Exploring the Best Wise and Revolut Business Alternatives in the EU (2024)

Why companies should look for a replacement to Wise and Revolut, and what to choose.

The European financial landscape is evolving fast, thanks to digital banking and international money transfer services. Top companies like Wise and Revolut have transformed how we handle currency exchange and offer seamless, low-cost cross-border solutions.According to Juniper Research, more than half of the world’s population will engage in digital banking in 2026. Consequently, it’s unsurprising to see new players emerge to deliver more streamlined finance solutions to users. These options offer transparent transfer fees, competitive exchange & interbank rates, and efficient ways to manage your bank accounts across many countries. In this guide, we’ll discuss five services, comparing their features, fees, and user experience to help you find the right fit.

Looking Beyond Wise and Revolut: Explore These Leading Alternatives

Indeed, Wise and Revolut have made strides in simplifying international payments. Yet, the demand for even more innovation is clear. The time has come to explore alternatives that can provide better services to suit your financial needs. They include:

Narvi Payments
Holvi
3s.money
Flyfish
N26

Narvi Payments: An All-in-one Payment Solution for Businesses of all Sizes

Narvi Payments is a Finland-regulated Electronic Money Institution (EMI). As a good alternative to owning a Wise account, it offers an advanced integrated banking solution for businesses, including small and medium enterprises (SMEs), seeking efficient payment handling with local and international clients.It’s fast becoming the preferred option for companies that want seamless, cross-border financial operations. With Narvi, customers can enjoy transparent, customized services and a regulated environment.The onboarding process is intuitive and designed to streamline the business account setup. Customers can open a dedicated IBAN (International Bank Account Number) in just a few steps, facilitating SEPA payments across Europe and traceable SWIFT payments globally. Thanks to its robust regulatory backing and user-friendly infrastructure, businesses can enjoy flexible payment options without compromising compliance.

How Narvi Payments Differs from Wise and RevolutUnlike Wise and Revolut, which primarily cater to individuals and small businesses looking for lightweight payment solutions, Narvi Payments is explicitly built for SMEs that require more advanced features. These include IBAN accounts and access to SEPA (Swift Euro Payment Area) and SWIFT payments.Another significant perk is that it’s regulated by the Finnish Financial Supervisory Authority (FIN-FSA). This adds credibility and security, particularly for businesses worried about compliance in the highly regulated space.Narvi is also known for its robust customer verification (KYC) process—an attractive perk for SMEs operating in high-risk sectors or handling large transaction volumes. Finally, Narvi’s fee structure is entirely tailored to the company’s needs and service usage, unlike Wise and Revolut’s standard fee systems. This signals that instead of rejecting a company right away, Narvi might ask additional questions and potentially offer tailored pricing to reflect the risk and the nature of operations.Narvi Payments is the right fit when:

A business needs a euro IBAN in a trusted country like Finland.
A company handles both local European and international payments and also wants to avoid the limitations or higher costs often associated with less-regulated countries.
An SME requires a tailored, flexible banking solution that adapts to evolving needs.
Robust KYC processes and adherence to compliance are non-negotiable, particularly in regulated industries.

Narvi Payments Pricing

Narvi Payments caters to these three types of businesses currently:

European Startups: These are incorporated within the European Economic Area (EEA), with resident directors operating low-risk business models.
International Companies: These firms are found in countries outside the EEA or may have directors outside it.
Medium Risk: This classification applies to businesses that carry a substantial risk due to the nature of their operations or regulatory requirements.

For more information, consider its pricing table. Interested in exploring Narvi further? Read on to find use cases and a link to book a demo call or start creating your account.

Narvi Payments Pros1. Dedicated IBAN Accounts
Narvi provides unique Finnish IBANs for businesses across Europe. These offer credibility and ease of cross-border payments, especially in regions where certain countries’ IBANs may face restrictions.2. Transparent Pricing
Narvi doesn’t have a standard monthly fee. Its pricing is customized based on each organization’s specific needs and transaction volumes. Thus, companies can pay for their required services without incurring unneeded costs.3. Global Payment Reach
It supports SEPA and SWIFT payments, allowing customers to process transactions within Europe and worldwide. Thus, businesses can scale their operations quickly without worrying about the limitations associated with local banking systems.4. Customizable Platform
Narvi’s API-driven platform allows for flexible customization so that businesses can integrate and tailor the services to their specific needs. This flexibility offers a much more bespoke experience compared to other platforms.5. Multi-User Access
Narvi’s multi-user access feature gives you complete control over who can manage your business account. Users with full access can invite others, make transfers, view transactions, and download statements. There’s also view-only access, perfect for shareholders and auditors who only need to monitor financials.Narvi Payment Cons1. Limited Individual Services
This platform is designed with businesses in mind. It's not tailored to individuals. And sole traders looking for simple international wire transfers will enjoy using Narvi but will end up underutilizing its features. However, if their operations scale in the future, their Narvi account will be there to support the growing business.2. Tailored Pricing
While Narvi’s flexible pricing model can be a huge perk for some companies, it may not appeal to those who prefer structured monthly costs. These businesses will have to go through the onboarding process to know their exact pricing.User ExperienceNarvi Payments delivers a smooth, fast, and simple business experience. Its fully digital onboarding can be completed in 10 minutes, and the small team strives to approve accounts as fast as possible, depending on the case, and payments within a day. The dashboard is clean and intuitive, making it easy to track payments, send money, and manage multiple companies all in one place.

Holvi: An Online Digital Banking Service With Invoicing and Expense Tracking

Holvi is an online banking solution designed for freelancers and small businesses. Based in Finland, it offers various tools to simplify financial management, such as creating professional invoices, managing expenses, and integrating accounting features.This platform is regulated by the Finnish Financial Supervisory Authority (FIN-FSA), which ensures secure financial services for its customers across the European Economic Area (EEA). Thus, small businesses can access features such as a business IBAN, expense management, and receipt scanning. The goal? To make managing a small business’ finances more efficient.

How Holvi Stands Out from Wise and Revolut

Unlike Wise, which specializes in international wire transfers, Holvi focuses on small business needs. Being a good alternative, it integrates invoicing and accounting, allowing owners to manage their finances end-to-end.While Revolut provides more general banking services with more features, Holvi keeps things simple. It allows businesses to have their banking and bookkeeping needs in one place without needing external accounting software.Another significant difference is Holvi’s local focus, specifically in Finland and Germany. The region’s regulatory backing ensures it delivers a more customized banking experience, which is great for businesses needing support and compliance in those specific regions.In practice, some companies open a Holvi account to be able to use more payment cards than what their main bank is willing to issue.

Holvi Pricing

Holvi offers two pricing tiers:

Holvi Lite: €9 per month + VAT.
Holvi Pro: €15 per month + VAT.

Pros

1. Complete Financial Package
Holvi offers a suite of financial tools that include invoicing, expense tracking, and bookkeeping. This enables small businesses to handle everything on one platform rather than juggling multiple apps.2. Regulated and Secure
The FIN-FSA regulates the platform and operates under strict security measures, including SSL encryption and two-factor authentication (2FA). These ensure increased security for business funds and sensitive financial data.3. User-friendly Interface
Holvi offers a smooth experience thanks to its intuitive dashboard and clean mobile app. Users can track expenses, attach receipts, and create invoices with minimal hassle.4. Detailed Reporting
Its reporting tools provide instant insights into a business’s performance, allowing you to monitor your finances and budget more effectively.

Cons

1. Higher Fees for Advanced Features
Holvi’s advanced banking features incur a higher monthly cost. These fees can quickly add up for small companies that may not require all the options.2. Limited International Focus
Holvi is mainly available to businesses in Finland and Germany. If you want to expand operations across Europe, you may have to consider other options. It also doesn’t support payments in multiple currencies.3. No API or Integration Options
The platform also lacks integration with third-party software, which is a disadvantage for firms that need a more customizable experience.4. Not Tailored to Scaleups
Having banking and invoicing features in a neobanking service is common. But when the receipt-scanning and bookkeeping service is also part of the package, this tells you that the target user of Holvi is a small-scale operator that needs an all-in-one package. For a more scaled entity, bookkeeping tends to be a separate software integrated with banking via APIs.

User Experience

Holvi says they transform how freelancers and small business owners handle their finances. With a 4.0-star review from 2,000+ users on Trustpilot, clients talk about its simplicity. Notably, opening an account is a breeze, thanks to an onboarding process that involves a quick video call.

3s.money: A NeoBank That Makes International Transactions Easy

3s.money is a German neobank designed specifically for SMEs. It aims to provide such firms with essential financial tools that streamline international operations. Despite being a relatively new player in the fintech space, this platform is reputable for its robust services and personalized approach.Here are the core services it provides to simplify customers’ financial operations:

Business accounts with German IBANs: This feature allows companies to operate seamlessly within the EU by offering accounts that support international money transfers.
Debit and credit cards: It offers traditional card solutions to complement its business accounts, which ease access to funds for daily expenses.
Accounting software integrations: SMEs can connect their business accounts to popular accounting software for easy expense tracking, transaction automation, and efficient financial record keeping.
Multi-currency transactions: It allows SMEs to conduct payments in over 65 foreign currencies. This ensures smooth global operations without the headache of constantly managing currency exchange conversions.
Key regulatory support: As a registered neobank under the German Federal Financial Supervisory Authority (BaFin), 3s.money operates under strict compliance standards.

How 3s.money Differs from Wise and Revolut

3s.money serves small and medium-sized businesses by providing multi-currency accounts with local IBANs in many European countries. It also supports high-risk industries and offers personalized customer service for firms with complex requirements.It’s a perfect fit for:

Businesses that require global financial solutions and want to avoid the red tape often associated with traditional banks.
Companies in the importing and exporting, e-commerce, and manufacturing industries.
SMEs looking to scale internationally without the hassle of high fees or complicated processes.
Businesses that prioritize personalized customer service. 3s.money assigns each account to a personal account manager so that they can receive needed support.

Notably, its operations are far-reaching, delivering solutions to firms in over 200 countries. However, this neobank excludes certain high-risk regions in compliance with international sanctions. They include Afghanistan, Russia, North Korea, and Syria.

3s.money Pricing

Here are its pricing options:

Starter: $25/month. It includes customer service in 12 languages and access to SWIFT, SEPA, and faster payment networks.
Standard: $100/month. It includes two account users & a personal manager.
Enterprise: $300/month. Up to five account users.
Enterprise Plus: Bespoke/month. Businesses receive 71% savings on transaction fees, API integrations, and ten account users.

Pros of 3s.money

1. Flexible Onboarding Process
It allows businesses from over 200 countries to open accounts. This inclusivity is a huge plus for those who struggle to comply with banks and financial institutions’ rigid procedures and compliance. It’s also excellent for firms with multi-country operations or cross-border transactions.2. Specialized Industry Support
It supports various industries, including agriculture, IT, construction, and luxury goods. This versatility makes it an excellent fit for companies with diverse operations. 3. Advanced Security
It boasts industry-grade security measures. These include biometric authentication, two-factor authentication (2FA), and real-time fraud detection systems to protect against potential cyber threats and fraudulent activities.

Cons of 3S.money

1. No Support for High-risk Industries
Despite what some market actors say, according to the FAQ, 3s.money doesn’t onboard high-risk sectors such as cryptocurrency, gambling, and adult services. So, if your business is in these industries, you’ll need to explore other banking solutions. 2. Account Maintenance Requirements
It requires businesses to maintain a minimum account balance before fully accessing its solutions. This can be a deal breaker for small firms or startups with limited financial resources.3. Lack of Business Cards
The platform doesn’t offer business cards. This can be inconvenient for businesses that rely on card-based expenses for their daily operations.

User Experience

3s.money is a well-rated fintech platform on Trustpilot designed for businesses handling transactions to a destination country. Users love its personalized customer service, with dedicated account managers providing excellent support. Furthermore, its fees are transparent, with no charges for opening accounts or receiving payments, though extra fees apply for some services.

Flyfish: A Unique Banking Service with Streamlined Financial Tools

Flyfish offers compelling banking solutions for businesses needing dedicated IBANs and a robust platform to manage corporate finances. Based in Cyprus, it takes a streamlined approach to business banking and focuses on efficient financial management tools.The platform’s strengths lie in expense management and automated payroll, making it a good alternative for those looking to streamline their financial operations within the Eurozone.

How Flyfish Differs from Wise and Revolut

Flyfish distinguishes itself from Wise and Revolut with its specialized focus on Euro IBANs. It provides a more niche service with an emphasis on Euro transactions. However, Flyfish’s regulatory environment in Cyprus may limit its ability to operate across various European markets compared to the broader reach of its competitors.

Flyfish Pricing

Flyfish offers a simple user account and is free to use. Limited pricing information on the website indicates that one needs to request it from customer support or discover service fees after onboarding.

Flyfish Pros

1. Dedicated Euro IBANs
Flyfish provides businesses with Euro-specific IBANs, which makes it ideal for operating primarily within the Eurozone.2. Streamlined Expense Management
The platform allows organizations to monitor expenses in real-time and set spending limits on corporate debit cards for enhanced budget control.3. Automated Payroll
Flyfish automates employee payments for companies. This ensures timely and error-free salary disbursements, thereby boosting overall productivity.4. User-Friendly Platform
The platform is accessible via mobile and desktop. It’s designed for easy use and regular updates to maintain performance.

Flyfish Cons

1. Limited Currency Support
It focuses on Euro transactions and doesn’t support as many foreign currencies as its competitors.2. Regulatory Framework
Since the company is based in Cyprus, it can’t offer the same level of scrutiny as other EU jurisdictions, which could affect its operational reach.

User Experience

Signing up on Flyfish is quick, with same-day approval in most cases. The platform lets businesses monitor expenses and set spending limits for their employees. It also automates employee payments, ensuring timely and error-free payroll, which boosts productivity. Its simple, intuitive platform works across devices and gets regular updates for users to stay efficient.

N26: A Digital Bank with Global-Friendly Features

N26 is another Germany-based digital bank that has become a key player in modern finance since 2013. Headquartered in Berlin, it started by focusing on consumer accounts in Europe and now caters to over 7 million customers globally. Even though N26's individual banking services are well-developed, features for corporates leave something to be desired.This neobank operates entirely online and offers several features that make it a noteworthy banking platform for individuals.

How N26 Differs From Wise and Revolut

N26 is consumer-focused. Rather than companies or international travelers, its audiences are everyday users looking for a straightforward mobile banking experience.Compared to leading players with dynamic, feature-packed apps, N26’s interface feels more traditional. It’s reminiscent of “old-school” banking, so if you’re looking for a fluid and innovative UX, this platform may be a letdown.Overall, N26 is ideal for:

Customers looking for an easy-to-use, no-fuss digital banking experience.
Clients who want to manage everyday finances and track spending without monthly fees,
Users in Europe who don’t need extra banking features like loans, investment products, or international business solutions.

N26 Pricing

Four bank accounts are available to customers at N26:

Standard: Virtual card, €0.00/month
Smart: Physical card, €4.90/month
You: Physical card, €9.90/month
Metal: Metal card, €16.90/month

N26 Pros

1. No Monthly Fees
One of the significant draws of N26 is its fee-free structure. Opening and maintaining an account comes without monthly charges, which is attractive to users on a budget.2. Free ATM Withdrawals
N26 offers unlimited free withdrawals at Allpoint ATMs which can be found, for instance, in the United Kingdom, Canada, and Australia.3. In-app Spending Analytics
N26’s app includes built-in spending analytics, categorizing transactions and giving users insights into their finances.

N26 Cons

1. Limited Business Features
Unlike the competition, N26 has limited features for business users and focuses on personal accounts. This leaves even small business owners to look elsewhere for a broader range of comprehensive services.2. ATM Fees Outside Allpoint Network
While withdrawals within the Allpoint network are free, users can face a fee for using out-of-network ATMs. These charges can add up quickly, especially for frequent travelers.3. No Credit Cards or Loans
N26 doesn’t offer credit cards, loans, certificates of deposit (CDs), or money market accounts, making it less versatile for users looking to centralize their banking in one place. It also lacks interest-earning savings accounts available in traditional banks and other neobanks.

User Experience

N26 offers free ATM withdrawals, no monthly fees, and everything is 100% online and in English—perfect for expats and frequent travelers. The N26 app is easy to use and offers push notifications for transactions. Its Mastercard option has competitive exchange rates with no currency conversion fees. Signing up takes just 10 minutes, and there’s no need for a German address registration, making it super convenient. Quick Comparison Among Wise and Revolut AlternativesThe table below summarizes the differences among these banking options in terms of their fees, transfer time, payment options, and global coverage.

Quick Comparison Among Wise and Revolut Alternatives

The table below summarizes the differences among these banking options in terms of their fees, transfer time, payment options, and global coverage.

Feature comparison table of Wise and Revolut Alternatives

Narvi Payments is Your One-Stop Solution For Your Banking Needs

In a world where global transactions are essential, finding the right payment solution can make or break your business. Wise and Revolut might be popular, but when your company needs something more robust, it’s time to explore a suitable alternative.Amidst a wide range of options, Narvi Payments emerges top, as it’s designed with SMEs in mind. It streamlines cross-border transactions, offering dedicated IBAN accounts, effortless SEPA payments across Europe, and secure transfers worldwide. But the real kicker? Narvi's flexibility. Unlike Wise and Revolut, which have cookie-cutter fee structures, Narvi customizes its services to match your business model—no unnecessary costs, just tailored solutions. Plus, with regulatory backing from the Finnish Financial Supervisory Authority, you can trust that your financial operations are safe. Ready to break free from limitations? Narvi Payments is your ticket to seamless, secure, and scalable business banking. Partner with us today and discover our premium services.

Frequently Asked Questions (FAQs)

Why consider alternatives to Revolut and Wise?

While Revolut and Wise are popular for handling international transfers and digital banking, they may not tick every client’s box. Some users may seek lower fees or more flexible payment options that are not found in those brands. In such cases, alternatives become better suited to provide the right solutions.

Is there a better alternative to Wise and Revolut?

It all depends on what you’re looking for. If you’re after a more competitive fee, personalized customer service, or specific coverage areas, some options will match your needs. For example, Narvi offers a more business-centric approach with transparent costs and flexibility, and Holvi offers other unique services, such as invoicing, banking, and bookkeeping in one.

What to look for in an alternative to Wise & Revolut?

First, consider the cost. While some services have hidden fees, others, like Narvi, offer crystal-clear pricing. Next is transfer speed; opt for a platform that makes the process almost instant. Coverage is also worth looking at; ensure the provider covers regions across the EU or is accessible worldwide. Finally, customer service. Go for a service that will provide the needed help when required.

What makes Narvi a good Revolut and Wise alternative?

Narvi offers several features to businesses. Its fees are competitive, especially for high-frequency users. The service is also fast, as domestic transfers across Europe are near-instant, and international ones take 1 to 3 days. It boasts various payment options, giving clients flexibility at every transaction. The platform is also designed to cater to both individual users and businesses.

Why can you trust Narvi?

Trust stems from transparency and reliability, and Narvi excels in both. Its transparent pricing model eliminates surprises, so you know what you’re paying for. Furthermore, Narvi Payments ensures your transfers are fast and secure thanks to its use of cutting-edge security protocols to protect your funds. With coverage across key regions and a dedicated customer support team, Narvi offers reliable and straightforward solutions focused on delivering a great user experience.

Wise vs Revolut: What Services Do They Offer?

These brands offer modern cross-border payments, budgeting, and financial management solutions. They’ve become the go-to platforms for travelers and businesses dealing with international transactions. Let’s review each.Wise (formerly TransferWise) offers an easy-to-use platform for people to send money to a preferred destination country with its low transfer fees and transparent exchange rates. Here are a few standouts of a Wise account:

It provides users with the mid-market rate. Thus, you can send, receive, hold, and convert money in over 40 currencies across 150 countries.
It offers a multi-currency account that allows individuals to hold nine different currencies, including GBP, EUR, and USD.
Wise issues a debit card (The Wise card), which allows clients to spend in the local currency of their current region. This helps them avoid the hefty conversion fees that traditional banks charge.

Yet, despite its low fees, Wise charges ATM withdrawals above a set limit or deposits via specific payment methods. Overall, its simple and transparent fee structures make it a popular choice among users.Revolut transcends being a money transfer service. It began with a simple prepaid Revolut card in 2014 and has evolved into a comprehensive financial platform, which now boasts over 35 million customers worldwide. Here are some services its customers enjoy:

Users can access a personal and business Revolut account that allows cryptocurrency trading.
It offers a tiered account system where customers can choose from a free standard account to a high-end ultra account. Each offers different perks, such as higher withdrawal limits, travel insurance, and cashback.
Its mobile app provides advanced budgeting tools for individuals and organizations. Thus, they can set financial goals and categorize spending.
A Revolut account supports 80+ currencies for money transfers and offers fee-free transfers within a set limit for lower-tier accounts.

Recently, Revolut took a step closer to becoming a full-size bank, receiving its UK banking license in July 2024. However, it still operates under restrictions in its first year “mobilization phase.” This means customers’ deposits aren’t protected by the Financial Services Compensation Scheme (FSCS) yet.

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Published October 1, 2024. Sources checked September 15, 2024.Disclaimer: This Is Not Financial Advice
The content of this article is not intended to serve as financial counsel. Make sure to conduct thorough personal research and, when possible, seek guidance from a licensed financial consultant.Authors:

Ayomide Adeleye, a writer with a strong focus on finance and technology who contributes to Narvi on the topics of igaming, cryptocurrency, and banking services.
Valeriya Kushchuk, now Narvi's Digital Marketing Manager, previously a business reporter and marketer in the crypto space.

Exploring the Best Wise and Revolut Business Alternatives in the EU (2024)

Why companies should look for a replacement to Wise and Revolut, and what to choose.

Looking Beyond Wise and Revolut: Explore These Leading Alternatives

Narvi Payments: An All-in-one Payment Solution for Businesses of all Sizes

Holvi: An Online Digital Banking Service With Invoicing and Expense Tracking

3s.money: A NeoBank That Makes International Transactions Easy

Flyfish: A Unique Banking Service with Streamlined Financial Tools

N26: A Digital Bank with Global-Friendly Features

Quick Comparison Among Wise and Revolut Alternatives

Narvi Payments is Your One-Stop Solution For Your Banking Needs

Frequently Asked Questions (FAQs)

Why consider alternatives to Revolut and Wise?

Is there a better alternative to Wise and Revolut?

What to look for in an alternative to Wise & Revolut?

What makes Narvi a good Revolut and Wise alternative?

Why can you trust Narvi?

Wise vs Revolut: What Services Do They Offer?

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