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Software · head to head

Carta vs Wise Business

Carta logo

Carta

Software

Equity management & valuations

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: Carta free plan eligibility as captured 19 January 2024 was capped at companies with fewer than 25 stakeholders and less than $1M raised in funding; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: Carta covers Cap table management, Wise Business covers Multi-currency accounts.

Where they differ

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

Attributes where Carta and Wise Business differ
AttributeCartaWise Business
Pricing modelsubscriptionusage-based
PlatformsWeb, Ios, AndroidWeb, Ios, Android, Api
Founded20122011

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 Carta

  • Cap table management
  • 409A valuations
  • Equity plans
  • Investor reporting
  • Fund administration
  • Gusto
  • Slack
  • SOC 2

Only in Wise Business

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

Both cover

  • QuickBooks
  • Web support
  • Ios support
  • Android support

What people use each for

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

Carta

  • Equity managementnot Wise Business
  • 409A valuationsnot Wise Business
  • Fund administrationnot Wise Business

Wise Business

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

Where each one falls short

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

Carta

  • Free plan eligibility as captured 19 January 2024 was capped at companies with fewer than 25 stakeholders and less than $1M raised in funding

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

Carta

$29/month
  • LaunchFree
    • Cap table
    • Stakeholder management
  • Seed$360/year
    • 409A valuations
    • Option exercising
    • Scenarios

Wise Business

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

Which should you pick?

Choose Carta if

  • You need cap table management.
  • You work on Web, Ios, Android.
  • You also want 409a valuations.
Carta 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 Carta or Wise Business better?
Neither clearly leads. Carta 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, Carta or Wise Business?
Carta starts at $29/month and Wise Business at $29/month.
Does Carta or Wise Business run on more platforms?
Carta runs on Web, Ios, Android. Wise Business runs on Web, Ios, Android, Api.
What is Carta best used for?
Carta is most often used for equity management, 409a valuations, fund administration. Of those, equity management and 409a valuations are not what Wise Business is typically brought in for.
What can Carta do that Wise Business cannot?
Carta covers Cap table management, 409A valuations, Equity plans, Investor reporting. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle QuickBooks, Web support, Ios support, Android support.
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