Finom vs Kontist : Which one is better for your business?

Business accounts with integrated financial tools are essential for SMEs and freelancers, providing comprehensive solutions to manage finances efficiently. We'll compare Finom and Kontist to determine the best option by evaluating their service speed, cashback programs, customer support, and the functionality of their invoicing and accounting tools.

A quick overview on Finom and Kontist

What is Finom?

Finom offers business accounts with integrated invoicing and accounting tools, catering to SMEs, freelancers, and companies under registration. Unique features include online IBAN account setup within 24 hours, up to 3% cashback on expenses, and personal assistance available within a minute. The service also supports accounting software integrations and provides tools for money collection and reconciliation.

What is Kontist?

Kontist provides a business banking service specifically designed for self-employed individuals in Germany. Unique features include a single app for banking, bookkeeping, and business tax returns, along with AI-supported bookkeeping and automatic tax calculation. The service also offers real-time bank transfers, easy receipt management, and integration with Apple Pay and Google Pay.

Features of Finom and Kontist

Finom features

Finom offers a range of unique features that cater to the needs of SMEs, freelancers, and companies under registration.

• German IBAN in 24 hours: Quick setup of a German IBAN account, allowing businesses to start their financial operations swiftly.
• Up to 3% cashback on all expenses: This feature provides a significant financial incentive, setting Finom apart from many competitors who may not offer such high cashback rates.
• Free business debit cards: No cost for business debit cards, helping businesses save on banking fees.
• Simple and efficient invoicing: Easy-to-use invoicing tools that streamline the billing process, making it more efficient for businesses.
• Secure access for multiple users: Safe access for employees and accountants, ensuring that financial data is protected while being accessible to authorized personnel.

Kontist features

Kontist offers a range of unique features tailored to the needs of self-employed individuals in Germany.

• Integration of banking, bookkeeping, and tax return services in a single app: This all-in-one solution simplifies financial management, allowing users to handle multiple tasks from one platform.
• Automatic tax calculation: Helps users keep track of their finances by automatically calculating taxes, reducing the risk of errors and saving time.
• AI-supported bookkeeping: Facilitates easy receipt management and advance VAT returns, leveraging artificial intelligence to streamline bookkeeping tasks.
• Real-time bank transfers and compatibility with Apple Pay & Google Pay: Ensures quick and convenient transactions, enhancing the overall banking experience.
• Comprehensive tax return services: Includes profit & loss statements and VAT returns, providing a thorough solution for managing business taxes.

Comparing Finom, Kontist and OneSafe's features

Why choose one over the other?

• Why choose Finom over Kontist: Finom offers a more comprehensive cashback program, providing up to 3% cashback on all expenses, which can significantly benefit businesses looking to maximize their savings. Additionally, Finom's quick setup of a German IBAN within 24 hours and personal assistance available within a minute ensure that businesses can start their financial operations swiftly and receive immediate support when needed.
• Why choose Kontist over Finom: Kontist excels in integrating banking, bookkeeping, and tax return services into a single app, making it an ideal choice for self-employed individuals who need a streamlined solution for managing their finances. The AI-supported bookkeeping and automatic tax calculation features reduce the complexity of financial management, saving time and minimizing the risk of errors.

Considering OneSafe vs Finom and Kontist

• Why choose OneSafe over Finom and Kontist: OneSafe offers unparalleled global payment capabilities and multi-currency support, making it an ideal choice for businesses operating internationally. Unlike Finom and Kontist, OneSafe also provides instant crypto to fiat conversions, catering to modern businesses involved in Web3 and cryptocurrency.

What are the customers saying?

Finom reviews

Users have mixed feelings about Finom. Many appreciate the quick and effective customer service, noting that issues are resolved efficiently and communication is clear. However, some customers are frustrated with the pricing structure and unexpected fees, particularly for receiving money from abroad and sending money within Germany. Additionally, there are complaints about account restrictions and compliance checks.

The overall rating for Finom is 4.4 out of 5.

• "Finom's customer service really is to be commended. Reactions are fairly immediate, and even if it takes some time to solve an issue, one is kept in the loop continuously." - Katy Droege-Macdonald
• "I had a problem with some documents that I was supposed to submit. After asking Kate, from the customer service team, she explained the process to me again and offered to forward the documents quickly and easily from the chat, the problem was solved super quickly, thank you very much!" - Jonas Bendner

For more details, visit the Finom review page.

Kontist reviews

Users generally appreciate Kontist for its user-friendly app, excellent customer service, and helpful features for freelancers and small business owners. However, some users have expressed frustrations with the tax service being overpriced and issues with customer support responsiveness.

The overall rating for Kontist is 4.1 out of 5.

• "I have been with Kontist for over two years now. It is a very good service, any questions I have regarding taxes they answer quickly and professionally. Thanks to Kontist my annual Tax return is filed with ease and on time. And now that the banking app offers instant transfers I am very happy with the overall package." - Daniel N Jochem
• "Very user friendly app. I also have to mention something I have been telling everyone about the packaging, colors and everything related to my VISA card. Thank you for that, sometimes it's the very small things!" - Katerina Koukaki

For more details, visit the Kontist review page.

OneSafereviews

Users have expressed high satisfaction with OneSafe, particularly praising its customer support and innovative solutions for Web3 organizations. The overall rating for OneSafe is 4.8 out of 5.

Customers have found several features of OneSafe to be exceptionally useful:

• OneSafe's seamless 1:1 conversion from USD to USDC on Polygon simplifies payroll and expense management, making it an essential tool for many businesses.
• The responsiveness and reliability of OneSafe's team have revolutionized payroll and banking processes for Web3 organizations.

• "OneSafe has the best customer support I've ever experienced from a bank." - Amit Chu, Investments @ Celo Foundation
• "OneSafe is a game-changer. They solve so many headaches for our company. Finally, a banking solution that gets it." - Marco, CEO of Ensuro

For more details, visit the OneSafe website.

Finom, Kontist, or OneSafe: Which is the best platform for you?

In conclusion, while Finom and Kontist offer robust solutions tailored to SMEs and self-employed individuals, OneSafe stands out with its innovative features and exceptional customer support. Whether you're looking for seamless global payments or advanced Web3 capabilities, OneSafe provides a comprehensive and forward-thinking banking experience. Ultimately, any of these options could serve your business well, but we highly recommend giving OneSafe a try.