About Rho
Rho is business banking for US startups and small companies. It combines a checking account, corporate cards and back-office tools in one place.
What it does
Rho offers business checking and savings, corporate cards, and tools for expenses, invoicing and bill payment. It also includes a SAFE note generator and a close tool for finishing the books each month. Rho is a fintech company rather than a bank, so account and card services are provided by a partner bank.
Key features
- Business checking with no ACH fees
- Corporate cards with expense management
- Receipts and approvals captured for spend
- Invoicing and bill pay for vendors
- SAFE note generator for investor documents
Who it's for
Rho is aimed at startups, growing businesses and the accountants who work with them. The site has separate pages for startups, small businesses and enterprises, and a partner portal for accountants. It also offers company formation for Delaware C-Corps and LLCs.
Pricing and good to know
Fees are set per product. The SAFE note generator is described as free, and business checking is said to have no ACH fees. The cards offer a cashback option with terms that apply. Check the terms before applying, since cashback and deposit insurance depend on the product you choose.
Highlights
- Open a business checking account with no ACH fees
- Issue corporate cards with expense management
- Capture receipts and approvals for spend
- Send invoices and pay vendors with bill pay
- Generate a SAFE note for investors
