Rho

Rho Business Banking is a New York City-based financial technology company that provides a banking platform designed specifically for small- to medium-sized enterprises and the entrepreneurs who run them. It was founded in 2018. The platform can be used by businesses with an employer identification number and local business licenses.

The platform allows companies to create a banking account for their business and gives the companies' team members access to that account. It can be integrated into various platforms, such as Slack, QuickBooks, and Xero. Multiple team accounts can be made for the same company, and there is a feature that allows for budgets to be allocated to each team. Examples of team accounts include internal departments, contractors, subsidiaries, and investments. Team members can be assigned a user type, such as administrator or accountant, and their financial movements can be tracked via an activity log. Team members can also be issued cards that can be used to make purchases for the business.