Mud/Wtr

How a CPG company finds stability and earnings through treasury accounts from Rho.
Products
Business Checking and Savings Account
Business Checking and Savings Account
QuickBooks Online integration
QuickBooks Online integration
Rho Treasury
Rho Treasury
15%
Increase in financial operational efficiency.
5%
Cash back on treasury accounts.
20+
Hours saved on reconciliation and transaction processing.

Experience better expense management, today.

Content
Example H2
We wanted ease of use and seamless accounting integration, but we also wanted our dollars to work for us. This is where Rho was very attractive.– Emma Nelson, COO at MUD\WTR*

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What is MUD\WTR?

MUD\WTR (pronounced ‘Mud Water’) is a health-focused beverage company offering certified organic alternatives to traditional coffee. It emphasizes wellness through functional ingredients. MUD\WTR has grown into a prominent player in the health industry, boasting nearly 40,000 five-star reviews and a reputation for quality and innovation.

Challenge

Diversifying banking solutions in a volatile market

Following the unexpected crash of SVB, MUD\WTR saw an opportunity to diversify its banking solutions1 to safeguard its capital. 

The company needed a reliable and efficient banking partner that could match the perks of traditional banks while offering more flexibility and ease of use.

MUD\WTR explored several platforms during this period. They sought a solution that would not only provide seamless integration with their existing systems but also offer treasury2 accounts to maximize their earnings. 

The stakes were high, as having a dependable and efficient banking partner was crucial for maintaining smooth financial operations and supporting their growth trajectory.

Diversification was important to us. We looked at three to four different platforms but wanted multiple ways to access our capital, and Rho offered the seamless setup, integration, and treasury we were looking for. – Emma Nelson, COO at MUD\WTR*

Solution

Streamlining financial operations with Rho’s business banking platform 

MUD\WTR saw an immediate impact on its financial operations by leveraging Rho's user-friendly banking1 platform: 

  • Efficient accounting management: The integration with QuickBooks allowed for smooth data synchronization, significantly improving the reconciliation process and ensuring all data was accurately and promptly reflected. 
  • Reliable return on idle cash: MUD\WTR employed Rho’s treasury2 accounts, ensuring their capital was working for them and securing their funds. 
  • Streamlined financial operations: The ease of transferring funds between the treasury and operating accounts reduced the time spent on manual calculations and fund management.
Rho's platform makes banking almost enjoyable and incredibly efficient for our accounting processes. – Hillary Diebold, Accounting Manager at MUD\WTR*

Results

Eliminating admin headaches and safeguarding funds 

By putting Rho's banking platform to work, MUD\WTR achieved significant improvements in their financial operations while employing their spare funds through the treasury accounts. 

  • 15% Increase in financial operational efficiency.
  • Treasury yield that allowed them to safeguard their cash for the future
  • Significant time savings in reconciliation and transaction processing.

Looking ahead, MUD\WTR plans to explore additional services with Rho to support their global expansion. They have a positive outlook on their continued partnership and are excited about the future products and services Rho plans to introduce. 

Rho is a partner that can grow with you; from what we’ve experienced to date, they have the ability and capacity to do that in an honest and trustworthy fashion. – Emma Nelson, COO at MUD\WTR*

1Rho 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.

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.

*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.

Experience better expense management, today.

Product

Business Checking &
Savings AccountsCorporate Credit CardsExpense ManagementAP AutomationTreasury ManagementRho Partner Portal  NewRho Integrations

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Contact

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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.