Rho logo
Enterprise SaaS
Fintech/Payments

Rho

Streamlining business finance operations

CORE INFO

$207.17M
Total Funding
Series B
Round
2018
Founded
329
Team Size
New York, NY
Headquarters

Rho is a financial technology company that offers an integrated platform to simplify and automate financial operations for businesses, including business banking, corporate cards, and expense management. Their services are tailored for startups and mid-sized businesses looking to streamline their financial processes.

  • Rho raised $75 million in a Series B funding round led by Dragoneer Investment Group in December 2021.techcrunch.com
  • Rho handles over $2 billion in annualized transaction volume as of late 2021.techcrunch.com
  • Tearsheet reported on Rho's launch of an AI-powered accounts payable product, highlighting its impact on traditional processes.tearsheet.co

WHY WE WOULD WORK AT RHO

Transformative Mission

Join a team dedicated to making finance frictionless for businesses, allowing them to focus on growth instead of tedious financial tasks.

Dynamic Team Culture

Work alongside a diverse group of approximately 329 talented individuals who are passionate about revolutionizing financial operations for startups and mid-sized businesses.

Competitive Compensation

Benefit from a strong funding background with over $207 million raised, ensuring competitive salaries and resources for employee growth.

Rapid Growth Opportunities

Be part of a fast-growing fintech company that has handled over $2 billion in annualized transaction volume, offering ample opportunities for career advancement.

Innovative Technology

Engage with cutting-edge financial technology that integrates banking, expense management, and treasury services, streamlining operations for clients.

Impactful Work

Contribute to a mission that directly helps businesses reduce administrative burdens, making a tangible difference in their financial management.

MARKET AND TRACTION

GROWTH TACTICS

  • Rho focuses on automating financial operations to reduce administrative burdens for businesses.

  • The company targets startups and mid-sized businesses, aiming to streamline their financial processes through an integrated platform.

  • Rho has expanded its offerings by launching new products, such as an AI-powered accounts payable solution, to enhance its service portfolio.
  • KEY METRICS

    ✦ KEY METRIC
  • Rho handles over $2 billion in annualized transaction volume as of late 2021, showcasing significant operational scale.

  • The company has raised a total of approximately $207.17 million across multiple funding rounds, indicating strong investor confidence and financial backing.

  • Rho employs around 329 people, reflecting its growth and commitment to expanding its team to support business operations.
  • TOTAL ADDRESSABLE MARKET

  • Rho serves a diverse range of sectors, primarily focusing on startups and mid-sized businesses that require efficient financial management solutions.

  • The demand for fintech solutions is growing as businesses increasingly seek to automate and streamline their financial operations, positioning Rho well within a rapidly expanding market.
  • COMPETITIVE ADVANTAGE

  • Rho partners with FDIC-insured banks to offer deposit accounts and financial tools without operating as a bank itself, providing a unique value proposition in the fintech space.

  • The company's integrated platform combines multiple financial services, such as banking, expense management, and treasury services, which enhances user experience and operational efficiency.
  • SERVICES

  • Rho offers a comprehensive suite of services including business banking, corporate cards, expense management, and treasury services.

  • The platform is designed to automate tasks such as expense tracking and bill payments, allowing businesses to focus on growth rather than administrative tasks.
  • PRODUCT AND TECH

    Integrated Financial Platform

    Rho offers an integrated platform that combines business banking, corporate cards, expense management, and treasury services, streamlining financial operations for businesses and reducing administrative burdens.

    Expense Management Tools

    Rho's expense management tools automate tasks such as expense tracking and bill payments, allowing businesses to manage their finances more efficiently and focus on growth.

    Corporate Cards

    Rho provides corporate cards that facilitate spending management for businesses, enabling easier tracking and control over company expenses.

    Treasury Services

    Rho's treasury services help businesses manage cash flow and liquidity effectively, ensuring they have the financial resources needed for operational success.

    Partnership with FDIC-Insured Banks

    By partnering with FDIC-insured banks, Rho offers secure deposit accounts and financial tools without operating as a bank itself, enhancing trust and reliability for its clients.

    COMPANY CULTURE

    Values

  • Commitment to making finance frictionless

  • Focus on innovation and automation

  • Dedication to customer-centric solutions

  • Emphasis on teamwork and collaboration

  • Integrity in financial operations
  • Operating Principles

  • Streamlining business finance operations

  • Utilizing technology to reduce administrative burdens

  • Partnering with FDIC-insured banks for secure services

  • Continuous improvement of financial tools and services
  • Benefits

  • Opportunities for professional growth and development

  • Collaborative work environment fostering creativity

  • Flexible work arrangements to support work-life balance

  • Competitive compensation and benefits packages
  • Team Cadence

  • Regular team meetings to align on goals

  • Open communication channels for feedback and ideas

  • Agile approach to project management and execution

  • Celebrating team successes and milestones together
  • Learning & Growth

  • Encouragement of continuous learning and skill development

  • Access to training resources and workshops

  • Mentorship programs to support career advancement

  • Exposure to diverse projects across various sectors
  • COMPENSATION SNAPSHOT

    D
    Comp score vs cohort
    vs. Enterprise SaaS · Series B · US
    Based on publicly available compensation ranges from job postings; exact compensation may vary.
    Designn = 5
    $160K – $260Kmedian $210K
    Aggregate
    Operationsn = 4
    $115K – $125Kmedian $120K
    Aggregate
    Product ICn = 3
    $165K – $320Kmedian $243K
    Aggregate
    Sales ICn = 10
    $83K – $115Kmedian $99K
    AustinLos Angeles / Bay Area
    US-only in v1 · only categories with n > 2 shown · in-person / hybrid / remote treated separately where n ≥ 3