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
| Product | Built in | Data location | EU-owned | Self-hostable | Open source | Best for | Pricing |
|---|---|---|---|---|---|---|---|
| AccountableGerman self-employed professionals and small business owners automating invoicing and tax compliance | be | Mixed | ✓ | – | – | SME | Freemium |
| BaswareMid-market to large enterprises automating invoice processing and AP operations globally | FI | EU | – | – | – | SME+Enterprise | Paid |
| BillitSmall businesses and freelancers automating invoicing and expense management | be | EU | ✓ | – | – | SME+Enterprise | Freemium |
| DineroSelf-employed professionals and small business owners seeking simple, guided accounting without specialist knowledge | dk | Nordic | ✓ | – | – | SME | Freemium |
| e-conomicDanish and Nordic SMEs automating invoicing and bookkeeping. | dk | Unknown | ✓ | – | – | SME+Enterprise | Freemium |
| Faktura· by the founder | se | EU | ✓ | – | – | — | Paid |
| FastBillGerman freelancers and small businesses needing automated invoicing with GDPR-compliant accounting | de | EU | ✓ | – | – | SME | Freemium |
| FortnoxSwedish startups and small businesses needing integrated accounting and invoicing | se | Unknown | ✓ | – | – | SME | Freemium |
| HoldedSmall businesses and freelancers needing integrated invoicing, accounting, CRM, and HR in one platform | es | EU | ✓ | – | – | SME | Freemium |
| InvoiceXpressSmall businesses and freelancers needing Portuguese tax-compliant invoicing | pt | Mixed | – | – | – | SME+Enterprise | Freemium |
| Klippa (Doxis) SpendControlOrganisations needing to automate invoice processing and expense management with 99% accurate OCR data extraction. | de | EU | ✓ | ✓ | ✓ | SME+Enterprise | Contact |
| Lexware OfficeFreelancers and small teams handling invoices and accounting without specialists | de | EU | ✓ | – | – | SME | Freemium |
| MediusCompanies automating accounts payable with GDPR-compliant Nordic origins | se | Mixed | – | ✓ | – | SME+Enterprise | Contact |
| MiddayFreelancers and solo entrepreneurs managing invoicing, time tracking, and business operations | se | Mixed | ✓ | ✓ | ✓ | SME | Freemium |
| MoneybirdDutch and EU-based freelancers and small businesses needing automated invoicing and VAT compliance | nl | EU | ✓ | – | – | SME | Freemium |
| PennylaneFrench SMEs and micro-enterprises needing unified invoicing, accounting, and cash flow management | fr | EU | ✓ | – | – | SME | Freemium |
| QontoFrench/European small businesses and freelancers managing finances, invoicing, and banking in one platform. | fr | EU | ✓ | – | – | SME+Enterprise | Freemium |
| sevDeskGerman freelancers and small businesses handling invoicing and tax compliance | de | EU | ✓ | – | – | SME | Freemium |
| smallinvoiceSwiss and EU SMEs needing GDPR-compliant invoicing with QR-Bill support | ch | EU | ✓ | – | – | SME | Freemium |
| SpendeskEuropean SMEs and mid-market companies automating AP and invoice workflows | fr | EU | ✓ | – | – | SME+Enterprise | Freemium |
| StorecoveBusinesses needing compliant multi-country e-invoicing via unified API | nl | Mixed | ✓ | – | – | SME+Enterprise | Freemium |
| TeamspaceService businesses with 5-250 employees needing unified project-to-invoice workflows | de | EU | ✓ | – | – | SME | Freemium |
| Unifiedpost GroupBusinesses automating invoicing and financial workflows across multiple regulated markets. | be | Unknown | ✓ | – | – | SME+Enterprise | Contact |
| ZervantSole traders and small businesses needing simple online invoicing without complexity | fi | EU | ✓ | – | – | SME | Freemium |

Accountable
beAI-powered invoicing and tax automation for German self-employed and small businesses
- Data: Mixed
- GDPR-native
- EU-owned

Basware
FICloud-native AP automation and invoice processing platform built in Finland with EU data residency.
- Data: EU
- GDPR-native

Billit
beBelgian e-invoicing platform with Peppol network integration for automated billing
- Data: EU
- GDPR-native
- EU-owned

Dinero
dkCloud-based accounting made simple for Danish self-employed and small businesses
- Data: Nordic
- GDPR-native
- EU-owned

e-conomic
dkDenmark's leading cloud accounting software for SMEs and accountants with deep Nordic bank integration.
- GDPR-native
- EU-owned

Faktura
seModern invoicing for Swedish companies.
- Data: EU
- GDPR-native
- EU-owned

FastBill
deGerman-built cloud accounting software for freelancers and small businesses with secure local data hosting.
- Data: EU
- GDPR-native
- EU-owned

Fortnox
seSweden's leading cloud-based accounting and invoicing platform for small businesses and startups.
- EU-owned

Holded
esAll-in-one cloud platform combining invoicing, accounting, CRM, HR, inventory, and projects for small businesses.
- Data: EU
- GDPR-native
- EU-owned

InvoiceXpress
ptCloud-based invoicing software for small businesses with Portuguese tax compliance built-in.
- Data: Mixed
- GDPR-native

Klippa (Doxis) SpendControl
deAI-powered invoice processing and spend management platform with 99% accurate data extraction.
- Data: EU
- GDPR-native
- EU-owned
- Self-hostable
- Open source

Lexware Office
deCloud-based accounting software for German small businesses with automated receipt processing and tax authority recognition.
- Data: EU
- GDPR-native
- EU-owned

Medius
seCloud-based accounts payable automation with AI-driven invoice processing, Swedish-built with European data residency.
- Data: Mixed
- GDPR-native
- Self-hostable

Midday
seAll-in-one business stack for freelancers and solo entrepreneurs.
- Data: Mixed
- GDPR-native
- EU-owned
- Self-hostable
- Open source

Moneybird
nlCloud-based accounting software that automates invoicing, VAT compliance, and bookkeeping for Dutch and European entrepreneurs.
- Data: EU
- GDPR-native
- EU-owned

Pennylane
frFrench all-in-one financial and accounting platform for SMEs and freelancers.
- Data: EU
- GDPR-native
- EU-owned

Qonto
frFrench-built business banking and invoicing platform for European SMEs and freelancers.
- Data: EU
- GDPR-native
- EU-owned

sevDesk
deGerman cloud accounting software with automated invoicing, receipt capture, and tax filing for SMEs.
- Data: EU
- GDPR-native
- EU-owned

smallinvoice
chSwiss-built GDPR-compliant invoicing and admin platform for SMEs with data exclusively in Switzerland.
- Data: EU
- GDPR-native
- EU-owned

Spendesk
frEU-licensed invoice automation and payment platform for European finance teams.
- Data: EU
- GDPR-native
- EU-owned

Storecove
nlThe standard in global e-invoicing via unified API and compliance automation.
- Data: Mixed
- GDPR-native
- EU-owned

Teamspace
deGerman-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

Unifiedpost Group
beDigital financial solutions for automated invoicing, payments, and tax compliance across global markets.
- EU-owned

Zervant
fiEuropean cloud invoicing designed for sole traders and growing small businesses
- Data: EU
- GDPR-native
- EU-owned
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.
What we compare
- Where the data is stored
- Who owns the company
- GDPR-native by design
- Self-hosting option
- Open source
- Pricing model