— The problem
Applying for business financing is still often separate from a company's day-to-day work. Businesses search for lenders, enter the same details again and again, and send information that's already available in the services they use.
— The idea
We think financing should work differently. It should be available when and where the need arises, and use the information that already exists about the business, with the customer's consent.
— What we built
That's why we built Rahoo. We connect the services businesses use and lenders in one network, so applying for, forwarding and offering financing works better for everyone.
What is Rahoo?
Rahoo is a Finnish fintech company that connects the services businesses use with banks and finance companies. Our technology lets business financing be built into the services businesses already use.
Is Rahoo a bank or a lender?
No. Rahoo does not lend. Rahoo provides the technology and network through which financing applications can be forwarded to banks and finance companies. The financing decision and agreement are always made by the lender.
How does Rahoo work?
A business finds a financing option in a Rahoo partner's service. With the customer's consent, the application can use company data already in the service. The application is forwarded to suitable lenders available in the service, and they make their own financing decisions.
Where can I apply for financing through Rahoo?
You can apply for financing through Rahoo in the services that use Rahoo. Available financing products and lenders vary by partner service.
Which financing products can be offered through Rahoo?
Rahoo's network can offer a range of business financing products, such as secured and unsecured business loans, credit lines and invoice financing. Available products depend on the partner service and the lenders in it.
How can my company work with Rahoo?
Rahoo works with business services, software, platforms and others that serve business customers. Financing can be offered as an embedded application, a dedicated application flow or through our API, for example. The setup is planned around the partner's service and customers' needs.
How can a bank or finance company join Rahoo's network?
Rahoo builds its lender network selectively. We assess new lenders based on their products, target groups and the value they add to the network. Banks and finance companies can apply to join by contacting us.
Where does Rahoo operate?
Rahoo operates in Finland and is headquartered in Turku. Our technology and operating model are built to scale across partners, lenders and markets.