Monzo Business vs Pleo Comparison
Compare Monzo Business vs Pleo features, pricing, and more.
Last updated: November 2026
Monzo Business
6.5/10
Monzo Business is an app-based UK business bank account for sole traders and limited companies. It includes invoicing, Tax Pots, expense cards and accounting software bank feeds.
Pleo
6.8/10
Pleo is a European spend management platform that gives small and mid-sized businesses company cards, receipt capture, reimbursements and supplier invoice payments.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 6.8/10 |
| Analytics | 4/10 | 6/10 |
| Compliance | 7/10 | 7/10 |
| Cost | 8/10 | 6/10 |
| Customization | 4/10 | 6/10 |
| Ease of Use | 9/10 | 9/10 |
| Integration | 6/10 | 7/10 |
| Scalability | 3/10 | 6/10 |
| Security | 7/10 | 7/10 |
| Support | 6/10 | 5/10 |
| Pricing | ||
| Free plan | Yes | No |
| Cheapest paid plan | £9/mo Pro | £8/user/mo Start |
| Estimated cost for 10 users | £25/mo Team | £80/mo Start |
| Features | ||
| Multi-currency | ||
| Corporate Cards | ||
| Expense Management | ||
| Accountant Access | Not listed | |
| Accounts Payable | Not listed | |
| Budgeting and Forecasting | Not listed | |
| Financial Reporting | Not listed | |
| General Ledger | ||
| Invoicing | Not listed | |
| Online Payments | Not listed | |
| Payroll | ||
| Tax Compliance | Not listed | |
Monzo Business vs Pleo cost by team size
Pleo costs less at 1 user; Monzo Business costs less from 5 users.
| Team size | Monzo Business | Pleo |
|---|---|---|
| 1 user | £9/moPro | £8/moStart |
| 5 users | £25/moTeam | £40/moStart |
| 10 users | £25/moTeam | £80/moStart |
| 25 users | FreeLite | £200/moStart |
| 50 users | FreeLite | £400/moStart |
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 Monzo Business
- Has a free plan (Pleo does not)
- Lower estimated cost for 10 users: £25/mo vs £80/mo
- Higher Cost score (8/10 vs 6/10)
- Higher Support score (6/10 vs 5/10)
Why choose Pleo
- Higher Scalability score (6/10 vs 3/10)
- Higher Analytics score (6/10 vs 4/10)
- Better fit for enterprise (4/10 vs 1/10)
- Includes Multi-currency, which Monzo Business lacks
Pros & Cons
Monzo Business
Pros
- The Lite plan is free and includes Making Tax Digital software
- Pro adds invoicing, Tax Pots and live feeds to Xero, QuickBooks, FreeAgent and Sage for £9 a month
- The Team plan adds expense cards, payment approvals and bulk payments for up to 15 users
- 24/7 in-app support on every plan
- Licensed UK bank with FSCS deposit protection
Cons
- Holds GBP only, and incoming foreign currency is converted at a 1% fee
- No general ledger or financial statements, so you still need separate accounting software
- Partnerships, LLPs, charities and non-UK businesses cannot open an account
- Cash deposits cost £1 each and are capped
- Reviews report frozen accounts and slow resolution, and there is no dedicated account manager
Pleo
Pros
- G2 reviewers praise the card and receipt-capture app as easy for employees to use, and Pleo holds a 4.7 rating across roughly 1,400 G2 reviews.
- Per-user list prices are published, starting at £8 per user per month.
- Native accounting integrations cover Xero, QuickBooks, NetSuite, FreeAgent, Xledger and Twinfield.
- SAML SSO is included even on the entry Start plan.
- The UK entity is authorised by the FCA, and cards are issued under a Mastercard licence.
Cons
- Build and Optimise are billed yearly and require at least three users.
- Transaction charges such as FX fees of up to 2 percent and per-payment fees add to the subscription cost.
- Live chat support is only included on Optimise, and Trustpilot reviewers complain about slow support.
- Some reviewers report weak coverage and support in the US.
- It is not an accounting system and has no general ledger, customer invoicing or payroll.
Not sold on either?
Frequently Asked Questions
Pleo scores higher on our Finance Software criteria: 6.8/10 against 6.5/10 for Monzo Business. The largest gap is in Scalability: 3/10 for Monzo Business and 6/10 for Pleo.
Monzo Business costs less for 10 users: about £25/mo on its Team plan, against about £80/mo on its Start plan for Pleo, billed monthly.
Monzo Business has a free plan; Pleo does not list one.
Pleo is the better fit for enterprise: we rate it 4/10 for them, against 1/10 for Monzo Business.
Pleo has Multi-currency, which Monzo Business lacks.
