Mercury vs Rho: Features, Coverage and Pricing Compared (2026)

Key Features Compared

Mercury vs Rho at a Glance, November 2026

Feature	Mercury	Rho
Ratings
Fintech Index score	84 / 100Higher score	80 / 100
Overview
What it is	San Francisco fintech that gives startups and small businesses checking and savings accounts, cards, bill pay, invoicing, and treasury through partner banks	Rho gives startups and growing companies business banking, with accounts, corporate cards, bill payment, and invoicing. The banking services come from partner banks
Who uses it	US startups, ecommerce sellers, agencies, and small businesses; more than 300,000 customers	US startups and growing companies; not sole proprietorships
Main products	Checking, savings, treasury, debit and credit cards, bill pay, invoicing, accounting, payroll, and working-capital loans	Checking, savings, treasury, Mastercard corporate charge cards, bill pay, and expenses
Where it operates	US-registered businesses	US-incorporated companies
Products and features
Company cards	Debit and credit cards with spend controls	Charge cards with no personal guarantee; 1.25% cashback with daily repayment
Invoicing and bookkeeping	Bill pay, invoicing, and Mercury Books	Bill pay and expenses
Treasury and yield	Treasury for idle cash	Money market funds and T-bills from $50,000
Pricing
How pricing works	Mercury $0, Plus $29.90, and Pro $299 a month; 15% off annual billing	No monthly, per-user, minimum-balance, ACH, wire, or check fees; 1% currency conversion
Published prices	Free core plan	No subscription
Technology and compliance
Licenses and account protection	Fintech, not a bank; deposits at Choice Financial Group and Column N.A., with FDIC cover through partner banks	Checking insured to $250,000 at Webster Bank; savings reaches up to $75M per entity through partner banks; treasury has SIPC protection
Apps and API	API for custom workflowsAPI moves money	Read-only API; it cannot move money
Integrations and partners	Xero, QuickBooks, and NetSuite on paid plans	Wise US handles international payments
Onboarding and support	Online sign-up in minutes; priority support on Plus	People answer phone, email, and chat 24/7 for every account
Company
Founded	2017	2018
Headquarters	San Francisco, California	New York, New York
Ownership	Private company	Private
Funding	~$200M Series D in May 2026 at a $5.2B valuation, led by TCV with a16z, Coatue, CRV, Sapphire, Sequoia, and Spark	Raised $75M in its 2021 Series B, from Dragoneer, DFJ Growth, M13 and others
Key leader	Immad Akhund	Everett Cook
Scale	$650M annualized revenue in Q3 2025; customers moved $248B through it in 2025	Treasury from $50,000, with a fee of 0.15% to 0.60% a year

Fintech Index Scores Compared

We rate every company on eight criteria from 0 to 100, four tied to what buyers in its sector need and four shared by every company, and the rating is their average. Mercury scores 84 and Rho scores 80.

Criterion Scores Out of 100

Key Differences Between Mercury and Rho

Fees

Rho charges no monthly, per-user, ACH, wire, or check fees. Mercury's core plan costs $0, with Plus at $29.90 and Pro at $299.

Cards

Rho's charge cards need no personal guarantee and earn 1.25% with daily repayment. Mercury issues debit and credit cards with spend controls.

Developer Tools

Mercury's API supports custom workflows. Rho's API can read data but cannot move money.

Pros and Cons

Who Each Is Best For

Alternatives to Mercury and Rho

These companies, all reviewed and rated on The Fintech Index, cover some of the same ground as Mercury and Rho.

Other Card Issuing and Processing Companies

Frequently Asked Questions