For institutions managing digital assets, Utila presents itself as a comprehensive platform. The absence of public pricing information and user reviews can make a full evaluation difficult, prompting a search for alternatives. This article will cover what Utila is, why you might look for other solutions, and which platforms could be a better fit for your specific needs.
What is Utila?
Utila is a comprehensive digital asset operations platform tailored for institutions, enabling secure management across numerous blockchains. It leverages Multi-Party Computation (MPC) technology to offer features like treasury management, trading operations, and robust governance.
The company does not publicly disclose its pricing, offering customized enterprise-level plans instead. Furthermore, there are no publicly available reviews or ratings for the platform, making a full evaluation difficult.
What to Consider When Selecting a Utila Alternative?
When searching for an alternative to Utila, it's important to evaluate platforms based on your specific operational needs. Here are five key factors to consider:
- Security and Compliance: Evaluate the platform’s security measures, such as MPC technology or other safeguards, and its adherence to regulatory standards.
- Fiat and Crypto Integration: Determine if the platform supports both traditional currencies and the specific digital assets or blockchains your business operates with.
- Pricing Transparency: Look for clear, predictable pricing models that align with your budget and transaction volume, avoiding the ambiguity of custom enterprise plans.
- Core Functionality: Assess whether the platform offers the essential tools you require, such as treasury management, payroll processing, or developer APIs.
- Customer Support and Reputation: Investigate user reviews and the provider's reputation for responsive and effective customer service.
If these considerations resonate with your organization's priorities, explore our curated list of alternatives in the next section.
10 Best Alternatives to Utila
1. OneSafe
OneSafe is a finance platform designed to modernize banking for businesses, particularly those operating in the Web3 and crypto sectors. We provide the essential tools for effortless fund management, quick payments, and access to both traditional and digital assets.
Our platform enables a direct 1:1 conversion from USD to USDC on Polygon for instant, borderless transactions and offers end-to-end expense and payroll management. Businesses experience streamlined onboarding, rapid account setup, and responsive customer support tailored for the digital asset space.
Pricing
We believe in transparent and straightforward pricing. Here’s a look at what you can expect:
- Free Account Management: Enjoy free account opening, maintenance, and card issuance with no monthly fees or minimum balance needed.
- 0.1% US Domestic Transfers: Process ACH and wire transfers within the US for a minimal fee.
- 0.2% European & International Payments: Handle SEPA payments at 0.2% and international wires at 0.2% plus a $50 SWIFT fee.
- 0.1% Crypto Transactions: Manage USDT transactions for a low 0.1% fee, with fiat-to-crypto conversions included at market rates and no hidden fees.
- Other Transaction Fees: Send Fedwire transfers for a flat $25 and manage non-USD card spending with a 3% FX fee.
Reviews
Users consistently praise our exceptional customer support and ability to simplify complex financial operations for Web3 organizations. We're often called a game-changer for providing a banking solution that truly understands and addresses their unique challenges.
- “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
Want a banking solution that gets it? Check us out here.
2. Finom
Finom is a European financial technology company founded in 2019, providing digital banking and financial management services from its headquarters in Amsterdam. The platform is designed for small and medium-sized enterprises (SMEs), freelancers, and self-employed individuals, offering online accounts with local IBANs, invoicing, and expense management.
Users receive free physical and unlimited virtual debit cards, with the possibility of up to 3% cashback on business purchases and support for international payments. The company provides a user-focused interface and customer support to assist with financial operations for businesses across Europe.
Pricing
Here is a look at Finom's pricing plans:
- Free Solo Plan: Designed for freelancers and self-employed individuals, this plan includes one user and basic invoicing features.
- €9/month Start Plan: Suited for small businesses, this plan offers two users and advanced invoicing features.
- €28/month Premium Plan: This plan provides five users along with invoicing and accounting integrations.
- €149/month Corporate Plan: Tailored for larger businesses, this option includes ten users and advanced invoicing and accounting features.
- €339/month Enterprise Plan: This plan includes fifteen users and all features available in the Corporate Plan.
Reviews
User feedback on the platform is varied, with some customers reporting issues related to account management, unexpected fees, and technical problems with transaction processing. Check out more Finom reviews here.
3. Brex
Founded in 2017, Brex is a financial technology company that offers services such as corporate credit cards, expense management, and business accounts. These services are consolidated on a unified platform for businesses to manage their financial operations.
The platform provides AI-powered custom rules, real-time reporting, and accounting integrations to improve control over financial management. It offers scalable solutions designed for startups, mid-sized companies, and global enterprises.
Pricing
Here is a look at their pricing:
- Free Essentials: This plan is for startups and growing companies and includes features such as global card acceptance, accounting integrations, and bill pay.
- $12 per user per month Premium: This tier includes all Essentials features plus advanced options like multiple expense policies, advanced approvals, and multi-entity support.
- Custom Enterprise: For global enterprises, this plan offers all Premium features along with a named account manager and customizable implementation services.
Reviews
User reviews cite challenges with customer service responsiveness, sudden account closures, and limitations in features like receipt syncing and expense categorization. Check out more Brex reviews here.
4. Blank
Blank is a French company that provides online professional accounts for freelancers and small businesses. The platform is designed to support independent professionals with their financial management needs.
Their service includes a professional account with a French IBAN, a Visa Business card, and tools for creating quotes and invoices. Additionally, Blank offers automated Urssaf declarations, simplified accounting, and access to professional insurance solutions.
Pricing
Here is a look at their pricing:
- €6/month (excl. tax) Simple: Includes 30 SEPA transfers, tools for quotes and invoices, automated Urssaf declarations, and expense tracking.
- €17/month (excl. tax) Confort: Contains all Simple plan features, with the addition of phone support, 30 more SEPA transfers, higher card limits, and income maintenance insurance.
- €39/month (excl. tax) Complète: Offers all Confort plan features, plus unlimited SEPA transfers, expanded support options, and higher card limits.
Reviews
Customer feedback for Blank is mixed, with some users citing issues regarding account closures and difficulties accessing their funds. Check out more Blank reviews here.
5. Ampere
Ampere is a financial services provider based in the UK, offering a business current account for startups and small to medium-sized enterprises. The company's platform is structured to handle various financial needs for these types of businesses.
The service includes multi-currency accounts with a 0.35% currency exchange rate and the ability to generate invoices from the account. Ampere also provides business loans, commercial mortgages, and merchant accounts with acquiring fees from 0.65%.
Pricing
Here is a look at their pricing:
- £35 Setup + £20/month Business Account: For UK residents, the setup fee includes the first month's maintenance and card issuance, with a recurring £20 monthly fee.
- £25 Setup + £10/month Private Account: The setup fee covers the first month's maintenance and card issuance, with a recurring £10 monthly fee.
- Transfer Fees: Local GBP and EUR transfers are free, while international SWIFT transfers are £25 each.
- Transaction Fees: Currency exchange for GBP and EUR is 0.35% of the amount. ATM withdrawals incur a fee of 2% plus £1.50 per transaction.
- Merchant Services: Setup is free for low and medium-risk merchants, with acquiring fees starting from IC++0.35% for low-risk and IC++0.95% for medium-risk transactions.
Reviews
User reviews often mention the platform's multi-currency capabilities, while also noting a desire for more advanced business features and additional currencies like USD. Some feedback points to issues with customer service responsiveness and transaction fulfillment. Check out more Ampere reviews here.
6. Fiducial Banque
Fiducial Banque, established in 2014, is an online banking institution for professionals, small and medium-sized enterprises, merchants, artisans, and associations. As a subsidiary of the Fiducial Group, it offers a range of banking services designed for entrepreneurs.
Clients are assigned a dedicated advisor upon opening an account and have access to a fully digitalized system for 24/7 account management. The bank also provides various financing solutions, such as business loans and leasing options, to support business growth.
Pricing
Here is a look at their pricing plans:
- €12/month (excl. tax) PRO Base: Includes a professional current account, a dedicated banking advisor, online banking access, a Visa Business debit card, unlimited SEPA transfers and direct debits, and check deposit services.
- €25/month (excl. tax) PRO Plus: Contains all PRO Base services, plus the ability to accept card payments, additional card options including Visa Premier, and checkbooks.
- €45/month (excl. tax) PRO Excellence: Offers all PRO Plus features, with unlimited account movement commissions, one free monthly cash deposit, and a deferred debit Visa Premier card.
Reviews
Customer feedback points to challenges with the responsiveness of support and the platform's technical reliability. Users have mentioned delays in assistance and issues with the mobile application. Check out more Fiducial Banque reviews here.
7. MuralPay
MuralPay is a financial technology company focused on updating international transactions for global businesses, particularly those operating in the Americas. The company seeks to address issues stemming from older financial systems and the large number of unbanked individuals by using a platform powered by stablecoins.
MuralPay offers a platform and API for services including pay-ins, payouts, invoicing, virtual accounts, and compliance. Its capabilities include instant global payments, multi-currency invoicing, batch and recurring payments, and real-time currency conversion.
Pricing
MuralPay does not publicly disclose its pricing details. For specific information tailored to business needs, it is recommended to contact the company directly or request a free demo.
Reviews
User feedback indicates some areas for improvement, including occasional delays in transaction processing and a complex interface on smaller devices. Concerns have also been noted regarding the platform's cost for large teams and its limited offline access. Check out more MuralPay reviews here.
8. Propulse by CA
Propulse by CA is an online banking and management platform developed for entrepreneurs, freelancers, and small businesses. It offers a suite of financial tools intended to assist with the administration of business activities.
The service provides an online business account with a French IBAN and a Visa Business card, along with features for invoicing and expense management. Additionally, the platform allows for direct URSSAF declaration filing and includes insurance coverage linked to the payment card.
Pricing
Here is a look at their pricing:
- €8 per month Starter Plan: The base pricing option.
- €17 per month Start+ Plan: The higher-tier pricing option.
Reviews
User feedback indicates some customers have experienced challenges with customer service accessibility, leading to delays in account creation and issue resolution. Check out more Propulse by CA reviews here.
9. Novo
Novo is a financial technology company that provides business deposit accounts insured by the FDIC through its partnership with Middlesex Federal Savings. The platform offers a mobile-first banking experience designed for small business owners, freelancers, and entrepreneurs.
The service includes a business checking account with no monthly fees or minimum balance requirements and provides refunds on ATM fees. It also features a built-in invoicing tool and integrates with various business applications like Stripe and Shopify.
Pricing
Novo provides a business checking account with no monthly fees, minimum balance requirements, or transaction fees. The account includes refunds on ATM fees up to $7 per month and a free invoicing tool.
Reviews
User feedback indicates challenges with customer support, including slow response times and difficulties with dispute resolution. Other reported drawbacks include the lack of physical branches and options for depositing cash. Check out more Novo reviews here.
10. Payhawk
Payhawk is a spend management platform that integrates corporate cards, expense management, and accounts payable into a single system. It is designed to provide businesses with visibility and control over company expenditures through real-time tracking and reporting.
The platform offers Visa Platinum cards in multiple currencies, automated receipt collection, and AI-powered data extraction in over 65 languages. It also supports multi-entity management for businesses with multiple subsidiaries and connects with accounting systems like Xero, QuickBooks, and NetSuite.
Pricing
Payhawk does not publicly disclose its pricing structure. Instead, the company offers personalized demos for potential customers to discuss pricing tailored to their specific business needs.
Reviews
User feedback indicates some customers have experienced challenges during the initial setup, along with issues like inconsistent UI, mobile app synchronization problems, and occasional transaction update delays. Check out more Payhawk reviews here.
Which One Should You Go With?
Navigating the landscape of financial platforms means finding the one that best aligns with your business goals, and any of these options could be the right choice for you. If you're looking for a modern banking solution that truly understands the Web3 space, we recommend giving OneSafe a look. Ready to simplify your financial operations? Sign up for OneSafe today.
