Software Alternatives, Accelerators & Startups

Wise VS Drata

Compare Wise VS Drata and see what are their differences

Wise logo Wise

Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Drata logo Drata

Put SOC 2 Compliance on Autopilot
  • Wise Landing page
    Landing page //
    2023-09-02
  • Drata Landing page
    Landing page //
    2022-10-20

Drata

Website
drata.com
Release Date
2020 January
Startup details
Country
United States
State
California
City
San Diego
Founder(s)
Adam Markowitz
Employees
10 - 19

Wise videos

TransferWise Review - 3 Must Knows (2020)

More videos:

  • Review - TransferWise in detail
  • Review - Transferwise Review

Drata videos

Drata's 2021 in Review 🎉

More videos:

  • Review - AWS re:Invent 2021 - An inside look at Drata's automated security and compliance
  • Review - Drata - Put SOC 2 on Autopilot

Category Popularity

0-100% (relative to Wise and Drata)
Online Payments
100 100%
0% 0
SaaS
0 0%
100% 100
Money Transfer
100 100%
0% 0
Security & Privacy
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Wise and Drata

Wise Reviews

6 Cheaper Payoneer Alternatives for Your Online Transcations
Wise is a well-known alternative to traditional banking and offers competitive rates for international money transfers. It operates on a peer-to-peer system, ensuring low fees by matching individuals who want to exchange currency in different countries.
Top 5 Payoneer Alternatives [2024]
Wise offers fast, convenient transfers with transparent fees based on mid-market exchange rates, as well as a multi-currency account for both individual and business customers. While Wise offers several tools for business customers, such as expense cards, it is not as extensive as those offered by Payoneer. On the other hand, Payoneer’s fee structure is only transparent on...
Source: www.exiap.com
Top 5 Payoneer Alternatives for Seamless Online Transactions
Both offer global transactions, but Wise shines with competitive exchange rates and transparent fees, while Payoneer focuses on receiving payments with features like virtual cards. Choose Wise for cost-effectiveness, Payoneer for easy receiving.
Source: www.doola.com
Best money transfer apps of 2021
TransferWise does also offer Business pricing, which adds in extra features that are free, including the ability to receive money in EUR, USD, GBP, PLN, AUD and NZD currencies without charge. However, this comes with a 0.33%-3.56% fee to convert currencies. The supporting TransferWise debit Mastercard comes free too, with the same currency conversion fee of 0.33%-3.56% plus...
Top 7 Wise Alternatives
Wise’s Multi Currency Account (review) and associated Wise card (review) (which works great as a travel money card) are especially useful to expats who need banking features in a new country to pay rent, buy groceries, or receive money like a local (Wise offers international bank details in 10 currencies).
Source: transumo.com

Drata Reviews

11 NetBox Alternatives
Drata is an application that provides its services to secure users' data to help them build trust with their customers and boost their sales with the help of its great features. By using this amazing application, you can be able to scale your business in front of the world securely and rank your website on the Google search engine so that customers can reach your store...

Social recommendations and mentions

Based on our record, Wise should be more popular than Drata. It has been mentiond 24 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Wise mentions (24)

  • Which bank in vietnam have the lowest fee for overseas remittance?
    I don't think you need to be a holder of both. I put my mom on my Wells Fargo account and she sent to my account. There is also https://wise.com/us/ . This one I have used to send to someones account in Vietnam. It does have slightly higher fee. But it goes straight into their account. From Wells Fargo I would have to go and get USD then exchange it to Vietnamese currency. Source: 12 months ago
  • We are happy to welcome you to Auction 88 — Coins of The World.
    They invoice in Euros (Czech Republic) so also be aware of fees on payments. I've successfully used TransferWise (https://wise.com/us/). Source: about 1 year ago
  • Recommend me a first credit card with 0 foreign tx fee
    It's not a credit card. It's just a way to convert currency w/o a fee. https://wise.com/us/. Source: about 1 year ago
  • Renting an apartment without a US Bank account?
    Get a Wise account. Open one in your local currency, and one in US currency. I was doing that for the first few months. Source: over 1 year ago
  • My New Client Is Asking Me For My Bank Info
    I’ve used Wise for bank payments from international clients before: https://wise.com/us/ that way you’re not giving them your actual bank info but the process is similar on the client’s end. Source: over 1 year ago
View more

Drata mentions (7)

  • Interested in GRC?
    Have you had opportunity to apply any of the compliance automation tools like Drata in your work? Have you found them to be useful? Source: over 1 year ago
  • Seeking critique before soft-launching our B2B SaaS product: Website feedback wanted!
    Have you got any experience from services like Drata (https://drata.com/)? Source: over 1 year ago
  • SOC Compliance for Hardware/Software business
    Have a chat with the folks at https://drata.com/. Thier discovery and automated evidence gathering platform is pretty cool. Prepare for sticker shock though. Getting through any compliance process is a $30k ish annual expense. Source: over 1 year ago
  • Security and Compliance Considerations for the Public Cloud
    Compliance tools like Vanta and Drata integrate with the major cloud providers and allow you to automatically monitor whether compliance criteria are being met. Because these tools can plug directly into the cloud provider APIs, they are able to pull relevant data automatically and send alerts when something is misconfigured. - Source: dev.to / almost 2 years ago
  • The Developer's Guide to SaaS Compliance
    Even if your organization has the practices down, you will still need to spend time maintaining and collecting evidence of compliance. Therefore, it’s beneficial to invest in automated software tools like Vanta or Drata that can speed up the evidence collection process. These tools help manage and record evidence of compliance practices via continuous monitoring of the application’s infrastructure and business... - Source: dev.to / about 2 years ago
View more

What are some alternatives?

When comparing Wise and Drata, you can also consider the following products

Bill.com - Bill.com provides ACH payments processing, automates your accounts payable and accounts receivable processes.

Vanta - Automate compliance, simplify security.

Zoho Invoice - 100% free online invoicing software for small businesses.

Secureframe - Get enterprise ready with SOC 2 and ISO 27001 compliance

The Invoice Machine - The Invoice Machine is an online invoicing service with a simple and elegant user interface.

Unicis - Unicis Open-source Trust Management platform offers automated solutions that streamlines the process of identifying vulnerabilities, conducting audits, and achieving regulatory compliance.Low-cost GRC platform for effortless Security and Compliance