Rho Raises $150M Series C

Business banking and financial management platform providing corporate cards, treasury management, and AP automation

Key Highlights

Funding Amount: $150M Series C
Valuation: $1.5B
Headquarters: New York, NY
Founded: 2018
Employees: 200-350
Total Raised: $296M

About the Funding Round

Rho has successfully closed $150M Series C in funding, marking a significant milestone in the company's growth trajectory. This investment will enable the company to accelerate product development, expand market reach, and strengthen its position in the fintech sector.

Investor Syndicate

The round was backed by a prestigious group of investors:

Balderton Capital
Inspired Capital
Leaders Fund

This diverse group of investors brings not only capital but also strategic expertise and valuable networks that will help Rho achieve its ambitious goals.

Market Opportunity

The fintech market continues to experience rapid growth, driven by increasing demand for innovative solutions and digital transformation across industries. Rho's unique approach and proven technology position it well to capture significant market share in the coming years.

Company Background

Founded in 2018 and headquartered in New York, NY, Rho has established itself as an innovative player in the fintech space. With 200-350 employees, the company has built a strong team focused on delivering exceptional value to customers.

Next Steps

With this new funding, Rho plans to:

Accelerate product development and innovation
Expand into new markets and geographies
Grow the team across engineering, sales, and operations
Strengthen partnerships with key industry players
Scale infrastructure to support rapid growth

Industry Impact

This funding round represents a strong vote of confidence in Rho's vision and execution. The investment will help drive innovation in the fintech sector and create new opportunities for customers and partners.

For more information about Rho, visit their website or contact their press office.