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New York based Digital Banking Fintech Rho Technologies Acquires $15 Million via Series A Round led by M13 Ventures
New York-based
Rho Technologies, a Fintech firm developing a platform focused on supporting business banking services, has acquired $15 million in capital through a Series A funding round – which was led by M13 Ventures.
Rho’s investment round was also joined by Torch Capital, Inspired Capital and Rogue Capital. Several angel investors including Michael Vaughan, Stephen Sikes, Josh Stech, and Eric Kinariwal made contributions as well.
Established by Point72 and Deutsche Bank professionals Everett Cook and British-Canadian entrepreneur Alex Wheldo, Rho is developing a platform that includes collaborative finance tools and commercial-grade banking solutions. The banking services are being supported by Evolve Bank and Trust.