★ LaunchRadar

European alternatives to Invoice2go

Invoice2go — now rebranded as Bill.com Invoicing — is a US-headquartered mobile-first invoicing application that has long appealed to sole traders and micro-businesses, but its American ownership, US data infrastructure, and increasingly acquisition-driven product direction have prompted European users to seek alternatives that offer meaningful GDPR accountability and EU data residency.

Invoice2go was acquired by Bill.com in 2021, and that transaction is the most significant structural reason European businesses scrutinise the product: Bill.com is a US public company subject to US jurisdiction, including CLOUD Act demands, FISA Section 702 provisions, and the broader Schrems II risk profile that the Court of Justice of the European Union identified when it invalidated Privacy Shield in 2020. Standard Contractual Clauses, which Bill.com relies upon for EU-US data transfers, remain legally contested and require a documented Transfer Impact Assessment under EDPB guidance; many compliance-conscious European buyers treat this as an unacceptable residual risk, particularly those in regulated sectors subject to DORA or sector-specific data localisation requirements.

Beyond data-residency concerns, Invoice2go has historically been optimised for the US market: its default currency and tax frameworks assume USD and US sales-tax logic, VAT handling for EU jurisdictions is secondary rather than native, and the product does not support European e-invoicing mandates such as Peppol BIS, ZUGFeRD, XRechnung, Factur-X, or the forthcoming ViDA e-invoicing requirements that EU member states are progressively enacting. For a European freelancer or small business that must issue structured e-invoices to public-sector buyers or comply with mandatory B2B e-invoicing legislation, Invoice2go offers no credible compliance pathway.

The pricing model has also shifted upward following the Bill.com acquisition, and users report that features that were previously included in entry-level tiers have migrated to higher subscription bands. European buyers weighing total cost of ownership therefore often find that domestically developed alternatives — many of which are freemium — deliver equivalent or superior invoicing capability alongside native VAT compliance, at a lower or comparable price point, without the jurisdictional complexity that US ownership entails.

Where each alternative is built, owned and hosted

ProductBuilt inData locationEU-ownedSelf-hostableOpen sourceBest forPricing
AccountableGerman self-employed professionals and small business owners automating invoicing and tax compliancebeMixed✓––SMEFreemium
BaswareMid-market to large enterprises automating invoice processing and AP operations globallyFIEU–––SME+EnterprisePaid
BillitSmall businesses and freelancers automating invoicing and expense managementbeEU✓––SME+EnterpriseFreemium
DineroSelf-employed professionals and small business owners seeking simple, guided accounting without specialist knowledgedkNordic✓––SMEFreemium
e-conomicDanish and Nordic SMEs automating invoicing and bookkeeping.dkUnknown✓––SME+EnterpriseFreemium
Faktura· by the founderseEU✓––—Paid
FastBillGerman freelancers and small businesses needing automated invoicing with GDPR-compliant accountingdeEU✓––SMEFreemium
FortnoxSwedish startups and small businesses needing integrated accounting and invoicingseUnknown✓––SMEFreemium
HoldedSmall businesses and freelancers needing integrated invoicing, accounting, CRM, and HR in one platformesEU✓––SMEFreemium
InvoiceXpressSmall businesses and freelancers needing Portuguese tax-compliant invoicingptMixed–––SME+EnterpriseFreemium
Klippa (Doxis) SpendControlOrganisations needing to automate invoice processing and expense management with 99% accurate OCR data extraction.deEU✓✓✓SME+EnterpriseContact
Lexware OfficeFreelancers and small teams handling invoices and accounting without specialistsdeEU✓––SMEFreemium
MediusCompanies automating accounts payable with GDPR-compliant Nordic originsseMixed–✓–SME+EnterpriseContact
MiddayFreelancers and solo entrepreneurs managing invoicing, time tracking, and business operationsseMixed✓✓✓SMEFreemium
MoneybirdDutch and EU-based freelancers and small businesses needing automated invoicing and VAT compliancenlEU✓––SMEFreemium
PennylaneFrench SMEs and micro-enterprises needing unified invoicing, accounting, and cash flow managementfrEU✓––SMEFreemium
QontoFrench/European small businesses and freelancers managing finances, invoicing, and banking in one platform.frEU✓––SME+EnterpriseFreemium
sevDeskGerman freelancers and small businesses handling invoicing and tax compliancedeEU✓––SMEFreemium
smallinvoiceSwiss and EU SMEs needing GDPR-compliant invoicing with QR-Bill supportchEU✓––SMEFreemium
SpendeskEuropean SMEs and mid-market companies automating AP and invoice workflowsfrEU✓––SME+EnterpriseFreemium
StorecoveBusinesses needing compliant multi-country e-invoicing via unified APInlMixed✓––SME+EnterpriseFreemium
TeamspaceService businesses with 5-250 employees needing unified project-to-invoice workflowsdeEU✓––SMEFreemium
Unifiedpost GroupBusinesses automating invoicing and financial workflows across multiple regulated markets.beUnknown✓––SME+EnterpriseContact
ZervantSole traders and small businesses needing simple online invoicing without complexityfiEU✓––SMEFreemium
Accountable screenshot

Accountable

be

AI-powered invoicing and tax automation for German self-employed and small businesses

  • Data: Mixed
  • GDPR-native
  • EU-owned
FreemiumVisit →
Basware screenshot

Basware

FI

Cloud-native AP automation and invoice processing platform built in Finland with EU data residency.

  • Data: EU
  • GDPR-native
PaidVisit →
Billit screenshot

Billit

be

Belgian e-invoicing platform with Peppol network integration for automated billing

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
Dinero screenshot

Dinero

dk

Cloud-based accounting made simple for Danish self-employed and small businesses

  • Data: Nordic
  • GDPR-native
  • EU-owned
FreemiumVisit →
e-conomic screenshot

e-conomic

dk

Denmark's leading cloud accounting software for SMEs and accountants with deep Nordic bank integration.

  • GDPR-native
  • EU-owned
FreemiumVisit →
Faktura screenshot

Faktura

se

Modern invoicing for Swedish companies.

  • Data: EU
  • GDPR-native
  • EU-owned
Paid· By the LaunchRadar founderVisit →
FastBill screenshot

FastBill

de

German-built cloud accounting software for freelancers and small businesses with secure local data hosting.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
Fortnox screenshot

Fortnox

se

Sweden's leading cloud-based accounting and invoicing platform for small businesses and startups.

  • EU-owned
FreemiumVisit →
Holded screenshot

Holded

es

All-in-one cloud platform combining invoicing, accounting, CRM, HR, inventory, and projects for small businesses.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
InvoiceXpress screenshot

InvoiceXpress

pt

Cloud-based invoicing software for small businesses with Portuguese tax compliance built-in.

  • Data: Mixed
  • GDPR-native
FreemiumVisit →
Klippa (Doxis) SpendControl screenshot

Klippa (Doxis) SpendControl

de

AI-powered invoice processing and spend management platform with 99% accurate data extraction.

  • Data: EU
  • GDPR-native
  • EU-owned
  • Self-hostable
  • Open source
ContactVisit →
Lexware Office screenshot

Lexware Office

de

Cloud-based accounting software for German small businesses with automated receipt processing and tax authority recognition.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
Medius screenshot

Medius

se

Cloud-based accounts payable automation with AI-driven invoice processing, Swedish-built with European data residency.

  • Data: Mixed
  • GDPR-native
  • Self-hostable
ContactVisit →
Midday screenshot

Midday

se

All-in-one business stack for freelancers and solo entrepreneurs.

  • Data: Mixed
  • GDPR-native
  • EU-owned
  • Self-hostable
  • Open source
FreemiumVisit →
Moneybird screenshot

Moneybird

nl

Cloud-based accounting software that automates invoicing, VAT compliance, and bookkeeping for Dutch and European entrepreneurs.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
Pennylane screenshot

Pennylane

fr

French all-in-one financial and accounting platform for SMEs and freelancers.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
Qonto screenshot

Qonto

fr

French-built business banking and invoicing platform for European SMEs and freelancers.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
sevDesk screenshot

sevDesk

de

German cloud accounting software with automated invoicing, receipt capture, and tax filing for SMEs.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
smallinvoice screenshot

smallinvoice

ch

Swiss-built GDPR-compliant invoicing and admin platform for SMEs with data exclusively in Switzerland.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
Spendesk screenshot

Spendesk

fr

EU-licensed invoice automation and payment platform for European finance teams.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
Storecove screenshot

Storecove

nl

The standard in global e-invoicing via unified API and compliance automation.

  • Data: Mixed
  • GDPR-native
  • EU-owned
FreemiumVisit →
Teamspace screenshot

Teamspace

de

German-built SaaS for service businesses connecting projects, hours, and billing in real-time with GDPR and ISO 27001 compliance.

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →
Unifiedpost Group screenshot

Unifiedpost Group

be

Digital financial solutions for automated invoicing, payments, and tax compliance across global markets.

  • EU-owned
ContactVisit →
Zervant screenshot

Zervant

fi

European cloud invoicing designed for sole traders and growing small businesses

  • Data: EU
  • GDPR-native
  • EU-owned
FreemiumVisit →

Our honest take

For German freelancers and small businesses, sevDesk and FastBill are the most direct functional replacements: both offer EU-hosted infrastructure, ELSTER integration for VAT filing, GoBD-compliant archival, and mandatory e-invoice formats (ZUGFeRD, XRechnung) that Invoice2go cannot produce. Lexware Office adds 150+ integrations and TÜV-certified data protection for businesses with more complex accounting needs. Accountable is particularly well-suited to German self-employed professionals who also want an integrated tax-filing guarantee and free business banking.

Dutch and Benelux users will find Moneybird a precise functional equivalent — native iDEAL and SEPA payment integration, automatic VAT compliance, and EU data hosting — while Billit serves businesses that need Peppol Access Point connectivity and deep accounting-software integration across the Benelux region. French businesses, particularly those preparing for the September 2026 mandatory e-invoicing obligation, should evaluate Pennylane (already an approved platform under the French mandate) or Qonto if combined business banking and invoicing is the priority. Nordic businesses — Finnish, Swedish, Danish — are well served by Zervant (Finnish origin, localized for six EU countries), e-conomic (Danish, Peppol-native, ISAE 3402 certified), or Dinero (Danish, award-winning support, 200+ integrations). Swedish businesses specifically should also consider Fortnox, which provides a unified accounting-and-invoicing platform with company formation services.

For Swiss businesses, smallinvoice offers Swiss QR-Bill compliance, data processed in Switzerland, and proportional daily billing — a notable departure from Invoice2go's monthly subscription model. Holded is the most appropriate replacement for Spanish users, offering the fastest onboarding in the category alongside Verifactu and SII compliance. Businesses that have grown beyond simple invoicing into multi-country e-invoicing, EDI, or ERP-connected workflows should evaluate Storecove (API-first, 30+ networks), ecosio (EDIFACT, Peppol, XRechnung, FatturaPA in one managed service), or EDICOM (85+ countries, 1.5 billion transactions annually). For open-source buyers or those who require self-hostable infrastructure, Midday (AGPL-3.0, Swedish-founded) and Klippa Doxis SpendControl (ISO 27001, 50+ ERP integrations, self-hostable) are the only verified options in this dataset.

Faktura is an honest choice for Swedish SMEs that need a simple, EU-hosted invoicing tool and are prepared to accept a narrower feature set in exchange for clean GDPR accountability and Swedish-market focus. It does not compete with Invoice2go on mobile-first ease of use, global payment methods, or breadth of integrations, and it is not a credible replacement for businesses that require accounts-payable automation, multi-country compliance, or enterprise-scale workflows. Where Invoice2go's primary appeal was its simplicity and mobile convenience, Faktura matches that simplicity only within a Swedish and EU-SME context; buyers outside Sweden, or those who need richer automation, will be better served by one of the market-specific alternatives listed above.

Frequently asked questions

Why look for European alternatives to Invoice2go?
Compare Invoice2go with European alternatives by workflow, company ownership and documented data location. Check the current provider terms and hosting options before deciding which product fits your requirements.
How many of these alternatives are EU-owned and GDPR-native?
Of the 24 European alternatives listed for Invoice2go, 21 are marked EU-owned and 22 are marked GDPR-native on LaunchRadar.
Where do these alternatives store data?
Listed data locations for European alternatives to Invoice2go: Mixed, EU, Nordic, Unknown. Check each product page for the latest residency details.
What does LaunchRadar compare on these pages?
We compare where each alternative is built, who owns it, GDPR-native design, self-hosting, open source and pricing — so you can pick a European option that fits your risk and workflow.

Related European alternatives

Browse related categories

What we compare

  • Where the data is stored
  • Who owns the company
  • GDPR-native by design
  • Self-hosting option
  • Open source
  • Pricing model