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Software · head to head

Brex vs Wise Business

Brex logo

Brex

Software

The financial stack for growing businesses

From
$29/month
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Software

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Brex the free Essentials tier is limited to two legal entities; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: Brex covers Corporate cards, Wise Business covers Multi-currency accounts.

Where they differ

Only the attributes on which Brex and Wise Business actually diverge.

Attributes where Brex and Wise Business differ
AttributeBrexWise Business
Pricing modelfreemiumusage-based
PlatformsWeb, Ios, AndroidWeb, Ios, Android, Api
Founded20172011

Identical on both: starting price ($29/month), free tier (No), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Brex

  • Corporate cards
  • Business accounts
  • Expense management
  • Bill pay
  • Travel
  • NetSuite
  • SOC 2
  • PCI DSS

Only in Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Various
  • FCA regulated
  • Bank-level security

Both cover

  • QuickBooks
  • Xero
  • Web support
  • Ios support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Brex

  • Corporate cards with spend controls for startupsnot Wise Business
  • Expense management and reimbursementsnot Wise Business
  • Travel booking inside the spend platformnot Wise Business
  • Bill pay and accounting system syncnot Wise Business
  • Multi-entity spend management on the paid tiersnot Wise Business

Wise Business

  • Holding and converting multiple currencies as a businessnot Brex
  • Paying international suppliers and contractors at the mid market ratenot Brex
  • Receiving payments into local currency account details in several countriesnot Brex

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Brex

  • The free Essentials tier is limited to two legal entities
  • Premium is $12 per user per month, so cost scales with headcount using the card
  • Enterprise and Smart Card pricing is not published
  • Eligibility criteria are not stated anywhere on the pricing page, which matters for a product that extends credit

Wise Business

  • Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • Volume discounts on transfers start only above 20,000 GBP equivalent sent per month

Pricing, plan by plan

Brex

$29/month
  • EssentialsFree
    • Corporate cards
    • Expense management
    • Bill pay
  • Premium$12/month
    • Advanced controls
    • Custom approvals
    • Travel booking

Wise Business

$29/month
  • StandardFree
    • Multi-currency account
    • Real exchange rate
    • Batch payments

Which should you pick?

Choose Brex if

  • You need corporate cards.
  • You work on Web, Ios, Android.
  • You also want business accounts.
Brex review

Choose Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Questions people ask

Is Brex or Wise Business better?
Neither clearly leads. Brex starts at $29/month and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Brex or Wise Business?
Brex starts at $29/month and Wise Business at $29/month.
Does Brex or Wise Business run on more platforms?
Brex runs on Web, Ios, Android. Wise Business runs on Web, Ios, Android, Api.
What is Brex best used for?
Brex is most often used for corporate cards with spend controls for startups, expense management and reimbursements, travel booking inside the spend platform, bill pay and accounting system sync. Of those, corporate cards with spend controls for startups and expense management and reimbursements are not what Wise Business is typically brought in for.
What can Brex do that Wise Business cannot?
Brex covers Corporate cards, Business accounts, Expense management, Bill pay. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle QuickBooks, Xero, Web support, Ios support.
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