Draft:Rho Business Banking
Submission declined on 23 February 2025 by AlphaBetaGamma (talk).
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|  |
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2018 |
| Founders | Everett Cook |
| Services | Business banking, corporate cards, treasury management, expense management |
| Website | rho.co |
Rho is a financial technology company based in the United States that provides a suite of financial services, including business banking, corporate cards, treasury management, and expense automation. The company serves mid-sized and enterprise businesses by integrating banking and financial operations into a single platform.
Business Banking
[edit]Rho's core offering is its business banking platform, which provides FDIC-insured checking accounts and financial automation tools designed for businesses. Features of Rho's banking services include:
- Fee-Free Business Checking – Rho offers business checking accounts with no account maintenance fees.
- Payment Capabilities – The platform supports ACH transfers, wires, and check payments.
- Financial Automation – Automated tools help businesses streamline financial workflows, including accounts payable and reconciliation.
- Multi-User Access – Companies can assign roles and permissions to manage banking operations efficiently.
Additional Products and Services
[edit]Beyond business banking, Rho provides other financial services, including:
- Corporate Cards – Customizable corporate credit cards with real-time tracking and spend controls.
- Treasury Management – Automated treasury solutions that help businesses manage liquidity and optimize returns.
- Expense Management – Tools for tracking and managing business expenses with integrated approvals and reporting.
Technology and Features
[edit]Rho integrates with accounting and enterprise resource planning (ERP) software, offering financial automation and insights. Key features include:
- Accounts Payable Automation – Businesses can streamline invoice processing and payments.
- Spending Analytics – Real-time financial dashboards provide visibility into company finances.
- Software Integrations – The platform connects with QuickBooks, NetSuite, Xero, and other financial tools.
Funding and Investors
[edit]Rho has raised a total of over $205 million from investors including Dragoneer Investment Group, M13, Torch Capital, Inspired Capital, 01 Advisors and others.[1]
Customer Satisfaction and Reviews
[edit]Rho has been reviewed on software comparison platforms such as G2, where it has been noted for its customer support and ease of use.[2]
Competitors
[edit]Rho operates in the business financial services sector, where it competes with companies such as Brex, Ramp, and Mercury.
See Also
[edit]References
[edit]- ^ "Rho raises $75M to grow its business banking platform". TechCrunch.
- ^ "Rho Reviews and Ratings". G2.
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