Finofo vs Wise: When “Cheap FX” Isn’t Enough

Wise is great for freelancers, solo entrepreneurs and micro‑businesses.
But when your finance team needs end to end AP Automation, multi‑entity treasury, bulk global payments and approval workflows with real visibility, Wise falls short.
Finofo scales with you.
See Finofo in action

Why this comparison matters

Wise is a fast, low-cost FX and payment tool, not a finance platform.Finofo replaces your entire AP and treasury stack with automation that works anywhere.

Capture invoices and POs from email, WhatsApp, or drag-and-drop — no format rules.
Match at the line level with 3-way tolerance rules.
Post to ERP automatically with full GL, location, and department coding.
Approve and collaborate in real-time — no email loops.
Pay in 190+ countries from named multi-currency accounts with automatic reconciliation.

Why this comparison matters

Wise is a fast, low-cost FX and payment tool, not a finance platform.
Finofo replaces your entire AP and treasury stack with automation that works anywhere

Capture invoices and POs from email, WhatsApp, or drag-and-drop — no format rules.
Match at the line level with 3-way tolerance rules.
Post to ERP automatically with full GL, location, and department coding.
Approve and collaborate in real-time — no email loops.
Pay in 190+ countries from named multi-currency accounts with automatic reconciliation.

What Wise simplifies and what Finofo supercharges

Features
Finofo
Wise
Invoice capture
AI-powered ingestion from email, text, chat, or upload
Not supported — no invoice capture functionality
Matching & exceptions
AI 2- and 3-way line-level matching with PO/GRN tolerance controls
Not supported.                       
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ERP integrations
Post clean, coded entries back to any ERP — or run without one
No ERP sync, no accounting integrations for AP
Approvals & collaboration
Real-time comments, mentions, shared timelines
None — not built for teams or workflows
Payments
Pay in 190+ countries from named multi-currency accounts                                 
Supports international payments; no approval flow, limited payee context
FX & treasury
Collect, Hold, convert, and manage currency accounts like a global bank                                
FX rates are strong, but treasury control is basic
Pricing
Competitive FX rates, but its fees can include account funding fees and other costs
Transparent, flat and fixed rates with real-time conversions
Multi-entity scale
Built for multi-entity, multi-location finance ops                 
Designed for single-entity or micro teams

What Wise simplifies and what Finofo supercharges

Features
Finofo
Wise
Invoice capture
AI-powered ingestion from email, text, chat, or upload
Not supported — no invoice capture functionality
Matching & exceptions
AI 2- and 3-way line-level matching with PO/GRN tolerance controls
Not supported
ERP integrations
Post clean, coded entries back to any ERP — or run without one
No ERP sync, no accounting integrations for AP
Approvals & collaboration
Real-time comments, mentions, shared timelines
None — not
built for teams
or workflows
Payments
Pay in 190+ countries from named multi-currency accounts
Supports international payments; no approval flow, limited payee context
FX & treasury
Collect, Hold, convert, and manage currency accounts like a global bank
FX rates are strong, but treasury control is basic
Multi-entity scale
Built for multi-entity, multi-location finance ops
Designed for single-entity or micro teams

When You Should Choose Finofo

.  You need real finance automation — not just FX wires.

.  You run multiple entities or currencies and need visibility across them.

.  You want invoices, approvals, ERP sync and payments in one platform.

.  You want true collaboration — built for teams, not just transactions

When Wise Might Still Fit

.  You’re a freelancer or micro-business moving money across borders.

.  You don’t need invoices, approvals, or ERP sync.

.  You’re cost-sensitive and fine with manual workarounds.

.  You have no finance team — just a bank account and transfers.

Finofo gives you one platform and not a patchwork of tools

AP automation without added fees

Automate approvals, uploads, and global payments — without per-invoice charges. Finofo gives you the same AP features, minus the markup.

Global receivables, built-in

Collect payments like a local in 25+ currencies with no incoming wire fees.One platform to accelerate international receivables.

Multi-currency treasury control

Open and hold multi-currency accounts for free, convert funds instantly, and monitor cash across all entities.Your treasury, centralized and flexible.

Connect your ERP once. Automate everything.

Syncs with NetSuite, QuickBooks, Xero and more. Pull bills in. Push transactions out. No more manual uploads or data entry.

Features
Accounts PayableDocument Hub3 Way PO MatchingCollaborationApproval WorkflowsBulk PaymentsGlobal ReceivablesCurrency ConversionsTreasury ManagementIntegrationsSecurity
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