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Accounting · head to head

Dinero vs Modern Treasury

Dinero logo

Dinero

Accounting

Danish accounting software for small businesses and self-employed

From
Free
Rated
-
Full reviewWebsite
Modern Treasury logo

Modern Treasury

Accounting

Payment operations and ledger infrastructure that sits between your product and your own bank accounts

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Dinero has a free tier, so it costs nothing to try first.
  • Each has a real cost: Dinero free tier only for turnover under 100,000 DKK annually; Modern Treasury you must already have or be able to obtain your own bank accounts with the right connectivity, so early stage companies without a banking relationship cannot use it and are pushed towards a sponsor bank model instead.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Dinero and Modern Treasury actually diverge.

Attributes where Dinero and Modern Treasury differ
AttributeDineroModern Treasury
Starting priceFreeOn request
Pricing modelfreemiumquote
Free tierYesNo

Identical on both: platforms (Web), user rating (Not yet rated), category (Accounting).

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 Dinero

Nothing recorded that Modern Treasury does not also cover.

Only in Modern Treasury

  • Multi-rail payment initiation
  • Bank connectivity
  • Ledgers
  • Automatic reconciliation
  • Approval workflows
  • Virtual accounts
  • Compliance tooling
  • Return and exception handling

What people use each for

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

Dinero

  • Small business accountingnot Modern Treasury

Modern Treasury

  • A marketplace paying out to thousands of sellers that needs a ledger its application can trust rather than reconciling a payments dashboard by handnot Dinero
  • A lender originating and servicing loans that must track disbursements, repayments and returns against its own bank accountsnot Dinero
  • A company that wants to move off a banking as a service provider and hold its own bank accounts after seeing sponsor banks offboard fintech programmesnot Dinero
  • An insurer handling premium collection and claims payment across several rails with approval controls and an auditable trailnot Dinero

Where each one falls short

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

Dinero

  • Free tier only for turnover under 100,000 DKK annually
  • Monthly billing costs 52 DKK more than annual on Starter+

Modern Treasury

  • You must already have or be able to obtain your own bank accounts with the right connectivity, so early stage companies without a banking relationship cannot use it and are pushed towards a sponsor bank model instead.
  • Pricing rests on an annual minimum commitment, and companies that miss their volume forecast pay the minimum regardless, which makes the headline per-transaction rate close to irrelevant in year one.
  • Supported bank connectivity is a finite list, so if your bank is not on it you are either waiting for an integration or changing banks, which is a far larger project than adopting the software.
  • It is software over banking, not banking, so it does not solve card issuing, deposit accounts or the licensing questions that a company embedding financial products still has to answer elsewhere.
  • The ledger is genuinely good but adopting it properly means making it the source of truth for balances in your product, which is a significant application change rather than a payments integration and is where implementations run long.

Pricing, plan by plan

Dinero

Free
  • StarterFree
    • For businesses with turnover under 100,000 DKK annually
    • Basic accounting functions
    • Limited advisor guidance
  • Starter+$245/month
    • Unlimited turnover
    • Ad-free invoices
    • 297 DKK if monthly billing
  • Pro$345/month
    • Automatic booking suggestions
    • Full bookkeeping support 8-22 daily
    • 24/7 AI support
  • Total$545/month
    • Annual financial statements included
    • Prioritized chat support
    • Unlimited risk and credit assessments

Modern Treasury

On request
  • Modern Treasury Platform$undefined/year
    • Platform access fee covering API, dashboard, infrastructure and support
    • Usage-based fees across ACH, wires, RTP, FedNow, push to card, cheques and stablecoins
    • A single annual minimum commitment that both platform and usage fees count towards

Which should you pick?

Choose Dinero if

  • You want to start without paying.
Dinero review

Choose Modern Treasury if

  • You need multi-rail payment initiation.
  • You also want bank connectivity.
Modern Treasury review

Questions people ask

Is Dinero or Modern Treasury better?
Neither clearly leads. Dinero starts at Free and Modern Treasury at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Dinero or Modern Treasury?
Dinero has a free tier; the other does not. Paid plans start at Free for Dinero and On request for Modern Treasury.
Does Dinero or Modern Treasury run on more platforms?
Both run on Web, so platform support will not decide this one for you.
Can I use Dinero for free?
Yes. Dinero has a free tier, so you can try it without paying. Modern Treasury starts at On request.
What is Dinero best used for?
Dinero is most often used for small business accounting. Of those, small business accounting is not what Modern Treasury is typically brought in for.
What can Dinero do that Modern Treasury cannot?
Modern Treasury covers Multi-rail payment initiation, Bank connectivity, Ledgers, Automatic reconciliation.

Answered from the vendors’ own pages

Dinero: How much does Dinero cost?

Dinero offers a free Starter plan for businesses under 100,000 DKK annual turnover. Starter+ is 245 DKK/month (yearly) or 297 DKK/month (monthly billing). Pro is 345 DKK/month, and Total is 545 DKK/month.

Source
Modern Treasury: Is Modern Treasury a bank or a banking as a service provider?

Neither. You hold your own bank accounts and it is software over them. That avoids sponsor bank concentration risk but means you need the bank relationship yourself.

Dinero: Is Dinero free?

Yes, Dinero offers a free Starter plan for businesses with annual turnover under 100,000 DKK, including basic accounting and limited advisor guidance.

Source
Modern Treasury: What does it cost?

Not published. A platform access fee plus usage fees across rails, on an annual term with a single minimum commitment. Negotiate the minimum, not the per-transaction rate.

Dinero: What discount does Dinero offer for multiple businesses?

A 33% discount applies when managing multiple businesses with Pro or Total subscriptions.

Source
Modern Treasury: Which rails are supported?

ACH, wires, RTP, FedNow, push to card, cheques and stablecoin payments, subject to what your bank supports.

Modern Treasury: Do we still need our own compliance programme?

Yes. KYB, KYC and transaction monitoring are included in the platform, but you are the one holding the accounts and the regulatory obligation sits with you and your bank.

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