Rho

Rho is a comprehensive finance automation platform designed to support startups, small to medium-sized businesses (SMBs), and middle-market companies. It offers a suite of integrated financial tools, including corporate credit cards with built-in spend controls, automated expense management, accounts payable automation, business banking, and treasury management. This platform allows businesses to manage their finances efficiently by streamlining processes such as expense reporting, invoice processing, and cash management.

Key features of Rho include its corporate cards, which offer up to 1.25% cashback on spending, along with robust expense management tools that simplify reimbursement processes. The accounts payable automation feature helps prevent invoice fraud by automating the end-to-end payment process. Additionally, Rho provides a bespoke treasury management solution that allows companies to invest excess cash in short-dated government securities. The platform integrates with popular accounting software like QuickBooks Online, Oracle NetSuite, and Microsoft Dynamics 365 Business Central.

Rho's business banking services are notable for offering fee-free transactions, including same-day ACH transfers and domestic wires. This makes it particularly suitable for digitally native businesses that frequently move large sums of money. However, it does not support cash transactions, making it less suitable for businesses that handle cash regularly. Overall, Rho provides a holistic financial management solution that helps businesses optimize their financial operations and scale efficiently.