Rho, a start-up bank focused on high-growth organizations, raises $15M Series A led by M13 Ventures
Rho Technologies, the NYC-based fintech behind Rho Service Banking, has raised a $15 million Series A round led by M13 Ventures with involvement from Torch Capital and Influenced Capital. The company will use the earnings to more expand their business banking platform aimed at high-growth organizations, beginning with today’s launch of Rho AP. The platform […] The company will utilize the proceeds to more broaden their industrial banking platform aimed at high-growth businesses, beginning with today’s launch of Rho AP. Rho AP expands on the core banking platform by enabling business to run full accounts payable lifecycles right within Rho, suggesting invoices are submitted, approved, coded and paid– all within Rho. Latif Peracha, general partner at M13 and board member at Rho stated: “We knew Rho had product-market fit when we found that several of our portfolio companies which span different sectors and sizes selected Rho for their banking requirements. …
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