Rho partners with Fondo to offer accounting support to early-stage startups

Platforms unite to simplify startup accounting and bookkeeping.
Author
Dominic Daley
Updated
August 29, 2024
Read time
7

Spending made smarter

Eliminate annoying banking fees, earn yield on your cash, and operate more efficiently with Rho.

Today, Rho is excited to announce our new partnership with Fondo, the all-in-one accounting platform for high-growth startups.

Starting today, new, qualifying Fondo clients can receive up to three months of Fondo bookkeeping services when they open a Rho Business Checking Account and meet the qualifying requirements. See the applicable terms and conditions below.*

How to redeem this offer

New Fondo clients can take advantage of this offer in a few, easy steps. 

  • Signup for a Fondo account
    • Under “How did you hear about us?” select “Rho Offer”
    • The Rho offer will be applied at checkout
    • Complete all Onboarding Action items, including opening your Rho account via Fondo Marketplace.*

Why we’re investing in early-stage startup success

Whether you’re a startup founder who is just incorporating their business or you’re in the growth stage building product, your startup’s bookkeeping processes may not top your list of priorities. However, getting your finances in order is critical to long-term success, so many startups turn to world-class accounting solutions like Fondo to assist them with finance back-office so startups can focus on what really matters. 

Helping startups focus on what really matters is core to our mission at Rho. We believe founder time is best spent investing time in areas that will increase their odds of long-term success, so we’ve built a business banking platform designed to help remove distractions. With one platform, you can manage your company cash, keep spend controlled, and enjoy finance automation that maximizes the time you spend building your business. Today’s partnership with Fondo complements these efforts as we invest to help tomorrow’s generational companies take the pain out of accounting and finance and maximize their chances of success.

“Fondo and Rho share a common passion in ensuring the next generation of business leaders have the tools, technology, and partners to bring their company visions to life,” said Dominic Daley, VP of Channel Sales at Rho. “Through this integrated experience, founders will get an all-in-one back financial office with the real-time insights to grow their businesses."

Through this partnership, we’re looking forward to furthering our mission of giving startup founders the tools they need to make their finances—and accounting—frictionless. 

Sign up for Fondo and Rho today! 

Offer terms and conditions

*Terms and Conditions: To qualify for up to 3 months (with a maximum value of $5,000.00 USD) in monthly bookkeeping from Fondo, maintain a minimum average daily checking deposit balance of at least $250,000.00 USD for the first 90 days after your Rho account is opened. All account applications are subject to approval in Rho's sole discretion. The new checking account must remain open throughout the 90-day period. Rho Offer must be selected at checkout on Fondo's platform. All accounts are subject to the Terms of Service. This offer may be changed or discontinued at any time without notice. This offer is limited to new customers only. Existing customers or customers who have applied for an account at Rho during the last 120 days do not qualify for this offer. New checking accounts connected to existing Rho services or accounts do not qualify for this offer. Limit one offer per new qualifying business and owner/individual, including all subsidiaries, affiliates, and related entities. This offer cannot be combined with any other offer, and cannot be reproduced, purchased, sold, transferred, or traded. Void where prohibited. You are solely responsible for any federal, state, or local tax payments, reporting, or other tax consequences.

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

Dominic Daley
December 2, 2024
Dominic Daley is the Vice President of Channel Sales at Rho. With a decade of experience in scaling Partner Programs, he oversees Rho’s partnership ecosystem strategy, building and nurturing relationships with the accounting industry, key software partners, and venture capital investment firms. Previously, he led Partner Sales at Gusto.

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Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank N.A., member FDIC. Savings account services provided by American Deposit Management Co. and its partner banks. International and foreign currency payments services are provided by Wise US Inc. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party.
The Rho Corporate Card is issued by Webster Bank N.A., member FDIC pursuant to a license from Mastercard.
Investment management and advisory services provided by RBB Treasury LLC dba Rho Treasury, an SEC-registered investment adviser and subsidiary of Rho. RBB Treasury LLC facilitates investments in securities: investments are not deposits and are not FDIC-insured. Investments are not bank guaranteed, and may lose value. Investment products involve risk, including the possible loss of the principal invested, and past performance does not future results. Registration with the SEC does not imply a certain level of skill or training. Treasury and custodial services provided through Apex Clearing Corp. ("Apex") and Interactive Brokers LLC ("Interactive"), registered broker dealers and members FINRA/SIPC. Interactive rates may vary from Apex rate shown above. For additional information about investment management and advisory services provided by Rho Treasury, please refer to Rho Treasury’s ADV-2A Wrap Fee Brochure.
             
This material presented is for informational purposes only and should not be construed as legal, tax, accounting or investment advice. Under no circumstances should any of this material be used for or considered as an offer to sell or a solicitation of any offer to buy an interest in any securities. Any analysis or discussion of financial planning matters, investments, sectors or the market generally are based on current information, including from public sources, that we consider reliable, but we do not represent that any research or the information provided is accurate or complete, and it should not be relied on as such. Our views and opinions are current at the time of publication and are subject to change. You should consult with your attorney or relevant professional advisor for advice particular to your personal or business situation.
                  
Rho Treasury is not insured by the FDIC. Rho Treasury are not deposits or other obligations of Webster Bank N.A., or American Deposit Management Co.’s partner banks, and are not guaranteed by Webster Bank N.A., or American Deposit Management Co.’s partner banks. Rho Treasury products are subject to investment risks, including possible loss of the principal invested.
*This reflects the sought net yield based on 90-day Treasury Bill rates as of [DATE] and an annual fee which ranges from 0.15% for deposits of $20M or more to 0.6% (the maximum annual fee) for deposits under $2M. Individual results may vary depending on the actual investment date and investment products selected. Past performance is not a guarantee of future performance results. The yield is variable and fluctuates without prior notice. The rate shown is net of fees. The amount of Treasury Bills available at a particular yield will depend upon the sellers’ offer size; any remaining cash balance after the purchase may not earn the same yield.
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Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.