Rho vs. Wise Business

Last verified 32 days ago · 16 sources · Updated automatically

Rho and Wise Business compared across Company facts, Pricing, Card & limits, Rewards & cash back, Spend management, Security & compliance and Platform & integrations — every fact sourced and re-verified from each vendor's public material.

Rho

All-in-one finance platform — a corporate charge card with AP, banking, and treasury in one, with no personal guarantee.

Founded2018

HQ New York, NY

Visit Rho Full profile

Wise Business

Multi-currency business account with debit and expense cards, built around low-cost FX for international payments.

Founded2011

HQ London, United Kingdom

Visit Wise Business Full profile

Attribute

Rho

Wise Business

Company facts

Headquarters

New York, NY 100 Crosby Street, New York, NY 10012

London, United Kingdom

Employees

345 Approx. 342-351 per third-party aggregators (2026)

5.5k 5,499 employees (2024)

Pricing

Starting Monthly Price (USD)

$0 Free platform; $0 subscription and $0 per-user fees

$0 No monthly software fee; one-time ~$31 account set-up fee

Card & limits

Card Type

charge card Charge card by default — each day's spend is auto-debited from the linked Rho checking account; optional monthly credit terms available

debit Multi-currency debit card funded by the Wise account balance

Card Network

Mastercard Issued by Webster Bank N.A. on Mastercard

Visa

No Personal Guarantee

No personal guarantee, personal credit check, or personal credit score pull

Balance-funded debit card; no personal guarantee or credit check

Limit Basis

cash balance & revenue Underwritten on revenue growth, spending patterns, and balance sheet liquidity

account balance Spend limited to available deposited balance; admins set per-card limits

Virtual Cards

Spin up a virtual card in seconds; physical cards also available

Create digital cards instantly to separate expense types

No Foreign Transaction Fees

1% foreign currency conversion fee on card spend abroad

No foreign transaction fees on card spend; mid-market rate, no FX markup

Rewards & cash back

Rewards Model

flat cash back Up to 1.5% cash back on all spend; no tiers, no categories

none No cash-back or points rewards program

Flat Cash-Back Rate

1.5% Up to 1.5% on qualifying spend, paid as statement credit

—

Spend management

Receipt Capture & Matching

Receipt upload + Gmail connector auto-finds receipts; auto-coded and matched

—

Approval Workflows & Policies

Approval rules by amount or team; off-policy spend flagged at point of use

Per-card spend limits and freeze controls only; no multi-step approval routing

Employee Reimbursements

Out-of-pocket reimbursements incl. mileage; paid from Rho checking (US bank accounts only)

—

Bill Pay / AP

AP/bill pay via ACH, check, wire, card with approval routing; zero fees

Pay vendor bills/invoices; BatchTransfer sends up to 1,000 payments from a spreadsheet

Security & compliance

SOC 2

SOC 2 Type II (report available via Trust Center)

SOC 2 Type II (also SOC 1 Type 2, PCI DSS, ISO 27001)

Platform & integrations

Accounting / ERP Sync

Native sync to QuickBooks, Xero, NetSuite, Sage Intacct (real-time)

Native sync to QuickBooks, Xero, NetSuite, Sage, FreeAgent, Zoho Books and more

Public API

—

Public Wise API: payments automation, conversions, balances; card issuing via Wise Platform

The verdict

Rho

Best for spend controls and cash-back on a charge card

Rho is the better fit for teams that want managed expense controls plus rewards. It adds approval workflows and policy flagging that Wise lacks, captures and matches receipts, and pays out reimbursements. Its charge card returns up to 1.5% flat cash back, where Wise has no rewards. Limits are underwritten on cash balance and revenue.

Full profile

Wise Business

Best for low-cost international card spend

Wise Business wins on cross-border spend: its multi-currency debit card charges no foreign transaction fees at the mid-market rate, versus Rho's 1% FX fee. A public API supports payments and card-issuing automation Rho doesn't list. Spend is capped to the deposited balance, and there are no multi-step approval workflows or rewards.

Full profile

Sources · 16 verified references

rho.co en.wikipedia.org pitchbook.com wise.com trust.rho.co

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