Rho

Rho is an all-in-one business finance platform combining banking, corporate cards, expense management, AP automation, and treasury services for startups and scaling companies.

Founded in 2018 and headquartered in New York City, Rho provides FDIC-insured checking accounts through Webster Bank, N.A., with up to $75M in expanded FDIC coverage across a network of over 400 partner banks via its savings product.

The platform enables finance teams to open accounts in minutes, issue unlimited virtual and physical Mastercard corporate credit cards with real-time spend controls, automate accounts payable with AI-powered invoice processing, and sync transactions directly to accounting software like QuickBooks, NetSuite, Sage Intacct, and Xero.

Rho offers zero-fee domestic ACH transfers, same-day ACH, free wire transfers, and competitive treasury yields through its SEC-registered investment advisory subsidiary.

The platform serves businesses from inception stage through IPO with no subscription fees, no per-user fees, and no minimum balance requirements on checking accounts.

Backed by over $350 million in total equity and debt financing from investors including Dragoneer Investment Group, DFJ Growth, and M13 Ventures, Rho was a founding member of the Coalition for Financial Ecosystem Standards alongside Stripe, Block, and Mercury.

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