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Accounting · head to head

Fiken vs RazorpayX

Fiken logo

Fiken

Accounting

Norwegian accounting software for sole proprietors and small companies

From
219/month
Rated
-
Full reviewWebsite
RazorpayX logo

RazorpayX

Accounting

Indian business banking layer for current accounts, automated payouts, vendor payments and payroll

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Fiken bank integration available only as add-on (69 NOK/month); RazorpayX everything is India specific, the rails, the currency, the statutory deductions and the filings, so a company that redomiciles or expands abroad gets no reuse and has to run a second banking and payroll stack in the new jurisdiction.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Fiken and RazorpayX actually diverge.

Attributes where Fiken and RazorpayX differ
AttributeFikenRazorpayX
Starting price219/monthOn request
Pricing modelsubscriptionusage-based

Identical on both: free tier (No), 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 Fiken

Nothing recorded that RazorpayX does not also cover.

Only in RazorpayX

  • Current account
  • Payout API
  • Bulk payouts
  • Payout links
  • Vendor payments
  • Payroll
  • Statutory filing support
  • Corporate cards

What people use each for

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

Fiken

  • Solo accounting and invoicing for small businessesnot RazorpayX
  • Multi-user accounting collaboration at no extra costnot RazorpayX
  • Invoice management with EHF e-invoice supportnot RazorpayX
  • Bank integration for transaction trackingnot RazorpayX

RazorpayX

  • An Indian marketplace settling thousands of seller payouts on a schedule that no bank portal can supportnot Fiken
  • A startup running payroll for a growing team that needs provident fund, employee state insurance and tax deduction handled without an in house specialistnot Fiken
  • A company paying many vendors monthly that needs tax deducted at source calculated and recorded against each paymentnot Fiken
  • A product team that needs disbursements to happen from application code with webhook confirmation rather than from a treasury spreadsheetnot Fiken

Where each one falls short

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

Fiken

  • Bank integration available only as add-on (69 NOK/month)
  • Project accounting requires separate add-on (69 NOK/month)
  • Payroll and employee features cost extra (69 NOK/month)
  • Physical mail invoicing costs 25 NOK per invoice

RazorpayX

  • Everything is India specific, the rails, the currency, the statutory deductions and the filings, so a company that redomiciles or expands abroad gets no reuse and has to run a second banking and payroll stack in the new jurisdiction.
  • The current account is held with a partner bank while the interface and the relationship belong to Razorpay, so an escalation about the account itself can fall between two organisations and the deposit protection you have depends on the bank, not on the fintech.
  • Indian payment fintechs are subject to active central bank intervention, and Razorpay itself spent a period unable to onboard new merchants following a regulatory direction, so single provider concentration for both collections and payouts is a live continuity risk rather than a theoretical one.
  • Payouts carry per transaction charges beyond an included allowance and payroll is charged per employee, so a high volume settlement business or a company hiring quickly finds the running cost scales directly with the activity that made the product attractive.
  • Support is largely ticket based and account management is reserved for larger accounts, so a failed high value payout or a payroll run that does not credit becomes a queue rather than a call, which is a poor position to be in on a salary date.

Pricing, plan by plan

Fiken

219/month
  • Base Plan$219/month
    • Complete accounting functionality
    • Unlimited invoice sending via email and EHF
    • Unlimited user accounts

RazorpayX

On request

No published plan breakdown. See the RazorpayX review.

Which should you pick?

Choose Fiken if

Nothing in the data separates Fiken from RazorpayX on the points above - pick on price and on how each one feels to use.

Fiken review

Choose RazorpayX if

  • You need current account.
  • You also want payout api.
RazorpayX review

Questions people ask

Is Fiken or RazorpayX better?
Neither clearly leads. Fiken starts at 219/month and RazorpayX at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Fiken or RazorpayX?
Fiken starts at 219/month and RazorpayX at On request.
Does Fiken or RazorpayX run on more platforms?
Both run on Web, so platform support will not decide this one for you.
What is Fiken best used for?
Fiken is most often used for solo accounting and invoicing for small businesses, multi-user accounting collaboration at no extra cost, invoice management with ehf e-invoice support, bank integration for transaction tracking. Of those, solo accounting and invoicing for small businesses and multi-user accounting collaboration at no extra cost are not what RazorpayX is typically brought in for.
What can Fiken do that RazorpayX cannot?
RazorpayX covers Current account, Payout API, Bulk payouts, Payout links.

Answered from the vendors’ own pages

Fiken: Is there a free trial for Fiken?

Yes, Fiken offers a 30-day free trial with no credit card required. After the trial, the base plan costs 219 NOK per month.

Source
RazorpayX: Is RazorpayX a bank?

No. The current account is provided by partner banks. RazorpayX supplies the interface, the payout automation and the payroll and compliance layer on top of it.

Fiken: Do additional users cost more on Fiken?

No, Fiken includes unlimited user accounts at no extra cost on the base plan.

Source
RazorpayX: Can a company registered outside India use it?

No. It serves Indian registered entities, rupee accounts and Indian statutory requirements.

Fiken: What add-ons are available and how much do they cost?

Monthly add-ons include bank integration, project accounting, KID number system, and API access (69-99 NOK each). Time tracking, payroll, and expense reimbursements also cost 69 NOK per month. Annual tax filing costs 1,290 NOK for sole proprietors or 1,590 NOK for limited companies.

Source
RazorpayX: Does the payroll module handle statutory compliance?

It calculates and supports the main statutory items, provident fund, employee state insurance, professional tax and income tax deduction, and assists with the periodic filings. Confirm the scope against your state specific obligations, since professional tax in particular varies.

Fiken: What are the per-transaction costs?

SMS invoicing costs 3 NOK, e-invoicing via Vipps costs 5 NOK, physical mail invoicing costs 25 NOK, and credit checks cost 15 NOK per transaction.

Source
RazorpayX: What happens to my payouts if there is a regulatory action against Razorpay?

That has happened before in the form of a restriction on onboarding new merchants. Existing customers continued, but the episode is the reason many businesses keep a bank relationship and a second payout route alive alongside it.

RazorpayX: Does it connect to accounting software?

It integrates with the Indian accounting tools most of its customers use, so payouts and payroll postings do not have to be rekeyed. Check your specific product rather than assuming, because coverage is narrower than for global ledgers.

RazorpayX: How is it priced?

A plan fee with included payout volumes, per transaction charges beyond that, and a per employee charge for payroll. Model your actual payout count rather than the plan headline, because that is where the cost lands.

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