Mercury
vs
Wave

Mercury vs Wave: Full Comparison 2025

Which is right for your team? Compare pricing, features, and more.

Mercury

Banking built for startups

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Wave

Free accounting software for small business

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Mercury vs Wave: Feature Comparison

Feature
M Mercury logo
Mercury
W Wave logo
Wave
Pricing Freemium Freemium
Founded 2019 2010

About Mercury

Mercury is a fintech banking platform for startups and e-commerce companies offering fee-free checking and savings accounts, corporate cards, and treasury management. It provides a developer-friendly API and strong accounting integrations for modern finance teams.

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About Wave

Wave is a free cloud accounting software platform built for small businesses and freelancers. It offers unlimited invoicing, expense tracking, bank reconciliation, and financial reporting at no cost — earning revenue through payment processing and payroll add-ons. Wave is the most popular free accounting software alternative to QuickBooks.

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