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EPISODE
96
Published on

096 | The Evolution of Business Banking with Alex Wheldon of Rho

EPISODE
96
096 | The Evolution of Business Banking with Alex Wheldon of Rho
Published on
March 10, 2021
096 | The Evolution of Business Banking with Alex Wheldon of Rho
EPISODE SPONSORS
Banks.com
Banks.com
A comprehensive discovery platform for banks and leading financial brands looking to expand consumer awareness.
Partner with Us

Guest

Alex Wheldon
Name
Company Name

Rho

You got into business to do what you're great at. You had a great idea and you said - I'm going to get out and get into the world and that's what I'm going to do with my life.
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Summary

Alex Wheldon is the co-founder of Rho - a leading digital commercial banking platform backed by Alexa Von Tobel and Inspired Capital. Alex has founded four startups, three of which were acquired. Alex founded Rho because there were no banks tailored towards founder needs, a personal pain point Alex faced as a serial entrepreneur. Rho provides a full-service digital banking solution that integrates with the tools and services that modern entrepreneurs use to run their businesses.

Highlights

  • Alex shares about his middle-class upbringing in Toronto, his pursuit of music, and how studio time led to him catching the entrepreneurial bug
  • Alex shares how he developed the world's first mobile gambling software as a teenager
  • Alex talks about being homeless while bootstrapping his advertising startup, Canary
  • Why traditional banks have difficulty creating digital products that are built around the end user experience
  • Alex shares the Aha! moment that inspired him to co-found Rho and approach commercial banking from a whole different perspective
  • Alex breaks down commercial banking use cases and how Rho provides a unique service that you can't find at traditional banks
  • Chris and Alex discuss how Rho is not industry agnostic and how the company offers unique solutions catered to different industries
  • The stigma behind labeling a business as a "small business" and how this disregards the opportunity that expanding businesses have to offer
  • Why your product is actually your best marketing tool - if your product is high-quality and serves a need in your industry, it will market itself
  • How Alex started Rho on a shoestring budget and built some of the earliest iterations of the product

Alex Wheldon

Co-Founder

Alex Wheldon is the co-founder of Rho - a leading digital commercial banking platform backed by Alexa Von Tobel and Inspired Capital. Rho provides a full-service digital banking solution that integrates with the tools and services that modern entrepreneurs use to run their businesses.

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Sponsors

Today’s show is sponsored by banks.com – the world's most comprehensive and trusted branding and discovery platform for banks and banking related products & services.  Banks.com is aligning consumer core values with trusted financial institutions bringing attention and awareness to leading financial brands.

To learn more, go to www.banks.com/partners  or you can send an email to info@banks.com.

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Alex Wheldon

Co-Founder

Alex Wheldon is the co-founder of Rho - a leading digital commercial banking platform backed by Alexa Von Tobel and Inspired Capital. Rho provides a full-service digital banking solution that integrates with the tools and services that modern entrepreneurs use to run their businesses.

Episode Transcript

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