Software Comparison
Soldo vs Wise Business - Irish fintech Software Compared
Choosing between Soldo and Wise Business is one of the most common decisions Irish businesses face when evaluating fintech software. This comparison breaks down everything an Irish SME needs to know, from Revenue integration and GDPR data residency to pricing and ease of use.
Last checked: 08 Jun 2026 data estimated for at least one vendor - confirm with the vendor Methodology
Quick Verdict
Soldo wins for Irish SMEs with 10 or more staff who need departmental spend controls, multi-cardholder expense management, and a spend platform regulated directly by the Central Bank of Ireland.
Soldo vs Wise Business - Feature Comparison
| Feature | Soldo | Wise Business |
|---|---|---|
| Irish Regulatory Status | Directly authorised by the Central Bank of Ireland as an e-money institution (CBI reference C179925). Not passporting in from another EU state. | Authorised by the Belgian National Bank as an e-money institution. Serves Irish customers under EU passporting arrangements. |
| IBAN Issued to Irish Customers | IE-prefix IBAN issued via Soldo Financial Services Ireland DAC (BIC SFSDIE22). | Belgian BE-prefix IBAN issued as standard to Irish business accounts. |
| Multi-currency FX | Multi-currency wallets available on Plus tier and above. FX margins are not mid-market and are uncompetitive for regular international supplier payments. | Near mid-market FX rates across 40-plus currencies. Transparent per-transfer fee. Strong fit for regular international payments. |
| Spend Controls and Expense Management | Per-card budget limits, merchant category restrictions, time-based rules, approval workflows, and departmental wallets. OCR receipt capture with Irish multi-rate VAT detection on Plus tier. | Visa business debit card issued. No departmental wallet structure, no per-card merchant restrictions, and no VAT OCR receipt capture. |
| Accounting Integrations | Xero, QuickBooks Online, Sage Intacct, NetSuite, Microsoft Dynamics 365, Exact Online, DATEV, SAP Concur, and TravelPerk. | Xero, QuickBooks Online, and FreeAgent. |
| Irish Bank Feeds | No native bank feed into AIB, Bank of Ireland, or Permanent TSB. Reconciliation runs through the accounting platform integration. | Direct transaction sync to Xero, QuickBooks, and FreeAgent. No native feed into AIB, Bank of Ireland, or Permanent TSB. |
| GDPR Data Residency | EU data residency. Receipt images stored in Soldo satisfy Revenue six-year retention requirements under Section 886 of the Taxes Consolidation Act 1997. | EU data residency. |
Irish Compliance and Pricing Matrix
A side-by-side data comparison of pricing and Irish regulatory compliance for Soldo and Wise Business. Values are derived from each vendor's published data and verified weekly.
| Requirement | Soldo | Wise Business |
|---|---|---|
| Pricing | ||
| Starting price | From €21/month | Free tier available |
| Pricing model | Monthly flat rate | Usage-based |
| EUR pricing guaranteed | ✗ | ✓ |
| Free trial | ✗ | ✓ |
| Irish Compliance | ||
| Revenue (ROS) integration | ✗ | ✗ |
| PAYE Modernisation | ✗ | ✗ |
| Irish bank feeds | ✗ | ✓ |
| Bank compatibility | None listed | SEPA Credit Transfer, SEPA Direct Debit (incoming) |
| SEPA direct debit | ✓ | ✓ |
| Irish IBAN support | ✓ | ✗ |
| VAT handling | ✓ | ✗ |
| EU data residency (GDPR) | EU only | EU only |
| Irish support | ✗ | ✗ |
| Revenue-approved | ✗ | ✗ |
| CBI regulated | ✓ | ✗ |
Irish Compliance Comparison
For Irish businesses, compliance with Revenue, GDPR, and local banking standards is non-negotiable. Here is how Soldo and Wise Business compare on the requirements that matter most to Irish SMEs.
Revenue Integration
Neither Soldo nor Wise Business offers native Revenue Online Service integration. Irish businesses in fintech may not need this feature directly, but should ensure their accounting software handles Revenue compliance separately.
Irish Bank Feeds
Soldo supports no Irish banks directly. Wise Business supports SEPA Credit Transfer, SEPA Direct Debit (incoming). Wise Business has broader Irish bank compatibility, which matters if you bank with SEPA Credit Transfer or SEPA Direct Debit (incoming) - you will get automatic bank feeds or SEPA payment file support that Soldo cannot offer.
GDPR Data Residency
Both Soldo and Wise Business store data in EU data centres, providing strong GDPR compliance out of the box. Irish businesses can use either platform without worrying about cross-border data transfers to the US or other non-EU jurisdictions.
SEPA and IBAN Support
Both Soldo and Wise Business support SEPA Direct Debit and Irish IBAN format. This means you can process euro payments, set up direct debits, and handle bank transfers in the standard European format without any manual workarounds.
VAT Handling
Soldo includes Irish VAT handling for return preparation and submission. Wise Business does not handle VAT natively - Irish businesses using Wise Business will need their accounting software to manage VAT obligations separately.
Pricing Comparison
All prices below are in euro. Pricing can change - we verify vendor pricing weekly, but always confirm on the vendor's website before purchasing.
Soldo
€21 /mo
- Pricing model: Flat rate
- Free trial: No
- EUR pricing guaranteed: No - may fluctuate with exchange rates
Wise Business
Free tier
- Pricing model: Usage-based
- Free trial: Yes
- EUR pricing guaranteed: Yes
Wise Business does not publish entry-level pricing - request a quote directly. Total cost of ownership depends on users, plan tier, add-ons and features, so always calculate the full annual cost for your team size before committing.
Who Should Choose Soldo
Soldo is the better fit if your business matches one or more of these profiles:
- ✓ Growing businesses with 21-50 employees that need a platform which scales
- ✓ Those who value: soldo financial services ireland dac is directly authorised by the central bank of ireland (e-money institution c179925), not passporting in from another eu state.
- ✓ Those who value: issues ie-prefix ibans via the irish dac, which removes friction for revenue, payroll, and sepa direct debit creditor setups versus pleo (dk), spendesk (fr) and payhawk (bg).
Who Should Choose Wise Business
Wise Business is the better fit if your business matches one or more of these profiles:
- ✓ Businesses banking with SEPA Credit Transfer, SEPA Direct Debit (incoming) who want reliable bank feed or payment file support
- ✓ Those who prioritise user satisfaction - Wise Business has a higher editorial rating (4/5)
- ✓ Those who value: near mid-market fx rates across 40+ currencies
Our Verdict
Soldo wins for Irish SMEs with 10 or more staff who need departmental spend controls, multi-cardholder expense management, and a spend platform regulated directly by the Central Bank of Ireland. The decisive Irish-specific differentiator is regulatory structure: Soldo Financial Services Ireland DAC is authorised by the Central Bank of Ireland (reference C179925) and issues IE-prefix IBANs to Irish business wallets, where Wise Business is authorised by the Belgian National Bank and issues Belgian BE IBANs to Irish customers, which adds friction when reconciling SEPA top-ups against an AIB or Bank of Ireland statement. Wise Business wins for Irish freelancers, exporters, and small agencies in the one to twenty staff range whose primary need is low-cost multi-currency FX, because its near-mid-market rates across 40-plus currencies are materially cheaper than Soldo for businesses paying suppliers or receiving income outside the eurozone.
Neither vendor offers Revenue Online Service integration, PAYE Modernisation handling, or a native bank feed into AIB, Bank of Ireland, or Permanent TSB on the banking side, and neither holds funds under the Irish Deposit Guarantee Scheme. Choosing between them comes down to business profile: Soldo is a spend control and expense management platform suited to teams with multiple cardholders, while Wise Business is a multi-currency account suited to internationally billing sole traders and micro-businesses that want transparent FX costs.
Ultimately, the best choice depends on your specific business needs, team size, and priorities. We recommend taking advantage of free trials from both vendors before making your final decision. If you are working with an Irish accountant or payroll bureau, ask which platform they prefer - their familiarity with the software can save you significant time and hassle during setup and ongoing support.
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