New York based corporate spend and cash management startup raised $75m in Series B funding led by Dragoneer.
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Rho raises $75m in Series B funding
According to Rho, November’s transaction volume gives the company a $6 billion annualized run rate, showing rapid acceleration from its 11-month $3 billion cumulative result. Not bad for a company founded in 2018, and that only launched in 2020. “This was a direct result of Rho continuing to expand the platform’s capabilities, building out corporate cards, and AP on top of the core banking platform,” Cook said.
