Accounting · head to head
Fyle vs RazorpayX
Fyle
Accounting
Real-time expense management that works with your cards
- From
- $11.99/month per active user
- Rated
- -
RazorpayX
Accounting
Indian business banking layer for current accounts, automated payouts, vendor payments and payroll
- From
- On request
- Rated
- -
The short version
- Each has a real cost: Fyle billed per active user, defined as anyone who creates an expense or has a connected card with transactions in the month, so headcount does not predict the bill; 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.
- They diverge on capability: Fyle covers Real-time card tracking, RazorpayX covers Current account.
- Prices and features above were last checked on 30 August 2026.
Where they differ
Only the attributes on which Fyle and RazorpayX actually diverge.
Identical on both: free tier (No), 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 Fyle
- Real-time card tracking
- Automatic receipt matching
- Expense policies
- Mileage tracking
- QuickBooks
- Xero
- Sage Intacct
- NetSuite
Only in RazorpayX
- Current account
- Payout API
- Bulk payouts
- Payout links
- Vendor payments
- Payroll
- Statutory filing support
- Corporate cards
Both cover
- Approval workflows
What people use each for
The jobs each tool is most often brought in to do.
Fyle
- Expense reporting and corporate card reconciliationnot RazorpayX
- Enforcing spend policy and approvals before reimbursementnot RazorpayX
RazorpayX
- An Indian marketplace settling thousands of seller payouts on a schedule that no bank portal can supportnot Fyle
- A startup running payroll for a growing team that needs provident fund, employee state insurance and tax deduction handled without an in house specialistnot Fyle
- A company paying many vendors monthly that needs tax deducted at source calculated and recorded against each paymentnot Fyle
- A product team that needs disbursements to happen from application code with webhook confirmation rather than from a treasury spreadsheetnot Fyle
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Fyle
- Billed per active user, defined as anyone who creates an expense or has a connected card with transactions in the month, so headcount does not predict the bill
- The Growth plan carries a 5 user minimum and the Business plan a 10 user minimum, so the entry cost is set by the floor rather than the team
- API access and the Sage Intacct and NetSuite integrations require a paid tier
- ACH reimbursements and project expense tracking sit above the entry plan
- Both published plans are billed annually
- Enterprise pricing is custom and aimed at organisations with 250 or more employees
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
Fyle
$11.99/month per active user- Growth$11.99/month per active user
- Minimum 5 users
- Unlimited expense tracking, receipt scanning
- Card integrations, mileage/per diem tracking
- Business$14.99/month per active user
- Minimum 10 users
- Multi-stage approvals, ACH reimbursements (US only)
- Project tracking, Sage Intacct/300 CRE integrations
- Enterprise$null/mo
- 250+ employees
- IP whitelisting, SSO options
- Branded accounts, dedicated account manager
RazorpayX
On requestNo published plan breakdown. See the RazorpayX review.
Which should you pick?
Choose Fyle if
- You need real-time card tracking.
- You work on Web, Ios, Android.
- You also want automatic receipt matching.
Questions people ask
- Is Fyle or RazorpayX better?
- Neither clearly leads. Fyle starts at $11.99/month per active user and RazorpayX at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Fyle or RazorpayX?
- Fyle starts at $11.99/month per active user and RazorpayX at On request.
- Does Fyle or RazorpayX run on more platforms?
- Fyle runs on Web, Ios, Android. RazorpayX runs on Web.
- What is Fyle best used for?
- Fyle is most often used for expense reporting and corporate card reconciliation, enforcing spend policy and approvals before reimbursement. Of those, expense reporting and corporate card reconciliation and enforcing spend policy and approvals before reimbursement are not what RazorpayX is typically brought in for.
- What can Fyle do that RazorpayX cannot?
- Fyle covers Real-time card tracking, Automatic receipt matching, Expense policies, Mileage tracking. RazorpayX covers Current account, Payout API, Bulk payouts, Payout links. Both handle Approval workflows.
Answered from the vendors’ own pages
Fyle: How does Fyle define and charge for active users?
An 'active user' is defined as an employee who creates at least one expense or has a credit card connected with active transactions monthly. You only pay for active users, not all onboarded employees.
SourceRazorpayX: 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.
Fyle: What is Fyle's Growth plan pricing?
The Growth plan costs $11.99 per active user per month (billed annually) with a minimum of 5 users. Includes unlimited expense tracking, receipt scanning, and single-stage approvals.
SourceRazorpayX: Can a company registered outside India use it?
No. It serves Indian registered entities, rupee accounts and Indian statutory requirements.
Fyle: What features does Fyle's Business plan add?
The Business plan costs $14.99 per active user per month (minimum 10 users, annual billing) and adds multi-stage approvals, project tracking, ACH reimbursements (US only), and premium support.
SourceRazorpayX: 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.
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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