Rho Technologies Announces $100 Million In Financing To Transform Business Banking
Amount Raised
$100 Million
Round Type
Funding Round
New YorkSoftwareDescription
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.
Quick answer
Rho raised $100 Million in a Funding Round round, dated April 29, 2021. Rho is based in New York, United States.
- How much did Rho raise?
- Rho raised $100 Million in a Funding Round round on April 29, 2021.
- What does Rho do?
- 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.
- Where is Rho based and how big is it?
- Rho is based in New York, United States.
Source: Fundz verified event record.
Who else raised in Software around the same time
Companies in the same sectors as Rho that raised within 45 days of this round, from Fundz verified event records.
- Crusoe raised $128M on April 26, 2021.
- Welcome Tech raised $3M on June 11, 2021.
- Fresha raised $100M on June 11, 2021.
- Fresha raised $100M (Funding Round) on June 11, 2021.
- Snappt raised an undisclosed amount on June 11, 2021.
- Welcome Tech raised $33M on June 11, 2021.
Who to call at Rho, and when
A new round usually means Rho is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Rho raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Rho, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Rho. With Fundz connected, it knows.
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Fundz sees it the moment Rho raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Rho raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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