in funding over 5 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2019Early Stage Venture7.6M
2017Seed
2017Seed554.6K
2015Seed376.7K

Investors

Moka is funded by 18 investors.

Investor NameLead InvestorFunding RoundPartners
Moka-FUNDING ROUND - Moka554.6K
Ferst Capital Partners - FCP-FUNDING ROUND - Ferst Capital Partners - FCP554.6K
Moka-FUNDING ROUND - Moka376.7K
Ferst Capital Partners - FCP-FUNDING ROUND - Ferst Capital Partners - FCP376.7K