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Software · head to head

Loom vs Wise Business

Loom logo

Loom

Software

Record instantly, share anywhere

From
Free
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

  • Only Loom has a free tier, so it costs nothing to try first.
  • Each has a real cost: Loom free tier capped at 25 total videos with 5-minute maximum recording length per video; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: Loom covers Screen & camera recording, Wise Business covers Multi-currency accounts.

Where they differ

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

Attributes where Loom and Wise Business differ
AttributeLoomWise Business
Starting priceFree$29/month
Pricing modelfreemiumusage-based
Free tierYesNo
PlatformsWebWeb, Ios, Android, Api
Founded20152011

Identical on both: 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 Loom

  • Screen & camera recording
  • Instant sharing
  • Video editing
  • Viewer analytics
  • Comments & reactions
  • Transcription
  • Custom CTAs
  • Drawing tools

Only in Wise Business

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

What people use each for

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

Loom

  • Asynchronous video communication and screen recordingnot Wise Business
  • Product demonstrations and tutorialsnot Wise Business
  • Meeting transcription and documentationnot Wise Business
  • Team communication and knowledge sharingnot Wise Business

Wise Business

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

Where each one falls short

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

Loom

  • Free tier capped at 25 total videos with 5-minute maximum recording length per video
  • Free tier limited to 50 workspace members
  • AI features (auto-meeting recaps, auto-notes, auto-editing) only available on paid Business+AI and Enterprise tiers
  • Video branding (Loom logo) appears on free and Business plan videos; only removed on Business+AI tier

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

Loom

Free

No published plan breakdown. See the Loom review.

Wise Business

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

Which should you pick?

Choose Loom if

  • You need screen & camera recording.
  • You want to start without paying.
  • You also want instant sharing.
Loom 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 Loom or Wise Business better?
Neither clearly leads. Loom starts at Free and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Loom or Wise Business?
Loom has a free tier; the other does not. Paid plans start at Free for Loom and $29/month for Wise Business.
Does Loom or Wise Business run on more platforms?
Loom runs on Web. Wise Business runs on Web, Ios, Android, Api.
Can I use Loom for free?
Yes. Loom has a free tier, so you can try it without paying. Wise Business starts at $29/month.
What is Loom best used for?
Loom is most often used for asynchronous video communication and screen recording, product demonstrations and tutorials, meeting transcription and documentation, team communication and knowledge sharing. Of those, asynchronous video communication and screen recording and product demonstrations and tutorials are not what Wise Business is typically brought in for.
What can Loom do that Wise Business cannot?
Loom covers Screen & camera recording, Instant sharing, Video editing, Viewer analytics. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access.
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