Indy vs Monzo Business: Complete Comparison (2026)
An in-depth comparison of Indy and Monzo Business to help you choose the right tool for your business.
Last updated: November 2026
Indy
6.2/10
French accounting app with a free business account, invoicing, and automated tax filings for freelancers, sole traders, small companies, and property holders.
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 | 6.2/10 | 6.5/10 |
| Analytics | 5/10 | 4/10 |
| Compliance | 8/10 | 7/10 |
| Cost | 9/10 | 8/10 |
| Customization | 4/10 | 4/10 |
| Ease of Use | 8/10 | 9/10 |
| Integration | 3/10 | 6/10 |
| Scalability | 3/10 | 3/10 |
| Security | 6/10 | 7/10 |
| Support | 7/10 | 6/10 |
| Pricing | ||
| Free plan | Yes | Yes |
| Cheapest paid plan | €59/mo Autonomie (SAS, SASU, SARL, EURL) | £9/mo Pro |
| Estimated cost for 10 users | Free Essentiel | £25/mo Team |
| Features | ||
| Financial Reporting | ||
| General Ledger | ||
| Accountant Access | ||
| Corporate Cards | ||
| Invoicing | ||
| Online Payments | ||
| Tax Compliance | ||
| Bank Reconciliation | Not listed | |
| Expense Management | Not listed | |
| Multi-currency | Not listed | |
| Payroll | ||
Indy vs Monzo Business cost by team size
| Team size | Indy | Monzo Business |
|---|---|---|
| 1 user | FreeEssentiel | £9/moPro |
| 5 users | FreeEssentiel | £25/moTeam |
| 10 users | FreeEssentiel | £25/moTeam |
| 25 users | FreeEssentiel | FreeLite |
| 50 users | FreeEssentiel | 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 Indy
- Higher Analytics score (5/10 vs 4/10)
- Higher Compliance score (8/10 vs 7/10)
- Includes Financial Reporting, which Monzo Business lacks
- Includes General Ledger, which Monzo Business lacks
Why choose Monzo Business
- Higher Integration score (6/10 vs 3/10)
- Higher Ease of Use score (9/10 vs 8/10)
Pros & Cons
Indy
Pros
- The free plan includes unlimited invoicing, e-invoicing, bank sync, and a business account with a card.
- It pre-fills and e-files French tax returns such as VAT, 2035, CFE, and the liasse fiscale.
- Higher tiers add chartered accountant review, so you can upgrade without changing tools.
- It is rated 4.8 out of 5 on Trustpilot from more than 7,000 reviews, according to Legalstart.
Cons
- It does not run payroll or manage employees.
- It has very few third-party integrations.
- Lower tiers have no phone support; phone access starts with Sérénité.
- It is limited to French legal statuses, and complex bookkeeping such as fixed assets or provisions is poorly handled.
- The business account accepts no cash or cheque deposits.
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 6.2/10 for Indy. The largest gap is in Integration: 3/10 for Indy and 6/10 for Monzo Business.
Yes, both Indy and Monzo Business have a free plan.
Indy has Financial Reporting and General Ledger, which Monzo Business lacks.
