Monzo Business vs Quipu: Complete Comparison (2026)
An in-depth comparison of Monzo Business and Quipu to help you choose the right tool for your business.
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.
Quipu
6.2/10
Cloud invoicing and pre-accounting software for Spanish freelancers, SMEs and accounting firms, covering invoices, receipt OCR, bank reconciliation, tax forecasting and VeriFactu.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 6.2/10 |
| Scalability | 3/10 | 4/10 |
| Analytics | 4/10 | 5/10 |
| Compliance | 7/10 | 8/10 |
| Integration | 6/10 | 6/10 |
| Security | 7/10 | 6/10 |
| Support | 6/10 | 6/10 |
| Cost | 8/10 | 6/10 |
| Customization | 4/10 | 4/10 |
| Ease of Use | 9/10 | 8/10 |
| Pricing | ||
| Free plan | Yes | No |
| Cheapest paid plan | £9/mo Pro | €17/mo Starter |
| Estimated cost for 10 users | £25/mo Team | €17/mo Starter |
| Features | ||
| Financial Reporting | ||
| Accountant Access | ||
| Expense Management | ||
| Invoicing | ||
| Tax Compliance | ||
| Bank Reconciliation | Not listed | |
| Budgeting and Forecasting | Not listed | |
| Corporate Cards | Not listed | |
| General Ledger | ||
| Inventory Accounting | Not listed | |
| Multi-currency | Not listed | |
| Online Payments | Not listed | |
| Payroll | Not listed | |
Monzo Business vs Quipu cost by team size
| Team size | Monzo Business | Quipu |
|---|---|---|
| 1 user | £9/moPro | €17/moStarter |
| 5 users | £25/moTeam | €17/moStarter |
| 10 users | £25/moTeam | €17/moStarter |
| 25 users | FreeLite | €17/moStarter |
| 50 users | FreeLite | €17/moStarter |
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 (Quipu does not)
- Higher Cost score (8/10 vs 6/10)
- Higher Security score (7/10 vs 6/10)
Why choose Quipu
- Higher Scalability score (4/10 vs 3/10)
- Higher Analytics score (5/10 vs 4/10)
- Includes Financial Reporting, 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
Quipu
Pros
- IVA and IRPF forecasting and pre-filled quarterly forms suit Spanish autonomos who are not accounting experts.
- VeriFactu-compliant invoicing with QR codes is included on every plan, including Starter.
- Ready-made integrations with Stripe, PayPal, Shopify, WooCommerce and PrestaShop create invoices from online sales automatically.
- Good review scores: 4.5/5 on Capterra Spain and about 4.2/5 from 271 reviews on Trustpilot.
- 15-day free trial with no card needed, and you can export your data to Excel when you cancel.
Cons
- No full double-entry accounting, so it is not a replacement for an ERP or a full accounting package.
- Bank reconciliation needs at least Solution, and automatic reconciliation needs Premium.
- Starter users only get email support, and some reviewers say response times were missed.
- Some reviews say expense recognition sometimes fails or creates duplicate records.
- The API is limited, and extra API calls cost more.
- Built for Spain only, with little for inventory or HR.
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 6.2/10 for Quipu. The largest gap is in Cost: 8/10 for Monzo Business and 6/10 for Quipu.
Monzo Business has a free plan; Quipu does not list one.
Quipu has Financial Reporting, which Monzo Business lacks.
