Rho
Business banking built for the AI era — banking, cards, spend and treasury in one place
By Under Technologies, Inc. (DBA Rho Technologies) · 4.5/5 verified-buyer score
Positioning guardrails
Best for
- US startups and scale-ups that want banking, corporate cards, bill pay and expense management on one free platform
- Finance teams that want to shorten month-end close with automated transaction coding via Rho Close
- Companies holding large cash balances that want treasury yield plus up to $75M in FDIC coverage through a sweep network
- Accounting firms and fractional CFOs managing client books through the Rho Partner Portal
- Founders who want to incorporate a Delaware C-Corp and open an account in the same flow
Ideal size: 10–1,000 people · US venture-backed or growth-stage company with a finance/ops owner
Not for
- Companies that require a directly chartered bank rather than a fintech platform backed by Webster Bank
- Businesses needing local bank accounts or entity support outside the US
- Enterprises that need procurement, sourcing or full ERP modules beyond AP automation
- Teams that want a fixed per-seat SaaS contract with published subscription tiers
Value metrics scorecard
Time-to-Value
Same day — account opens in minutes, go live today
~1 days to first production value
Total Cost of Ownership
$0/yr
Starts at $0 · No subscription or per-seat fees; Rho earns on Rho Treasury management fees (0.15%–0.6% annually) and a 1% foreign-currency conversion fee
Implementation Friction
1/5
Engineering + admin effort required
Buyer Score
out of 5 · verified buyers
Full cost breakdown
Mandatory implementation fee
None
Seat tiers
No seat tiers or minimums; no per-user or per-seat fees
Add-on costs
- Rho Treasury management fee of 0.15%–0.6% annually on invested balances
- 1% foreign currency conversion fee on transfers
- Optional $15 SWIFT fee
- $30 international wire recall fee on the checking account
- 2.9% + 30¢ deducted when a customer pays an invoice by card
Company & support
Who is behind Rho, and how your team gets help once it is live.
Company
- Founded
- 2019 · 7 yrs in business
- Headquarters
- Not recorded
How you get support
- PhoneNot listed
- EmailNot listed
- Live chatAll plans
- Support portal / ticketsNot listed
- Community forumNot listed
- Help centre / docsAll plans
- Dedicated account managerNot listed
- In person / on-siteNot listed
- Hours
- 24/7
- Response time
- Not stated
Homepage promises 24/7 real human support and hands-on implementation. The changelog says Client Services is reachable by iMessage and WhatsApp, and a Help Center and FAQs sit under Support on the site.
“Not listed” means the vendor’s public pages don’t mention that channel, not that it is unavailable. Ask about it during evaluation.
Market position
Where Rho sits against its closest alternatives. Pick any two of cost, speed, friction and buyer score, and up to 9 companies to compare.
Quadrant view
Typical annual cost × Time-to-value
The lines cross at the median of the solutions shown, so about half sit on each side of each line.
Companies on the chart 6 / 10
- Rho
- Flieber
- Mercury
- Payoneer
- Aspire
- Finom
Add or change companies
Up to 10 companies including Rho. Listed closest first.
Stack fit signal
Compatibility with standard B2B ecosystems.
No supported MCP path today, so it cannot be driven from an AI client.
AI & MCP readiness
What Rho ships in AI, and what it asks of your ecosystem.
AI features shipped
Rho Close uses AI to suggest transaction coding from the chart of accounts, vendor history and prior coding decisions. The Gmail connector and mobile OCR scan and match receipts, and Bill Pay verifies suppliers and flags anomalies. No model-provider or AI logging details are published.
In your ecosystem
- AI connection
- Not supported
- Model key
- Not recorded
- AI usage audit
- Not recorded
Compliance attestations
* IAPP AIGP certifies individuals, not products. It means named staff hold the credential — not that the platform does.
Bottom line
Rho (Under Technologies, Inc.) is a fintech platform combining business checking, savings, treasury, corporate cards, expense management, bill pay and invoicing. Core banking and AP automation carry no subscription or per-seat fees; Rho earns on treasury management fees and a 1% FX fee. Deposits are held at Webster Bank, a division of Santander Bank, N.A., with up to $75M in FDIC coverage on savings through a 400+ bank sweep network. Rho Close adds AI-assisted transaction coding.
Frequently asked questions
How much does Rho cost?
There are no subscription, per-seat or account minimum fees, and in-platform AP, expense and accounting automation is free. Rho charges a treasury management fee of 0.15%–0.6% annually on invested balances, a 1% foreign currency conversion fee, an optional $15 SWIFT fee and a $30 international wire recall fee. Card payments to your invoices deduct 2.9% + 30¢.
Is Rho a bank?
No. Rho is a financial technology company, not a bank. Checking and card services are provided by Webster Bank, a division of Santander Bank, N.A., Member FDIC, and savings are provided through American Deposit Management Co. and its partner banks.
How long does implementation take?
Account opening is self-serve and takes minutes, and Rho says customers go live the same day with hands-on implementation help. There is no implementation fee and no data-migration project to schedule.
Which systems does Rho integrate with?
Accounting integrations include QuickBooks, Xero, NetSuite, Sage Intacct and Puzzle; HR integrations cover 50+ platforms such as BambooHR, Workday and Gusto; T&E integrations include Navan, Emburse and SAP Concur. Invoicing syncs to QuickBooks Online accounts receivable.
How much FDIC coverage do I get with Rho?
Checking deposits are FDIC-insured up to $250,000 at Webster Bank. Rho Savings is eligible for up to $75 million in FDIC insurance because balances are swept across a network of 400+ FDIC-insured banks. Rho Treasury holds securities and is SIPC-protected, not FDIC-insured.