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Rho logo — The new standard for business banking.

Rho

The new standard for business banking.

Founded 2018 United States New York, United States 337 employees Series B Total: $197.17M Fintech, Banking

General Information

Company Name Rho
Founded Year 2018
Location United States New York, United States
Employees 337
Industries Fintech, Banking
Funding Stage Series B
Business Model B2B, Platform, Embedded Finance
Revenue Model Usage Based, Service Fee, Transaction Fee
Social

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AI Insight

Bounce Watch AI
1 month ago

Rho is strategically expanding its value proposition for startups by launching a rapid company incorporation service and fostering community engagement through a hackathon. These product and marketing initiatives are supported by significant operational growth, indicated by 33 new job openings, and the reaffirmation of a critical banking partnership. The extensive website update likely reflects these new offerings and enhanced capabilities, signaling a concerted effort to scale and deepen its market penetration.

Signal Types
Product Launch Hiring Partnership Marketing Event Platform Update
Strategic Labels
Product Expansion Customer Acquisition Operational Scaling
Next Move: Scaling
·
Impact: 8/10
·
Ideal For: Growth-stage Fintech VCs — Series B/C

About Rho

Rho, founded in 2018, is a burgeoning player in the Fintech and Banking industries headquartered in the United States. Positioned as "The new standard for business banking," Rho offers a modern banking platform specifically designed to simplify financial operations for startups. Their all-in-one solution enables users to open accounts swiftly, issue cards, manage expenses, pay bills, and finalize accounting with the support of real human assistance.

In terms of financial backing, Rho secured a significant $75.00M Series B investment on 01 December 2021. Notable investors such as DFJ Growth, Inspired Capital, Torch Capital, M13, and Dragoneer Investment Group participated, demonstrating confidence in Rho's potential to innovate and disrupt traditional business banking.

Business keywords: modern banking platform, startup banking, expense management, bill payment solutions, financial integration, corporate finance, expense tracking, AP management, treasury management, month-end close solutions, accounting software integration, corporate cards, workflow efficiency, financial control and visibility

Services & Products

Business Banking
Business Savings
Corporate Cards
Cash Management and Treasury
Expense Management
Automated Bill Pay
Incorporation Services

Target Customers

Startups Small Businesses Enterprises Consumer Brands Accountants Fractional CFOs

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $75.00M 5
DFJ Growth Inspired Capital Torch Capital
DFJ Growth, Inspired Capital +3
01 Dec 2021
Debt Financing $100.00M 1
Community Investment Management
Community Investment Management
01 Apr 2021
Series A $15.00M 8
Inspired Capital Torch Capital M13
Inspired Capital, Torch Capital +6
01 Jan 2021
Seed $4.90M 1
Inspired Capital
Inspired Capital
01 Oct 2019
Seed $2.27M 1
ConsenSys Mesh
ConsenSys Mesh
01 Oct 2018

Rho Alternatives & Competitors

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Rho vs
Aspire
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FAQ About Rho

The new standard for business banking.
Rho was founded in 2018.
Rho is headquartered in New York, United States.
Rho operates in Fintech and Banking. Its work centres on modern banking platform, startup banking, expense management and bill payment solutions. Its customers include Startups, Small Businesses and Enterprises.
Rho has a B2B, Platform and Embedded Finance business model. Its revenue comes from Usage Based, Service Fee and Transaction Fee.
Rho has approximately 337 employees.
Rho has completed 5 funding rounds, raising a total of $197.17M. The latest funding stage is Series B.
Rho offers: Business Banking, Business Savings, Corporate Cards, Cash Management and Treasury, Expense Management, Automated Bill Pay, Incorporation Services.
Top alternatives and competitors to Rho include Aspire, Brex, Relay, Countingup, Alaan. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Rho and Aspire are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Rho, https://bouncewatch.com/company/rho, updated 10 September 2026. When citing, please name BounceWatch and link this page.

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