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Rho Technologies Announces $100 Million In Financing To Transform Business Banking

Rho Technologies Announces $100 Million In Financing To Transform Business Banking

04/29/21, 12:06 PM
Money raised
$100 million
Industry
software
Rho Technologies, the high-growth fintech behind Rho Business Banking, announced $100 million in debt financing from global impact investment firm, Community Investment Management (CIM). The financing will allow Rho to invest in strategic initiatives and broaden its service offerings to business clients including names like direct-to-consumer furniture company Burrow, collaboration software company Popular Pays and direct-to-consumer home goods company Caraway.

Company Info

Company
Rho
Additional Info
Having previously co-founded U.K. fashion search platform Lyst, Trepca previously consulted with Rho and was involved in the redesign that the startup is unveiling alongside its funding announcement.