Rho closes deal with Capital to bolster support for tech startups

Rho closes deal with Capital to bolster support for tech startups

Published: 31-08-2023 10:10:00 | By: Pie Kamau | hits: 3702 | Tags:
August 2023
Tech
USA
Venture Capital & Private Equity

Rho, the all-in-one financial platform organizations can bank on, announced it has completed a transaction to have Capital, the founder-friendly fundraising and banking platform, join Rho. Capital's founders and key team members will leverage their expertise in startups and founder engagement to reinforce Rho's support for tech startups.

With this transaction, Capital's startup customers will also be offered access to Rho's all-in-one finance platform's capabilities, including:

  • 'One-Click AP', designed to process, interpret, check, validate, and schedule thousands of payables using any payment method and automate the actions of approvals, compliance, and reconciliation across your organization at scale in one click.
  • Treasury Management Account, which provides clients with access to up to $75 million in FDIC deposit insurance per entity.
  • Rho Prime Treasury, which helps businesses with more than $1 million in liquid assets invest directly in short-dated government securities held in their name.

 

Everett Cook, CEO and Co-founder of Rho: "We're thrilled to welcome the Capital team to Rho. We believe their expertise will greatly complement our existing offerings, and we look forward to working together to provide even better financial solutions to our customer base."

Capital, which was founded by Jordi Hays and Sarah Chase in March 2021, has leveraged consumer marketing tactics to build a viral fintech brand with a cult-like following of founders. Propelled by the platform's flagship fundraising tool and initiatives like New York Tech Week, Capital established a loyal following of swiftly-growing startups.

Jordi Hays, Co-founder and CEO, Capital: "As founders ourselves, we set out to build a banking platform that leverages our acute understanding of founders' needs. We're excited to join Rho and help them continue to grow and evolve their business, and we look forward to working together to continue building modern financial solutions for founders.

www.rho.co