# Rho

> Rho is a New York-based financial technology company that bundles business banking, corporate cards, treasury, accounts payable automation, and expense management into a single fee-free platform. Built for startups, mid-market companies, and accounting firms, Rho positions itself as a 'financial operating system' that replaces the patchwork of legacy banks and disconnected finance tools that growing companies usually stitch together.

- **Founded:** 2018
- **Headquarters:** New York, United States
- **Founders:** Everett Cook (Co-Founder & CEO), Alex Wheldon (Co-Founder, President & Chief Product Officer), Damian Kimmelman (Co-Founder)
- **Team size:** ~250-355 employees
- **Products:** Business Checking & Banking, Corporate Cards, Treasury Management, AP Automation, Expense Management
- **Notable:** Raised over $235M across 6 funding rounds from 22 investors, Became the first member of the Coalition for Financial Ecosystem Standards (CFES), Gained significant customers following the March 2023 Silicon Valley Bank failure

## Products & services

- **Business Checking & Banking** — Fee-free, FDIC-insured deposit accounts via partner banks, with up to $75M in FDIC coverage through deposit sweep programs.
- **Corporate Cards** — Corporate credit and charge cards with built-in spend controls, real-time expense tracking, and virtual cards.
- **Treasury Management** — Cash management tools to put idle cash to work in treasury products like T-bills and money market funds.
- **AP Automation** — AI-powered accounts payable: invoice scanning, automated approval workflows, reconciliation, and bill pay.
- **Expense Management** — Spend policies, approval workflows, reimbursements, and real-time spend monitoring integrated with accounting software.

## Achievements

- Raised over $235M across 6 funding rounds from 22 investors
- Became the first member of the Coalition for Financial Ecosystem Standards (CFES)
- Gained significant customers following the March 2023 Silicon Valley Bank failure
- Launched AI-powered AP automation for CFOs and finance teams in August 2023
- Expanded headquarters to 13,000 sq ft at 100 Crosby Street, NYC in September 2025

## Latest updates

- **2026-01** — Rho and Stripe announced a partnership to help founders launch faster and scale smarter.
- **2025-09** — Expanded headquarters to 13,000 square feet at 100 Crosby Street in New York.
- **2023-08** — Unveiled AI-powered AP automation for CFOs and finance teams.

## Links

- Website: https://www.rho.co
- LinkedIn: https://www.linkedin.com/company/rhobusiness
- Twitter/X: https://twitter.com/rhobusiness
- YouTube: https://www.youtube.com/@rhobusiness
- Facebook: https://facebook.com/rhobusinessbanking/

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Profile page: https://yespress.io/rho
Published by YesPress — https://yespress.io
Last updated: 2026-06-07