Who owns Rho?
short answerRho is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while Rho builds the product and interface. Rho's most notable disclosed backers include DFJ Growth and M13.
Is Rho a licensed bank?
No — it runs on a sponsor bank (BaaS model). Licence detail: Partner bank (Webster Bank, N.A.); savings swept across 400+ FDIC banks via ADM.
Where is your money held?
Custody model: Custodial.
No sponsor bank or infrastructure provider is publicly documented for Rho yet. Know one? Suggest it.
Who's behind Rho?
Rho was founded by Everett Cook, Alex Wheldon (2018), headquartered in New York, US.
Early investors
Is my money safe with Rho?
Deposits are held by Rho's sponsor bank, so any insurance flows through that bank rather than Rho. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.
go deeperSee the full Rho profile with every verified field, or Rho alternatives. Raw fields: data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.