Fortnox vs Holvi: Complete Comparison (2026)
An in-depth comparison of Fortnox and Holvi to help you choose the right tool for your business.
Last updated: November 2026
Fortnox
6.5/10
Swedish cloud accounting platform covering bookkeeping, invoicing, payroll, supplier invoice approval and reporting for small and mid-sized Swedish businesses and accounting firms.
Holvi
5.5/10
Holvi is a business account with invoicing, receipt capture and bookkeeping prep for freelancers and small companies in Finland, Germany and Austria.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 5.5/10 |
| Scalability | 6/10 | 3/10 |
| Analytics | 5/10 | 4/10 |
| Compliance | 7/10 | 6/10 |
| Integration | 8/10 | 3/10 |
| Security | 6/10 | 6/10 |
| Support | 7/10 | 5/10 |
| Cost | 6/10 | 8/10 |
| Customization | 5/10 | 3/10 |
| Ease of Use | 7/10 | 8/10 |
| Pricing | ||
| Free plan | No | Yes |
| Cheapest paid plan | SEK 238/mo Mini | €9/mo Holvi Lite |
| Estimated cost for 10 users | SEK 238/mo Mini | €9/mo Holvi Lite |
| Features | ||
| Accountant Access | ||
| Corporate Cards | ||
| Expense Management | ||
| Invoicing | ||
| Accounts Payable | Not listed | |
| Bank Reconciliation | Not listed | |
| Financial Reporting | Not listed | |
| General Ledger | Not listed | |
| Multi-entity Consolidation | Not listed | |
| Payroll | Not listed | |
| Tax Compliance | Not listed | |
Fortnox vs Holvi cost by team size
| Team size | Fortnox | Holvi |
|---|---|---|
| 1 user | SEK 238/moMini | FreeHolvi Flex |
| 5 users | SEK 238/moMini | €9/moHolvi Lite |
| 10 users | SEK 238/moMini | €9/moHolvi Lite |
| 25 users | SEK 238/moMini | €9/moHolvi Lite |
| 50 users | SEK 238/moMini | €9/moHolvi Lite |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose Fortnox
- Higher Integration score (8/10 vs 3/10)
- Higher Scalability score (6/10 vs 3/10)
- Better fit for enterprise (3/10 vs 1/10)
- Better fit for small business (9/10 vs 7/10)
Why choose Holvi
- Has a free plan (Fortnox does not)
- Higher Cost score (8/10 vs 6/10)
- Higher Ease of Use score (8/10 vs 7/10)
Pros & Cons
Fortnox
Pros
- More than 500 integrations, and one 189 kr licence covers all of them.
- A single platform covers bookkeeping, invoicing, payroll, supplier invoice approval, payments and a company card, which suits Swedish SMEs.
- Accounting firms get a dedicated bureau package for working in their clients' books.
- New companies get six months free, and every new subscription has a 30-day open purchase period.
- Trustpilot and Shopify app reviewers frequently praise customer service and sync reliability.
Cons
- Usage fees for invoices, paid employees and interpretations, plus an Access fee that scales with activity, make total cost hard to predict.
- Three-month agreements cost 15 percent more than the 12-month list prices.
- The product is Swedish-focused, and users have asked for an English interface.
- Some users call the reporting tools dated and say neobank integrations such as Revolut are missing.
Holvi
Pros
- The free Flex plan gives sole traders an IBAN and a virtual card with no monthly fee.
- Invoicing, payment matching and receipt scanning all happen in the same app as the bank account.
- The Lite and Pro plans include accountant access for handing over the books.
- Finnish customers can add a done-for-you bookkeeping service.
Cons
- Holvi only serves Finland, Germany and Austria.
- On Flex, per-transfer fees add up quickly as volume grows.
- It is not a full double-entry accounting system and has no consolidation or forecasting.
- Some reviews on G2 and Trustpilot complain of sudden account freezes or closures.
- Currency exchange carries a 1 percent fee.
Not sold on either?
Frequently Asked Questions
Fortnox scores higher on our Finance Software criteria: 6.5/10 against 5.5/10 for Holvi. The largest gap is in Integration: 8/10 for Fortnox and 3/10 for Holvi.
Holvi has a free plan; Fortnox does not list one.
Fortnox is the better fit for enterprise: we rate it 3/10 for them, against 1/10 for Holvi.
