Avg. Rating: 5.0 (2 reviews)

Moka is a leading saving and investing app in Canada. Moka (formerly Mylo) is on a mission to help Canadians achieve their financial goals. The app makes it easy to grow your money because it automates saving and investing. Download the app, create a goal, link your bank, and you’re good to go!

Moka appearanced on Dragons’ Den winning a deal in 2018 while still operating as Mylo.

Easy investing for everyone. Moka automates investing so there’s no lifestyle change, minimum investment or investing experience required, and you can open an investment account with your cell phone.

  • TIME IN BUSINESS: Since 2017
  • # OF CUSTOMERS: 750,000 App Downloads
Download Moka 642 Rue de Courcelle Floor 4, Montreal, Quebec.
Call Center: Mon - Fri: 9:00AM - 6:00PM EDT
Support Offered:
  • Email Support
  • Web Chat
  • Social Media
  • Mobile App
  • FAQs
Availability: All of Canada

Products Offered

Below are all the products offered by this company.

The original Moka

Offering includes:

● Automated saving and investing

  • Roundups (i.e. automatically round up your purchases and invest spare change)
  • The multiplier: Multiply your spare change by a factor from 1 to 8
  • Recurring weekly deposits and one-time boosts
  • Every Moka account is an investment account. Saving with Moka = Investing with Moka.

● Unlimited tax-fee accounts
● Socially responsible investing
● Cashback Perks
● Round Up to Give, a charity donation feature
● The Referral Program: When you refer someone with your unique link (which you can find in the app) you and that person will both receive $5.

Moka 360

Is a premium plan that users can join in the Moka app. The cost of Moka 360 is $15 per month + tax.

Moka 360 features include:

● All the original features from original Moka

● A tool that automates and accelerates your debt repayment to save you money on interest

● Money-saving insight and personalized advice from your financial coach

● Double cashback Perks from brands like Uber Eats and Apple Music

● AND The Moka 360 Guarantee: Save at least what you pay in fees ($180 annualized) during your first year or Moka will give you $360

How it Works?

Moka rounds up your purchases and invests the spare change in a fully-managed diversified portfolio of Exchange-Traded Funds, according to your financial goal, time horizon, financial profile and risk tolerance. Set up a recurring deposit to put away more money, and open a Tax-free Savings Account and select Socially Responsible Investing to invest smarter. Plus, save more with Moka’s cashback Perks and the Moka Referral Program.


  • Save more. Spend less. Invest smarter.
  • The affordable investing option. They operate on a flat monthly fee (no hidden management fees) and they provide the same services to all of their users, regardless of assets under management.

Frequently Asked Questions About Moka

What is Moka?

Moka, formerly known as Mylo, is an app that helps you achieve your financial goals. With Moka, you save more, spend less and invest smarter.

What is Moka's mission?

Moka (previously Mylo) is on a mission to help people achieve their financial goals with Canada’s #1 saving and investing app.

Is Moka safe?

Moka has been downloaded by 750,000 Canadians, and it rebranded from Mylo to Moka for expansion to France in 2020. To date, Moka has raised $14M in funding, most notably from NAventures, the venture capital division of National Bank of Canada, and Desjardins Capital, the venture capital arm of North America’s largest association of credit unions.

Who can use Moka?

There’s no financial knowledge, minimum investment or lifestyle change required to use Moka, so anyone can start saving and investing towards their financial goals right away.

What features does Moka offer?

Moka automates your saving and investing with their roundup feature and they make it easy to save even more with the multiplier, boosts, and recurring deposits. They also offer TFSAs and RRSPs, socially responsible investing, an easy way to donate to registered charities, and free next day withdrawals.

Are roundups the only way to save with Moka?

A great option to save faster with roundups is the multiplier feature. This feature allows you to multiply your roundups so you can double, triple or multiply your roundups! It's also possible to invest one-time boost amounts and recurring weekly deposits to save more, faster.

How much does Moka cost?

For only $3.99 per month (plus tax), you’ll have access to automated saving and investing features, unlimited fully-managed portfolios, and more. That’s it. No matter how much you invest. That's their base fee. Moka 360 (their premium service) costs $15/month (plus tax) and includes access to their financial coaching, and their debt repayment tool.

Who manages my money?

Every Moka user is advised by a registered Canadian portfolio manager, Tactex Asset Management, Moka's trusted partner. The information you provide during the sign-up process ensures your registered Canadian portfolio manager understands three main things: your financial situation, your risk profile and your financial goals.

How can I sign up for Moka?

First, download the app from the App Store or Google Play. Next, follow the steps to set up your Moka account. The information you provide during the sign-up process ensures your registered portfolio manager understands your risk profile and your financial goals. Once you've completed the sign-up process you can explore the app! A default goal will be created for you and you can click on it to have it customized.

Moka Reviews

Avg. Rating: 5.0 (2 reviews)
So much control

The services are really well explained. And it gives me so much control on how and when I can organize my savings. Well done! I wish I was able to cancel my debt plan myself instead having to send a message. But hey! The customer service is fast to respond and helpful! So it counterbalances.Thanks. (via Google App reviews)

Love it

Love this app! The spare change really adds up, and they invest it for you. I have total peace of mind using this app


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