Compare Wise and Koho

How do Wise and Koho compare?

Wise (formerly known as TransferWise) and Koho are two mobile banks that offer digital financial services to their customers. While both companies provide innovative features and user-friendly interfaces, they have different areas of focus and target audiences.

Wise is focused on providing international money transfers and currency exchange services, with its platform allowing users to send money internationally at low costs, with transparent fees and exchange rates. Additionally, Wise offers multi-currency accounts, debit cards, and a range of other financial services.

Koho, on the other hand, is more focused on providing a mobile banking solution that helps users manage their finances and save money. Its platform allows users to set financial goals, automate savings, and track their spending. Koho also offers a range of additional services, such as bill payments and peer-to-peer transfers.

In terms of pricing, both Wise and Koho offer free basic accounts, with additional fees for certain services. Koho offers a range of paid subscription plans with additional features, such as cashback rewards and higher transaction limits.

Overall, both Wise and Koho offer unique digital banking solutions that appeal to different customer segments. Wise may be more attractive to users who frequently send money internationally or need multi-currency accounts, while Koho may be a better fit for users looking for a mobile banking solution that helps them manage their finances, set goals, and save money.