Hotel payments management platform ROH raises $9.2M

ROH, a cloud-based payments management platform for the hospitality industry, has raised $9.2 million in funding.

The investment will be used to “fuel ROH’s rapid platform expansion and enhance its ability to process the continuous flow of data from contracts invoices, payments, folios and beyond,” the company said.

The funding round was led by Highgate Technology Ventures (HTV) and Acrew Capital. Raja Goel and Kurien Jacob, partners at HTV, and John Gardner, venture partner at Acrew Capital, are joining ROH’s board of directors as part of the transaction.

ROH provides automation and workflow tools for hotels’ sales and finance teams. According to the company’s website, the platform also offers payments processing, accounts receivable and accounting management, booking documentation, data and insights and a centralized back office.