Rho, a startup bank aimed at high-growth businesses, raises $15M Series A

Rho Technologies, the NYC-based fintech behind Rho Business Banking, has raised a $15 million Series A round led by M13 Ventures with participation from Torch Capital, and Inspired Capital. The company will use the proceeds to further expand their commercial banking platform aimed at high-growth businesses, starting with today’s launch of Rho AP.

The platform is oriented towards companies that need more autonomy in business banking and will map quite well to the current distributed nature of work, post-pandemic.