Rho, a leading fintech company, has officially completed its acquisition of Capital. The terms of the deal have not been disclosed. Capital’s founders and key team members will now join Rho’s operations and use their expertise in startups and founder engagement to enhance Rho’s support for tech startups.
One of the significant advantages of this transaction is that Capital’s startup customers will gain access to Rho’s finance platform capabilities. This will enable them to leverage Rho’s robust financial tools and resources to further accelerate their growth and success.
Everett Cook, CEO and co-founder of Rho, expressed his belief that the Capital team’s expertise will be a valuable addition to their existing offerings. By combining forces, Rho aims to provide even better solutions tailored to the specific needs of tech entrepreneurs.
Capital, a fintech brand founded in March 2021 by Jordi Hays and Sarah Chase, has gained popularity by employing consumer marketing tactics and creating a strong brand presence among founders. Their flagship fundraising tool and initiatives like New York Tech Week have attracted a dedicated following of rapidly growing startups.
Jordi Hays, co-founder and CEO of Capital, highlighted their understanding of the needs of founders, as they are founders themselves. Their goal is to continue building a modern financial solution that addresses the challenges faced by entrepreneurs today.
With the completion of this acquisition, Rho is poised to strengthen its position as a leading provider of financial services tailored to the needs of tech startups. This strategic move will enable Rho to better support the entrepreneurial ecosystem and contribute to the growth and success of the tech industry as a whole.
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