Coinvoice vs Wave
Both free, but built for different markets. A side-by-side comparison for UK freelancers and small businesses.
Pricing at a glance
£0/mo - unlimited invoices, 5 active clients
£4.99/mo (or £3.33/mo annual) - unlimited clients
Free (invoicing + accounting), payments from 2.9%+30¢
Feature-by-feature comparison
| Feature | Coinvoice | Wave |
|---|---|---|
| Unlimited invoices | ||
| UK payment processing | Stripe | |
| Expense tracking | ||
| Time tracking | ||
| AI invoice creation | 5/mo free, unlimited Pro | |
| Recurring invoices | Pro | |
| Bank connections | US/Canada | |
| Built-in accounting | ||
| Receipt scanning | ||
| Unlimited clients (free) | ||
| Team members | Pro (up to 3) | |
| Ad-free |
Which one is right for you?
Choose Coinvoice if…
UK and US freelancers who need Stripe payment processing, time tracking, and AI invoice creation. Coinvoice supports GBP and USD, offers VAT-compliant invoices for UK users, and includes expense tracking and a weekly digest email summarising your outstanding invoices. The free tier covers 5 active clients with no time limit.
Choose Wave if…
North American businesses who want free invoicing with built-in accounting, bank connections, and receipt scanning. Wave is entirely free for invoicing and accounting, which makes it hard to beat on price alone. Its payment processing works only in the US and Canada, and its ad-supported model means you will see promotions throughout the interface.
The bottom line
Wave offers more for free: unlimited clients, built-in accounting, and recurring invoices at no cost. However, Wave's payment processing and bank connections only work in the US and Canada, which makes it impractical for UK freelancers who need to get paid online. Coinvoice works with Stripe in the UK and has time tracking and AI features that Wave lacks, but its free tier is more limited (5 clients). If you're UK-based and need online payments, Coinvoice is the better fit. If you're in North America and want free accounting, Wave wins.