KOHO offers short-term cash advances via Cover feature

Canadian fintech company KOHO offers a short-term liquidity feature called Cover, designed to help eligible account holders manage small cash-flow gaps. The service allows users to access up to $250 through the app to cover unexpected expenses or timing mismatches between bills and paydays.

While the feature does not charge interest on the advance itself, it is part of a paid subscription bundle. The service aims to provide an alternative to traditional payday loans or high-interest credit card cash advances, which can carry significant costs. The product is specifically available to KOHO account holders in Canada.