Holvi vs Monzo Business: Complete Comparison (2026)
An in-depth comparison of Holvi and Monzo Business to help you choose the right tool for your business.
Last updated: November 2026
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.
Monzo Business
6.5/10
Monzo Business is an app-based UK business bank account for sole traders and limited companies. It includes invoicing, Tax Pots, expense cards and accounting software bank feeds.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 5.5/10 | 6.5/10 |
| Scalability | 3/10 | 3/10 |
| Analytics | 4/10 | 4/10 |
| Compliance | 6/10 | 7/10 |
| Integration | 3/10 | 6/10 |
| Security | 6/10 | 7/10 |
| Support | 5/10 | 6/10 |
| Cost | 8/10 | 8/10 |
| Customization | 3/10 | 4/10 |
| Ease of Use | 8/10 | 9/10 |
| Pricing | ||
| Free plan | Yes | Yes |
| Cheapest paid plan | €9/mo Holvi Lite | £9/mo Pro |
| Estimated cost for 10 users | €9/mo Holvi Lite | £25/mo Team |
| Features | ||
| Accountant Access | ||
| Corporate Cards | ||
| Expense Management | ||
| Invoicing | ||
| Tax Compliance | ||
| Bank Reconciliation | Not listed | |
| Financial Reporting | Not listed | |
| General Ledger | Not listed | |
| Multi-currency | Not listed | |
| Multi-entity Consolidation | Not listed | |
| Online Payments | Not listed | |
| Payroll | Not listed | |
Holvi vs Monzo Business cost by team size
| Team size | Holvi | Monzo Business |
|---|---|---|
| 1 user | FreeHolvi Flex | £9/moPro |
| 5 users | €9/moHolvi Lite | £25/moTeam |
| 10 users | €9/moHolvi Lite | £25/moTeam |
| 25 users | €9/moHolvi Lite | FreeLite |
| 50 users | €9/moHolvi Lite | FreeLite |
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 Holvi
Our data shows no clear advantage over Monzo Business.
Why choose Monzo Business
- Higher Integration score (6/10 vs 3/10)
- Higher Compliance score (7/10 vs 6/10)
Pros & Cons
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.
Monzo Business
Pros
- The Lite plan is free and includes Making Tax Digital software
- Pro adds invoicing, Tax Pots and live feeds to Xero, QuickBooks, FreeAgent and Sage for £9 a month
- The Team plan adds expense cards, payment approvals and bulk payments for up to 15 users
- 24/7 in-app support on every plan
- Licensed UK bank with FSCS deposit protection
Cons
- Holds GBP only, and incoming foreign currency is converted at a 1% fee
- No general ledger or financial statements, so you still need separate accounting software
- Partnerships, LLPs, charities and non-UK businesses cannot open an account
- Cash deposits cost £1 each and are capped
- Reviews report frozen accounts and slow resolution, and there is no dedicated account manager
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 5.5/10 for Holvi. The largest gap is in Integration: 3/10 for Holvi and 6/10 for Monzo Business.
Yes, both Holvi and Monzo Business have a free plan.
