Is Pleo or RazorpayX better?

Neither clearly leads. Pleo starts at £9.5/month and RazorpayX at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.

Which is cheaper, Pleo or RazorpayX?

Pleo starts at £9.5/month and RazorpayX at On request.

Does Pleo or RazorpayX run on more platforms?

Pleo runs on iOS, Android, Web. RazorpayX runs on Web.

What is Pleo best used for?

Pleo is most often used for employee expenses, spending autonomy, expense automation. Of those, employee expenses and spending autonomy are not what RazorpayX is typically brought in for.

What can Pleo do that RazorpayX cannot?

Pleo covers Company cards, Receipt capture, Expense categorization, Spend limits. RazorpayX covers Current account, Payout API, Bulk payouts, Payout links.

Accounting · head to head

Pleo vs RazorpayX

Pleo

Accounting

Smart company cards for forward-thinking teams

From: £9.5/month
Rated: -

Full review Website

RazorpayX

Accounting

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

From: On request
Rated: -

Full review Website

The short version

Each has a real cost: Pleo card delays and transaction limits impact usability, with limited regional acceptance in some areas; 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: Pleo covers Company cards, RazorpayX covers Current account.
Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Pleo and RazorpayX actually diverge.

Attributes where Pleo and RazorpayX differ
Attribute	Pleo	RazorpayX
Starting price	£9.5/month	On request
Pricing model	Unknown	usage-based
Platforms	iOS, Android, Web	Web
Founded	2015	Unknown

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 Pleo

Company cards
Receipt capture
Expense categorization
Spend limits
Accounting sync
Xero
QuickBooks
Sage

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.

Pleo

Employee expensesnot RazorpayX
Spending autonomynot RazorpayX
Expense automationnot RazorpayX

RazorpayX

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

Where each one falls short

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

Pleo

Card delays and transaction limits impact usability, with limited regional acceptance in some areas
Receipt capture OCR inaccuracies and upload lag/glitches complicate expense categorization
Limited expense categories and tags reduce flexibility for complex accounting structures
Transaction approval workflows have minimal customization options
Lacks in-built forecasting tools and reporting is basic, providing limited insights into trends

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

Pleo

£9.5/month

Starter$9.5/month
- Company cards
- Real-time expense tracking
- Automated reports
Essential$39/month
- Reimbursements
- Mileage and per diem
- Vendor cards
Advanced$89/month
- Cashback
- Budgets
- Multi-entity management
Beyond$179/month
- Spending insights
- Sub-wallets
- Dedicated success manager

RazorpayX

On request

No published plan breakdown. See the RazorpayX review.

Which should you pick?

Choose Pleo if

You need company cards.
You work on iOS, Android, Web.
You also want receipt capture.

Pleo review

Choose RazorpayX if

You need current account.
You also want payout api.

RazorpayX review

Questions people ask

Is Pleo or RazorpayX better?: Neither clearly leads. Pleo starts at £9.5/month and RazorpayX at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Pleo or RazorpayX?: Pleo starts at £9.5/month and RazorpayX at On request.
Does Pleo or RazorpayX run on more platforms?: Pleo runs on iOS, Android, Web. RazorpayX runs on Web.
What is Pleo best used for?: Pleo is most often used for employee expenses, spending autonomy, expense automation. Of those, employee expenses and spending autonomy are not what RazorpayX is typically brought in for.
What can Pleo do that RazorpayX cannot?: Pleo covers Company cards, Receipt capture, Expense categorization, Spend limits. RazorpayX covers Current account, Payout API, Bulk payouts, Payout links.

Answered from the vendors’ own pages

Pleo: What are Pleo's pricing tiers?

Pleo offers four pricing tiers: Starter (GBP 9.50/month), Essential (GBP 39.00/month), Advanced (GBP 89.00/month), and Beyond (GBP 179.00/month). Annual billing provides equivalent of two free months.

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.

Pleo: Does Pleo have a free tier?

No, Pleo does not offer a free tier or permanent free plan. All plans require payment with a free trial available for evaluation.

Source

RazorpayX: Can a company registered outside India use it?

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

Pleo: What integrations does Pleo support for accounting?

Pleo integrates directly with Xero and QuickBooks, plus Sage 200, Sage 50, Microsoft Dynamics 365 Business Central, Datev, and Visma e-conomic. Zapier integrations are also available.

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.

Pleo: What platforms can access Pleo?

Pleo is accessible via iOS and Android mobile apps, and through a web interface. Physical and virtual cards are issued for spending.

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.

Pleo: Does Pleo support multiple currencies?

Yes, Pleo supports multi-currency spending and transactions. The platform is particularly strong for European teams with local payment methods.

Source

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.

Pleo vs RazorpayX

Pleo

RazorpayX

The short version

Where they differ

What each one covers

Only in Pleo

Only in RazorpayX

What people use each for

Pleo

RazorpayX

Where each one falls short

Pleo

RazorpayX

Pricing, plan by plan

Pleo

RazorpayX

Which should you pick?

Choose Pleo if

Choose RazorpayX if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on Pleo

More on RazorpayX

Keep looking

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