ROH, a payments platform specializing in intelligent, automated financial operations for hotels, has secured $9.2 million in new funding. The company's platform is designed to drive conversions, increase revenue, and provide real-time data and insights for large hospitality groups, asset owners, and their brands. These entities collectively manage over $4 trillion in Gross Payment Volume (GPV), highlighting the significant scale of the market ROH addresses.
This capital infusion will support ROH's strategic growth initiatives and technological advancements. The funds are earmarked to accelerate product development, scale operations, and expand its market reach within the global hospitality sector. ROH has quickly become a key partner for forward-thinking hospitality groups, including Loews Hotels & Co, Crescent Hotels & Resorts, Marriott International, Auberge Resorts Collection, Noble House Hotels & Resorts, and Evolution Hospitality, demonstrating its established traction in the industry.
The investment round underscores investor confidence in ROH's innovative platform and its potential to transform financial operations for hotels worldwide. The company is proudly backed by a diverse group of investors, including Highgate Technology Ventures, Acrew Capital, 1Sharpe Ventures, Founders Fund, Moore Specialty Credit, and GMO VenturePartners, among others. This funding round is a clear indication of the market's recognition of ROH's value proposition.
Looking ahead, ROH plans to leverage this new capital to further solidify its position as a leader in hospitality fintech. The company aims to continue innovating its platform capabilities and expanding its client base, anticipating significant growth as it addresses the evolving financial operational needs of the hospitality industry.
