Friday, May 14, 2021

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Rho Technologies: Raises $100M in Financing

  • Rho Technologies, the NYC-based fintech company providing a business banking platform, raised $100m in debt financing
  • Global impact investment firm Community Investment Management provided the financing
  • The company also intends to use the funds to invest in strategic initiatives and broaden its service offerings to business clients
  • Rho Technologies is a fintech company providing the Rho Business Banking, a finance platform built to allow business teams to work together
  • The platform’s approach consists of a single solution that encompasses both collaborative finance software and commercial-grade banking, which together help businesses save time, money, and effort as they grow
  • To date, the company has raised $20m of equity capital from institutional investors, including Inspired Capital, M13 Ventures, ConsenSys, and Torch Capital

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