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Accounting & Finance · head to head

Wise Business vs Brex

Wise Business logo

Wise Business

Accounting & Finance

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite
Brex logo

Brex

Accounting & Finance

The financial stack for growing businesses

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP; Brex the free Essentials tier is limited to two legal entities
  • They diverge on capability: Wise Business covers Multi-currency accounts, Brex covers Corporate cards.

Where they differ

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

Attributes where Wise Business and Brex differ
AttributeWise BusinessBrex
Pricing modelusage-basedfreemium
PlatformsWeb, Ios, Android, ApiWeb, Ios, Android
Founded20112017

Identical on both: starting price ($29/month), free tier (No), user rating (Not yet rated), category (Accounting & Finance).

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 Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Various
  • FCA regulated
  • Bank-level security

Only in Brex

  • Corporate cards
  • Business accounts
  • Expense management
  • Bill pay
  • Travel
  • NetSuite
  • SOC 2
  • PCI DSS

Both cover

  • Xero
  • QuickBooks
  • Web support
  • Ios support
  • Android support

What people use each for

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

Wise Business

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

Brex

  • Corporate cards with spend controls for startupsnot Wise Business
  • Expense management and reimbursementsnot Wise Business
  • Travel booking inside the spend platformnot Wise Business
  • Bill pay and accounting system syncnot Wise Business
  • Multi-entity spend management on the paid tiersnot Wise Business

Where each one falls short

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

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

Brex

  • The free Essentials tier is limited to two legal entities
  • Premium is $12 per user per month, so cost scales with headcount using the card
  • Enterprise and Smart Card pricing is not published
  • Eligibility criteria are not stated anywhere on the pricing page, which matters for a product that extends credit

Pricing, plan by plan

Wise Business

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

Brex

$29/month
  • EssentialsFree
    • Corporate cards
    • Expense management
    • Bill pay
  • Premium$12/month
    • Advanced controls
    • Custom approvals
    • Travel booking

Which should you pick?

Choose Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Choose Brex if

  • You need corporate cards.
  • You work on Web, Ios, Android.
  • You also want business accounts.
Brex review

Questions people ask

Is Wise Business or Brex better?
Neither clearly leads. Wise Business starts at $29/month and Brex at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Wise Business or Brex?
Wise Business starts at $29/month and Brex at $29/month.
Does Wise Business or Brex run on more platforms?
Wise Business runs on Web, Ios, Android, Api. Brex runs on Web, Ios, Android.
What is Wise Business best used for?
Wise Business is most often used for holding and converting multiple currencies as a business, paying international suppliers and contractors at the mid market rate, receiving payments into local currency account details in several countries. Of those, holding and converting multiple currencies as a business and paying international suppliers and contractors at the mid market rate are not what Brex is typically brought in for.
What can Wise Business do that Brex cannot?
Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Brex covers Corporate cards, Business accounts, Expense management, Bill pay. Both handle Xero, QuickBooks, Web support, Ios support.
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