Fund Banking

Built for VCs and their portfolio companies: yield on called capital, cash back on operating spend, and up to $75M in FDIC insurance — every entity in one login.

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Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, a division of Santander Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.

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Purpose-built for fund operations

Capital calls, deployments, and distributions — one platform built for emerging managers and established funds alike.

Connect your fund admin

Add your fund admin as a user to Rho and connect to their platform with direct account link or Plaid.

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Simplified capital deployment

Free domestic wires and ACH, easy transaction labeling, and treasury yield on idle cash.

Three transaction entries: Check $250,000, INT-WIRE £100,000, ACH $550,000. All marked "Settled" with US and UK flags.

Security and support you can trust

24/7 support from a team that knows fund ops, plus up to $75M in FDIC insurance per entity.

Three award badges labeled "Easiest Setup," "Best Usability," and "Best Results" for Spring 2025 from G2.

Unlock the power of the Rho network

Access a community of high-caliber founders, investors, and LPs curated precisely to your investment goals.

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Exclusive events

At Rho, we don't believe in watered-down experiences. Our founder, VC, and LP events consistently set the industry standard for event quality, attendance, and audience curation. We host over 300 private and curated events each year with VCs.

A crowded indoor party with people socializing, holding drinks, and engaging in conversation in a dimly lit room.

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Well-curated deal flow

Expand your pipeline with tailored introductions to exceptional, pre-vetted founders aligned to your fund's thesis — and LP introductions when you're raising.

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Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, a division of Santander Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.

Blueprints for success

Explore the case studies to see how Rho simplifies business banking.

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It’s nice to feel cared for

Atul Raghunathan
Founder & CRO

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Our accountants love them

Landseer Enga & Anam Hira
Co-Founders

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They've scaled with us.

James Jiang
Co-Founder, CEO

Before and after Rho

Seasoned business owners, operators, and CFOs optimize cash flow and bank* with confidence using Rho.

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To frictionless finance

Organize your cash with multiple fee-free operating accounts and count on 24/7 customer support.

Smartphone displaying a banking app with account balances for checking, savings, and cashback rewards, plus recent transactions from Gusto and Uber.

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From manual finance

You lack real-time clarity over T&E spending and spend far too many hours chasing down late receipts and approvals.

A series of four messages requesting receipts for reimbursement, with profile images and timestamps.

Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, a division of Santander Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.

FAQs

General

Fund banking is banking built for investment funds — venture capital, private equity, and other closed-end vehicles — and the entities around them, including the general partner and management company. It covers the financial operations of running a fund: collecting capital calls from LPs, deploying capital to portfolio companies, paying management fees and fund expenses, making distributions, and managing idle cash. Rho provides fund banking with separate accounts for each entity under one login, free domestic wires and ACH, treasury yield on called capital, and up to $75 million in FDIC insurance per entity through Rho savings.

Rho works with leading fund administration platforms, including Carta, VectorAIS, Decile, Fund Launch, Formulary, Juniper Square, NAV Fund Admin, and FinStrat, so your fund's banking activity and your books stay in sync. If you work with a different administrator, contact the Rho team to confirm compatibility.

Rho checking accounts are held at Webster Bank, a division of Santander Bank, N.A., Member FDIC, and insured up to $250,000. Rho savings accounts can access up to $75 million in FDIC insurance per entity, as American Deposit Management Co. spreads deposits across a network of more than 400 FDIC- and NCUA-insured institutions.

Rho's platform allows VCs to manage and deploy funds directly to portfolio companies from a single dashboard, with free domestic wires and ACH, easy transaction labeling, and transparent tracking.

Yes. You can add your fund admin as a user on Rho and connect to their platform via direct account link or Plaid.

Applying for a Rho account takes less than 10 minutes. Each entity in your fund structure — the fund itself, the general partner, and the management company — can hold its own accounts under one login.

Rho employs bank-level security protocols including multi-factor authentication, data encryption, continuous fraud monitoring, and regular security audits to safeguard funds and transactions.