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Fintech Startup of the Week: Challenger Rho Business Banking Targets Sophisticated Startups/SMBs

Fintech Labs Insights

Rho has positioned itself for the more sophisticated business touting its $75M in deposit insurance (via a network of FDIC-insured banks), QuickBooks integration, accounts payable tools (ala Bill.com), low-cost FX and global transfers and even access to venture debt providers. Which is a bit of a problem from a marketing UX standpoint.

Fintech 15
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Fintech Startup of the Week: Challenger Rho Business Banking Targets Sophisticated Startups/SMBs

Fintech Labs Insights

Rho has positioned itself for the more sophisticated business touting its $75M in deposit insurance (via a network of FDIC-insured banks), QuickBooks integration, accounts payable tools (ala Bill.com), low-cost FX and global transfers and even access to venture debt providers. Which is a bit of a problem from a marketing UX standpoint.

Fintech 15
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Credit UX: Starter Loans from Self Lender

Fintech Labs Insights

Self Lender’s bank partners, put aside the total of all the monthly payments into an FDIC deposit account. To see Self Lender in action, check out its TechCrunch demo in 2014 ( video ) and update ( 2018 ). Users choose a monthly payment amount they can afford and set up an auto payment to Self Lender for that amount.

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