Rho vs Grasshopper
short answerBoth are traditional neobanks. Grasshopper holds its own banking license. Compare custody, license, FX markup and fees field by field below.
Rho: Corporate banking + spend platform.
Grasshopper: Chartered digital bank for startups + SMBs.
Side by side
| Rho | Grasshopper | |
|---|---|---|
| Category | traditional | traditional |
| Audience | SMB & startups | SMB & startups |
| HQ | New York, US | New York, US |
| Founded | 2018 | 2019 |
| Custody | Custodial | Custodial |
| Regulation | Partner-bank model | Licensed bank |
| License detail | Partner bank (Webster Bank, N.A.); savings swept across 400+ FDIC banks via ADM | National bank charter (de novo 2019) |
| Card | MC · Corporate card | Visa · Business debit |
| Cashback | Up to 1.75% | 1% |
| Yield | Treasury | Competitive APY |
| FX markup | — | — |
| Services | — | — |
| Stablecoins | No | No |
| KYC | Yes | Yes |
| Regions | North America | North America |
| Reported users | — | — |
go deeperFull profiles: Rho · Grasshopper — or run your own comparison of up to four in the directory.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.