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Accounting & Finance · head to head

Wise Business vs Fiken

Wise Business logo

Wise Business

Accounting & Finance

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite
Fiken logo

Fiken

Accounting & Finance

Norwegian accounting software for sole proprietors and small companies

From
On request
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; Fiken core functions beyond basic bookkeeping are unbundled add-ons billed separately, including bank connection, API access and payroll at 69-99 kr/month each on top of the 219 kr/month base plan (NOK)

Where they differ

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

Attributes where Wise Business and Fiken differ
AttributeWise BusinessFiken
Starting price$29/monthOn request
Pricing modelusage-basedsubscription
PlatformsWeb, Ios, Android, ApiWeb
Founded2011Unknown

Identical on both: 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
  • Xero
  • QuickBooks
  • Various

Only in Fiken

Nothing recorded that Wise Business does not also cover.

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 Fiken
  • Paying international suppliers and contractors at the mid market ratenot Fiken
  • Receiving payments into local currency account details in several countriesnot Fiken

Fiken

No use cases recorded yet. See the Fiken review.

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

Fiken

  • Core functions beyond basic bookkeeping are unbundled add-ons billed separately, including bank connection, API access and payroll at 69-99 kr/month each on top of the 219 kr/month base plan (NOK)
  • Tax filing is a separate annual add-on costing 1,290 kr for sole proprietors or 1,590 kr for AS companies, not included in the monthly subscription (NOK)

Pricing, plan by plan

Wise Business

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

Fiken

On request

No published plan breakdown. See the Fiken review.

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 Fiken if

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

Fiken review

Questions people ask

Is Wise Business or Fiken better?
Neither clearly leads. Wise Business starts at $29/month and Fiken at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Wise Business or Fiken?
Wise Business starts at $29/month and Fiken at On request.
Does Wise Business or Fiken run on more platforms?
Wise Business runs on Web, Ios, Android, Api. Fiken runs on Web.
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 Fiken is typically brought in for.
What can Wise Business do that Fiken cannot?
Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access.
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