Rho Technologies

Founded in 2018 in New York, Rho Technologies Inc. focuses on delivering a comprehensive financial platform for businesses. The company was established by co-founders Alex Wheldon, Damian Kimmelman, Everett Cook, and Kaylynn Mayo.Rho is a fintech company that provides a comprehensive financial platform aimed primarily at startups and small to mid-sized businesses. Its core offerings include business checking and savings accounts, corporate credit cards, expense management tools, and a bill pay service. These products are designed to streamline financial operations by eliminating traditional banking fees, enhancing cash management, and automating expense reporting. The business checking accounts come with benefits like zero ACH fees and up to USD 75 mn in FDIC insurance, while the Rho Treasury service allows customers to earn competitive interest on idle cash.Rho generates revenue through a variety of channels linked to its financial services. The primary structure includes transaction fees associated with managing accounts and using corporate credit cards, as well as potential revenue from its treasury services. For instance, businesses using Rho's corporate credit cards can earn up to 2% cashback on their spending, thus encouraging more transactions on the platform. Additionally, Rho's fee-free bill pay service facilitates payments to numerous vendors, creating further engagement with its offerings.00 mn in October 2021, Rho Technologies plans to further invest in innovation aimed at simplifying finance operations for organizations. Rho is also expected to explore expansion into new markets, although the specific regions or timelines for these plans have not been disclosed.

1. Series B

   Oct 28, 2021

   Amount

   $75M

   Investors

   Locked

2. Series A

   Oct 29, 2020

   Amount

   $15M

   Investors

   Locked

3. Seed

   Jan 20, 2020

   Amount

   Undisclosed

   Investors

   Locked

4. Seed

   Aug 8, 2019

   Amount

   $2.5M

   Investors

   Locked