Fortnox vs Wise Business: Complete Comparison (2026)
An in-depth comparison of Fortnox and Wise Business to help you choose the right tool for your business.
Last updated: November 2026
Fortnox
6.5/10
Swedish cloud accounting platform covering bookkeeping, invoicing, payroll, supplier invoice approval and reporting for small and mid-sized Swedish businesses and accounting firms.
Wise Business
6.3/10
Wise Business is a multi-currency business account for sending, receiving, holding and converting money internationally, with team cards, batch payments and invoicing.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 6.3/10 |
| Scalability | 6/10 | 6/10 |
| Analytics | 5/10 | 3/10 |
| Compliance | 7/10 | 6/10 |
| Integration | 8/10 | 6/10 |
| Security | 6/10 | 7/10 |
| Support | 7/10 | 5/10 |
| Cost | 6/10 | 8/10 |
| Customization | 5/10 | 4/10 |
| Ease of Use | 7/10 | 8/10 |
| Pricing | ||
| Free plan | No | No |
| Cheapest paid plan | SEK 238/mo Mini | Contact for pricing |
| Estimated cost for 10 users | SEK 238/mo Mini | Free Wise Business (US) |
| Features | ||
| Financial Reporting | ||
| General Ledger | ||
| Payroll | ||
| Corporate Cards | ||
| Invoicing | ||
| Accountant Access | Not listed | |
| Accounts Payable | Not listed | |
| Expense Management | Not listed | |
| Multi-currency | Not listed | |
| Online Payments | Not listed | |
Fortnox vs Wise Business cost by team size
| Team size | Fortnox | Wise Business |
|---|---|---|
| 1 user | SEK 238/moMini | FreeWise Business (US) |
| 5 users | SEK 238/moMini | FreeWise Business (US) |
| 10 users | SEK 238/moMini | FreeWise Business (US) |
| 25 users | SEK 238/moMini | FreeWise Business (US) |
| 50 users | SEK 238/moMini | FreeWise Business (US) |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose Fortnox
- Higher Analytics score (5/10 vs 3/10)
- Higher Integration score (8/10 vs 6/10)
- Includes Financial Reporting, which Wise Business lacks
- Includes General Ledger, which Wise Business lacks
- Includes Payroll, which Wise Business lacks
Why choose Wise Business
- Higher Cost score (8/10 vs 6/10)
- Higher Security score (7/10 vs 6/10)
Pros & Cons
Fortnox
Pros
- More than 500 integrations, and one 189 kr licence covers all of them.
- A single platform covers bookkeeping, invoicing, payroll, supplier invoice approval, payments and a company card, which suits Swedish SMEs.
- Accounting firms get a dedicated bureau package for working in their clients' books.
- New companies get six months free, and every new subscription has a 30-day open purchase period.
- Trustpilot and Shopify app reviewers frequently praise customer service and sync reliability.
Cons
- Usage fees for invoices, paid employees and interpretations, plus an Access fee that scales with activity, make total cost hard to predict.
- Three-month agreements cost 15 percent more than the 12-month list prices.
- The product is Swedish-focused, and users have asked for an English interface.
- Some users call the reporting tools dated and say neobank integrations such as Revolut are missing.
Wise Business
Pros
- Conversions use the mid-market rate with fees from 0.23%, often cheaper than banks for international payments.
- There is no monthly fee, only a one-time setup fee of 31 USD in the US.
- Batch payments can pay up to 1,000 recipients in one action, which helps companies paying contractors abroad.
- Local receiving details in 22 currencies let foreign clients pay domestically.
- Team cards come with custom spending permissions.
Cons
- It is not an accounting system and has no ledger, payroll or financial statements.
- Wise is not a bank: it offers no loans, and balances are safeguarded rather than deposit-insured by default.
- Users report delayed or frozen transactions and support that can be slow or hard to reach.
- Incoming SWIFT payments in USD, GBP and EUR carry per-payment fees.
- Feature availability, including cards, varies by country.
Not sold on either?
Frequently Asked Questions
Fortnox scores higher on our Finance Software criteria: 6.5/10 against 6.3/10 for Wise Business. The largest gap is in Analytics: 5/10 for Fortnox and 3/10 for Wise Business.
No, neither Fortnox nor Wise Business lists a free plan.
Fortnox has Financial Reporting, General Ledger and Payroll, which Wise Business lacks.
