Rho is a fintech company behind Rho Business Banking, the only finance platform built from the ground-up to help business teams work better together.
Rho’s products support high-growth businesses with modern services that work for entrepreneurs.
Rho was founded in 2018 by Everett Cook and Alex Wheldon. The company is headquartered in New York.
Rho's product helps eliminate entrepreneurial frustration by providing a full-service digital banking solution that integrates with the tools and services that modern entrepreneurs use to run their businesses.
The Rho Business Banking platform approach consists of a single solution that encompasses both collaborative finance software and commercial-grade banking, which together help businesses save time, money, and effort as they grow.
Rho's annualized transaction volume grew from a little less than $2 billion in December 2020 to a cumulative volume of $3 billion between January and November 2021.
Rho is backed by Dragoneer Investment Group, M13, Community Investment Management (CIM), DFJ Growth, Torch Capital, Inspired Capital, Rogue Capital, and others. The company raised $75M in Series B round on Dec 09, 2021. This brings Rho's total funding to $194.9M to date.