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Cloud · head to head

Coolify vs Formance

Coolify logo

Coolify

Cloud

Open source self-hosted platform that deploys applications and databases to servers you already own

From
Free
Rated
-
Full reviewWebsite
Formance logo

Formance

APIs

Open source double-entry ledger and payment orchestration for money-moving software

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Coolify commit history since June 2026 shows one maintainer at 73 commits and a second at 15 with nobody else above one, and the same two people also ship four other coolLabs products, so the project depends on a very small number of individuals.; Formance formance holds no money and provides no regulatory cover, so it must be paired with a payments provider or bank, and buyers occasionally mistake a ledger for a treasury system and discover the gap late.
  • They diverge on capability: Coolify covers Git push deployments, Formance covers Double-entry ledger.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Coolify and Formance actually diverge.

Attributes where Coolify and Formance differ
AttributeCoolifyFormance
PlatformsWeb, Linux, Docker, Self-hostedLinux, Docker, Kubernetes, Web, API
CategoryCloudAPIs

Identical on both: starting price (Free), pricing model (Open source, no licence fee), free tier (Yes), user rating (Not yet rated).

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 Coolify

  • Git push deployments
  • One-click services
  • Automatic certificates
  • Managed databases
  • Docker Compose support
  • Notifications

Only in Formance

  • Double-entry ledger
  • Numscript transaction DSL
  • Multi-currency
  • Payments connectivity
  • Reconciliation
  • Self-hosted deployment
  • Cloud offering
  • API and SDKs

What people use each for

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

Coolify

  • Replacing a managed platform bill with a single Hetzner or DigitalOcean instance running a dozen small applicationsnot Formance
  • An agency hosting many low-traffic client sites on shared servers with certificates handled automaticallynot Formance
  • Self-hosting analytics, databases and internal tools from the one-click catalogue without writing Compose filesnot Formance
  • Deploying inside a country or jurisdiction where no managed platform operates a regionnot Formance

Formance

  • A marketplace splitting a single customer payment between seller, platform fee and tax that needs the split to be atomic and auditablenot Coolify
  • A fintech whose homegrown balances table produced numbers finance could not reconcile and now needs proper double-entry before an auditnot Coolify
  • A payments team that wants one normalised model across several PSPs so reconciliation is not written separately for eachnot Coolify
  • A company that wants its ledger under a licence it can keep running even if the vendor disappearsnot Coolify

Where each one falls short

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

Coolify

  • Commit history since June 2026 shows one maintainer at 73 commits and a second at 15 with nobody else above one, and the same two people also ship four other coolLabs products, so the project depends on a very small number of individuals.
  • Multi-server support is documented as experimental, load balancer configuration is manual, every server must share the same CPU architecture, and moving images between hosts requires you to run your own Docker registry.
  • In self-hosted mode the Coolify machine holds every SSH key and secret with no documented high availability, so the dashboard host is a single point of failure that the paid Cloud tier fixes and self-hosting does not.
  • Scheduled S3 backups cover PostgreSQL, MySQL, MariaDB and MongoDB only, so application persistent volumes are your responsibility and a restore is untested unless you test it yourself.
  • Release cadence is fast enough that six patch versions shipped inside ten days in August 2026 against several hundred open issues, and because instances can update themselves a regression can reach a production host before you have read the changelog.

Formance

  • Formance holds no money and provides no regulatory cover, so it must be paired with a payments provider or bank, and buyers occasionally mistake a ledger for a treasury system and discover the gap late.
  • Numscript is a domain-specific language your team must learn, and while it makes complex splits expressible it also means transaction logic sits outside the languages your engineers already debug well.
  • Self-hosting a ledger that must never lose or duplicate a transaction is a serious operational commitment covering backups, upgrades and Postgres tuning, which is real cost the zero licence fee hides.
  • Enterprise pricing is not published, so the difference between the free path and the supported path cannot be evaluated without a sales conversation.
  • The company is much smaller than the incumbent alternatives, and while the MIT licence protects the code it does not protect the roadmap, so features on the hosted side may arrive slowly or change direction.

Pricing, plan by plan

Coolify

Free
  • Self-hostedFree
    • Apache-2.0, no features held back
    • Unlimited servers, applications and users
    • You run, update and back up the dashboard yourself
  • Cloud$5/month
    • Connects 2 servers, then 3 US dollars a month per extra server
    • Managed and updated Coolify dashboard with high availability
    • Managed backups of the Coolify instance itself

Formance

Free
  • Open SourceFree
    • MIT licensed core ledger
    • Numscript transaction DSL
    • Multi-currency tracking
  • Enterprise$undefined/year
    • Managed or private deployment
    • Payments connectivity and reconciliation
    • Support with response commitments

Which should you pick?

Choose Coolify if

  • You need git push deployments.
  • You want to start without paying.
  • You work on Web, Linux, Docker, Self-hosted.
  • You also want one-click services.
Coolify review

Choose Formance if

  • You need double-entry ledger.
  • You want to start without paying.
  • You work on Linux, Docker, Kubernetes, Web, API.
  • You also want numscript transaction dsl.
Formance review

Questions people ask

Is Coolify or Formance better?
Neither clearly leads. Coolify starts at Free and Formance at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Coolify or Formance?
Coolify starts at Free and Formance at Free.
Does Coolify or Formance run on more platforms?
Coolify runs on Web, Linux, Docker, Self-hosted. Formance runs on Linux, Docker, Kubernetes, Web, API.
Can I use Coolify for free?
Both have a free tier, so you can try either at no cost before committing.
What is Coolify best used for?
Coolify is most often used for replacing a managed platform bill with a single hetzner or digitalocean instance running a dozen small applications, an agency hosting many low-traffic client sites on shared servers with certificates handled automatically, self-hosting analytics, databases and internal tools from the one-click catalogue without writing compose files, deploying inside a country or jurisdiction where no managed platform operates a region. Of those, replacing a managed platform bill with a single hetzner or digitalocean instance running a dozen small applications and an agency hosting many low-traffic client sites on shared servers with certificates handled automatically are not what Formance is typically brought in for.
What can Coolify do that Formance cannot?
Coolify covers Git push deployments, One-click services, Automatic certificates, Managed databases. Formance covers Double-entry ledger, Numscript transaction DSL, Multi-currency, Payments connectivity.

Answered from the vendors’ own pages

Coolify: Is anything held back for the paid tier?

No. Coolify Cloud hosts, updates and backs up the dashboard and gives it high availability. Every feature that touches your applications is in the Apache-2.0 build you can run yourself.

Formance: Is Formance really open source?

Yes. The core ledger is MIT licensed with full source access and no deployment restrictions.

Coolify: What does Coolify Cloud cost?

Five US dollars a month connects two servers, and each additional server is three dollars a month, with 20 per cent off for annual billing. You still supply and pay for the servers themselves.

Formance: Does Formance move money?

No. It records and orchestrates movements; the actual payments happen at a PSP or bank you connect.

Coolify: Does it back up my application data?

It backs up PostgreSQL, MySQL, MariaDB and MongoDB to S3 on a schedule. Application persistent volumes are not covered, so anything stored outside a managed database needs your own backup plan.

Formance: What does the enterprise version cost?

Not published. It is an annual subscription quoted per customer.

Coolify: Can I run it across several servers?

Yes, but the documentation calls multi-server experimental. Load balancing is not configured for you, all nodes must share a CPU architecture, and you need to run your own Docker registry.

Formance: Do I have to use Numscript?

Yes for anything beyond the simplest transfers. It is how multi-party transactions are expressed atomically.

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