Rho

Rho Capital is a revolving working capital credit line built into Rho's business banking platform, aimed at startups and small to mid-sized companies whose cash gets tied up between paying suppliers and collecting from customers. Founder and CEO Everett Cook framed the launch around a common inventory-driven pattern where a company buys stock in one quarter and only gets paid months later, and Rho Capital is meant to bridge that gap rather than fund long-term growth. Once approved, customers draw what they need and receive funds directly in their Rho account in as little as 24 to 48 hours, with flexible repayment terms up to 180 days and the option to pay early and save on fees. The line replenishes as the balance is paid down, ready for the next cycle. The launch matters because it plugs a real gap in Rho's stack. Until now, the platform brought together checking, cards, expense management, AP automation, and treasury in one place , but customers had to go elsewhere for short-term credit against their operating cycle. Underwriting against actual cash flow in the Rho account, rather than requiring a separate application at a bank, lets founders draw when a purchase order lands and repay when the receivable clears, without carrying idle debt between cycles. Rho was founded in 2018 by Everett Cook, Alex Wheldon, and Damian Kimmelman and is headquartered in New York , and it now serves companies from day-zero incorporation up through later stages. Rho Capital extends that same account-native approach to credit, which is a meaningful move as more inventory-heavy and services businesses on the platform look to finance working capital without opening a separate lender relationship.