GoldenGolden
Rho Business Banking

Rho Business Banking

A digital banking service for entrepreneurs. It was founded in 2018 and is located in New York City.

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

Product

The platform allows for 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 which 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 will be tracked via an activity log.Team members can also be issued cards that can be used to make purchases for the business.

Timeline

January 2021
Rho Business Banking raises a $15,000,000 series A round from Inspired Capital, M13 and Torch Capital.
October 2019
Rho Business Banking raises a $4,900,000 seed round from Alexa von Tobel and Inspired Capital Partners.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Rho Business funding round, October 2019
4,900,000
October 2019
3 Results
Results per page:
Page 1 of 1

People

Name
Role
LinkedIn

Alex Wheldon

Co-Founder

Everett Cook

Co-Founder

Further reading

Title
Author
Link
Type
Date

A serial entrepreneur tells us what it takes to start a business and what makes fintechs... - Business Insider

Shannen Balogh

Web

December 12, 2019

Meet The Digital Banking Startup That Just Closed $4.9M And Came Out Of Stealth

Natasha Mascarenhas

Web

October 15, 2019

Documentaries, videos and podcasts

Title
Date
Link

Rho Business Banking

January 23, 2020

Rho launches new TeamCard and TeamAccounts

January 6, 2020

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
AlleyWatch
November 13, 2020
AlleyWatch
The Pulse of New York Tech

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.