Mad Rabbit

How Mad Rabbit switched to Rho and achieved significant time and cost savings.
Products
Business Checking and Savings Account
Business Checking and Savings Account
Corporate Cards
Corporate Cards
Rho Mobile App
Rho Mobile App
$25K+
Saved annually on ACH/wire fees.
Frictionless
Mobile app experience to manage banking on the go.
2x
More efficient financial management.

Experience better expense management, today.

Content
Example H2
"Rho is a better solution for startups for a variety of reasons. As a startup, every dollar needs to be making more dollars, so it’s really nice to earn more interest on our dry powder."—Oliver Zak, CEO of Mad Rabbit Tattoo

What is Mad Rabbit?

Mad Rabbit is an e-commerce brand of tattoo aftercare products trusted by millions of tattoo enthusiasts. Their high-quality, clean and vegan ingredients cater to the specific needs of tattooed skin, ensuring lasting, vibrant tattoos. 

Challenge

Lower fees and better startup cash management

Treasury management for startups like Mad Rabbit can feel like navigating a labyrinth of needs and options. We caught up with Mad Rabbit’s CEO Oliver Zak, and Joe Jenkins, Vice President of Finance, to learn how they protect and grow their capital. 

Like many of its e-commerce peers, Mad Rabbit needed a banking platform that could support its growth, offer impeccable customer service, and streamline its financial processes without incurring excessive fees. Existing solutions:

  • Lacked the necessary customer support and features for a growing CPG brand.
  • Imposed fees on essential transactions like ACHs and wires.

Hoping to make their dollar stretch as far as possible by avoiding these added fees, their search for an effective cash management solution led them to Rho. 

Rho promised a fully digital, streamlined solution that could meet their needs without the burden of high ACH and wire fees. 

"We don’t get an analysis fee or get nickel and dimed for every ACH or wire that we send. Small businesses need to send money out right away so the free wire function is definitely a plus."

Solution

Streamlined finance management and peace of mind 

Today, Rho provides Mad Rabbit with a fully digital banking platform that addresses their needs for efficiency and cost-effectiveness. 

Their favorite features?

  • Ease of use: Mad Rabbit can manage its core business banking activities without reaching out to customer support. 
  • Rho’s mobile app: Leadership can deposit checks and manage their interests while away from their desk.
  • Zero transaction fees: Mad Rabbit avoids high ACH and wire transfer fees. 

Plus, Rho Treasury provides a way for Mad Rabbit to put its funds to work, earning yield in U.S. Treasury Bills held in the company entity’s name. 

For Mad Rabbit, this additional benefit not only preserved their capital but helped the company establish an enterprise-grade cash management strategy. 

"Rho provides our management team peace of mind."

Results

Saving thousands annually and ensuring financial security with Rho

Rho offered Mad Rabbit more than just another banking platform; they provided a partnership that gave them flexibility and peace of mind to put its company cash to work.

  • $25K+ saved annually by eliminating ACH/wire transaction fees.
  • Mobile app creates a frictionless environment to manage banking on the go.
  • Access to an enterprise-grade cash management strategy.

Moving forward, Mad Rabbit Tattoo plans to scale its use of the Rho platform’s capabilities, including expense management, AP automation, and accounting. They anticipate this will further streamline their financial processes and unlock additional time savings. 

"Large financial institutions are generally not great at supporting startups. My advice? Look to the fintech innovators and have conversations with them. I recommend a relationship-first approach. Rho does a great job of that."

Testimonials reflect individual customer experiences and opinions and are provided for illustrative purposes. There is no guarantee that your Rho experience will be the same and results may vary.

1Rho is a fintech company, not a bank. 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.

2Investment management and advisory services provided by RBB Treasury LLC dba Rho Treasury, an SEC-registered investment adviser. 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 and past performance does not guarantee 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. Treasury and custodial services provided through Interactive Brokers LLC for clients with accounts opened prior to July 2024; IBKR rates may vary from Apex rate shown above. The yield may change at any time and without prior notice. Please see the ADV Wrap Fee Brochure for further information regarding fees and Rho Treasury.

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Experience better expense management, today.

Product

Business Checking &
Savings AccountsCorporate Credit CardsExpense ManagementAP AutomationTreasury ManagementRho Integrations

Platform

RewardsPricingPartnersCustomersHelp CenterFAQs

Company

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Contact

1 (855) 7-GETRHOclientservice@rho.co

100 Crosby Street
New York, NY 10012

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Rewards Terms
Terms of Service
Privacy Policy
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.
© 2019-2024 Under Technologies, Inc. DBA Rho Technologies. Rho is a trademark of Under Technologies, Inc.

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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.