European VeriFactu software: six vendors checked, from owner to data host

Every Spanish invoicing tool now says it is VeriFactu-ready. We compared them on a question the vendor pages skip: who owns the company, and whose servers hold your invoices.

Short answer: if you want a VeriFactu tool that stays European from brand to balance sheet, pick Holded or Odoo. Holded is built in Barcelona, owned by the Norwegian group Visma, rated 4.1 out of 5 and priced from €15 a month. Odoo is a Belgian vendor whose invoicing app is free on its own, with unlimited users. The rest of the market looks European but often isn't, once you follow the money. Quipu and TS Facturas belong to Italy's TeamSystem, itself owned by the US fund Hellman & Friedman. Cegid, which sells Contasimple, is headquartered in Lyon but majority-owned by Silver Lake, another US fund. And Pennylane, the French newcomer, hosts its Spanish customers on AWS in Ireland.

Quick context. VeriFactu is Spain's rule that invoicing software must log every invoice in a tamper-proof way, print a QR code on it, and be able to send the record to the AEAT (the Spanish tax agency). It applies to anyone issuing Spanish invoices, foreign-owned subsidiaries included. For each vendor we checked three things: who signs your contract, who controls that company, and who hosts your data. Want the ranking without the ownership filter? See our full VeriFactu software comparison.

Romain Cochard
Romain CochardCEO of Hack'celeration
Updated 20266vendors checked3checks per vendor4with a US fund or host in the chain

The ranking is editorial: a sponsored spot is always labeled on its card, and no affiliate link changes a score.

The ranking

Rated VeriFactu tools, and who owns them

Scores come from our main VeriFactu comparison and are the same on every page we publish. The "Owned by" column is the one most comparisons leave out. Pennylane has no score with us yet, so it gets a card below but no row here. Anfix and STEL Order sit in our main comparison but not on this page: we haven't verified who owns them.

Best forOwned byFree planTeam sizeVisit
1HoldedBest overallVisma (Norway)4.1/5€15/mo (€7.50 for the first 3 months)—Small companies and equipped freelancersVisit →
2TS FacturasCheapest with TicketBAITeamSystem (Italy)3.9/5€6.60/mo billed yearly (€8 monthly)—Few clients, Basque CountryVisit →
3QuipuGuided tax trackingTeamSystem (Italy), ex-Sellsy3.8/5€17/mo (€8.50 for the first 3 months)—Freelancers outside the Basque CountryVisit →
4OdooIndependent European vendorOdoo (Belgium)3.5/5€0 for a single app✓SMBs that want an ERPVisit →
5ContasimpleBest free starterCegid (France), Silver Lake fund3.4/5€0 (12 documents/yr); €12.95/mo✓Freelancers just starting outVisit →

Prices exclude VAT and come from each vendor's official Spanish pricing page in 2026. Holded and Quipu headline a 50% discount for the first three months; the table shows the regular price. Cegid publishes no prices for its other Spanish products.

Vendor cards

Each vendor, checked: owner, hosting, support, price, limit

For each tool we read its VeriFactu page, its pricing grid and, where one exists, its list of subprocessors (the third parties that touch your data). Where a vendor doesn't say where your data sits, the card says so and tells you what to ask.

01

Holded: the most complete, Spanish-built and Norwegian-owned

Top rated

Holded is built in Barcelona and belongs to Visma, the Norwegian software group. Of the European-owned options, it does the most: quotes, invoices, bookkeeping, cash flow and a login for your gestoría (the outside firm that keeps your books in Spain). VeriFactu is included on every plan. Holded can also submit your records to the AEAT using its own digital certificate, so you don't have to install yours. In the Basque Country, it says it is registered for TicketBAI with all three provincial tax offices. Data sits in the EU, "in general", per the vendor.

Pricing. Plus costs €15 a month for 250 invoices a year. The €7.50 you'll see first is a 50% discount for the first three months only. Básico is €29 for 1,000 invoices a year, Estándar €59 for 3,000. Add 21% Spanish VAT.

The catch. Holded holds 4.2 out of 5 across roughly 2,450 reviews. Recent complaints: invoice emails landing in clients' spam folders, with sending from your own mail server reserved for a plan that costs almost twice as much, and an AI support bot that wouldn't hand over to a human.

Who it's for. A Spanish subsidiary that wants invoicing and accounting in one place, where European ownership is enough. Not for three invoices a month.

Already on Holded and unhappy? See the best Holded alternatives.

Headquarters
Barcelona
Owner
Visma (Norway)
Hosting
EU, "in general"
Price
€15/mo (€7.50 for the first 3 months)
Limit
250 invoices/yr on Plus; emails hit spam
See Holded pricing →
02

Odoo: the independent European vendor, if you can set it up

Belgian

Odoo is a Belgian vendor based in Ramillies. It's an ERP (one system for invoicing, sales, stock and accounting), sold as separate apps. For Spain, Odoo ships an official VeriFactu module in versions 18 and 19, plus a second one for its point of sale.

The deal most people miss. One app is free on Odoo's cloud, with unlimited users. Take only Invoicing and you issue VeriFactu invoices for €0. Add a second app (stock, sales) and you move to a paid plan: get it quoted.

The catches. In Odoo, one VeriFactu record equals one invoice or one point-of-sale order. A record already sent can't go back to draft, and you can't cancel a record in Odoo that was never logged there. On the self-hosted free edition (Community), the community module is still in beta: no handling of AEAT outages, no status lookup, no self-billing. Implementers keep seeing the same errors: wrong tax ID or country, expired certificate, test mode left on, and multi-company setups mixing VeriFactu, SII and TicketBAI.

Who it's for. A group that wants one system across its entities, from a vendor with no outside parent. Not for someone who needs to send invoices tomorrow morning.

Headquarters
Ramillies (Belgium)
Owner
Belgian vendor
Support
Often through an implementation partner
Price
€0 for a single app
Limit
Setup effort; Community module in beta
See Odoo pricing →
03

TS Facturas: TicketBAI at the lowest price, Italian-owned

Basque Country

TS Facturas is the new name of Billin, a Spanish vendor now part of Italy's TeamSystem, the same group as Quipu. It's also the only VeriFactu tool in a well-known English-language list of "European invoicing software", a list that openly accepts paid placements. It ticks the most compliance boxes for the least money: VeriFactu, Facturae e-invoices for public bodies and TicketBAI, all unlimited on every plan. The vendor is registered as a TicketBAI guarantor software.

Pricing. Básico is €6.60 a month billed yearly (€8 monthly), Pro €14, Ilimitado €23. 30-day trial, no card.

The catch. The cap, not the price: Básico stops at 5 clients and one user. Reviews also mention an ad you can't remove from invoice emails and no per-user permissions.

Who it's for. A branch or subsidiary invoicing in Bilbao, San Sebastián or Vitoria. Not for buyers who want to avoid a US fund in the chain: TeamSystem is owned by Hellman & Friedman.

Headquarters
Spain
Owner
TeamSystem (Italy)
Support
30-day trial, no card
Price
€6.60/mo billed yearly (€8 monthly)
Limit
5 clients on Básico; ads in emails
See TS Facturas pricing →
04

Quipu: once French-owned, now Italian

Ex-Sellsy

Quipu started in Barcelona in 2013. The French CRM vendor Sellsy bought it in late 2022, then TeamSystem bought Sellsy in 2025. Review sites already list it as "TeamSystem Quipu". So if you were hoping for a French option through Sellsy, this is it, and it isn't French anymore.

Quipu is built for the autónomo (Spain's self-employed worker) who doesn't want to become an accountant. It reads your expense receipts automatically and walks you through tax filings. All plans are VeriFactu-ready, and Quipu publishes its declaración responsable, the self-certification every vendor must sign. There is no official list of approved VeriFactu software, so that document is your proof.

Pricing. Starter €17 a month, Solution €30, Premium €59. The 50% discount applies to the first three months only. One user until Premium, then €5 per extra user.

The catch. No TicketBAI. Reviews average 4.3 out of 5 on about 300, with recurring complaints: slow support on complex cases, weak foreign-currency handling, rigid invoice templates, and one user flagging the lack of two-factor login. We found no hosting provider named on the pages we read.

Who it's for. A freelancer outside the Basque Country who wants guided tax tracking. Not for invoicing in dollars or pounds.

Headquarters
Barcelona
Owner
TeamSystem (Italy), Hellman & Friedman
Support
Slow on complex cases, per reviews
Price
€17/mo (€8.50 for the first 3 months)
Limit
No TicketBAI; one user before Premium
See Quipu pricing →
05

Cegid and Contasimple: a French head office, a US majority owner

Free plan

Cegid is a software group founded in Lyon in 1983. In Spain it sells a family of acquired products: Contasimple, Billage, Diez, Ekon, Sigrid, Revo and Yet. Cegid says all of them have been VeriFactu-ready since 2025, with three modes: VeriFactu, non-VeriFactu or exempt. Ekon and Sigrid also handle TicketBAI. The majority shareholder is Silver Lake, a US fund, with KKR, AltaOne and Oakley as minority holders.

Contasimple, the way in. It's the only Cegid product with public pricing. Básico is free for life: 12 documents a year, 10 clients, one user. Profesional is €12.95 a month (€10.95 billed yearly) for 500 documents a year, with e-invoices to public bodies. Ultimate, at €19.95, removes volume caps. Reviews are split, 3.5 out of 5 with a third of them one-star: slowdowns and outages, one business activity per account, charges after cancellation, a certificate rejected because it wasn't issued by the FNMT (Spain's main public certificate issuer). Phone support, on the other hand, gets regular praise.

The mode trap. On Billage, once you switch VeriFactu on, you can't switch it off before December 31 of that year.

Hosting. Cegid's VeriFactu page names no host, and we found no Spanish subprocessor list. Ask for it.

Who it's for. A freelancer starting out, or a company that wants a vendor with Basque coverage through Ekon or Sigrid. Not for buyers who need European ownership.

Headquarters
Lyon (France)
Owner
Silver Lake (US), majority
Support
Phone support at Contasimple, well rated
Price
Contasimple: €0 (12 documents/yr); €12.95/mo
Limit
Ask for the host; split reviews
See Cegid's VeriFactu offer →
06

Pennylane: the French newcomer, hosted on AWS for Spain

Unrated

Pennylane was founded in France in 2020 and sells in Spain through a Spanish company, Pennylane SL, with around 50 staff locally out of more than 1,200. It describes itself as "100% adapted" to VeriFactu, included on every plan.

Hosting. For Spain, Pennylane says data is "hosted in Europe"; its trust center names AWS EMEA, in Ireland. EU location, US provider. Its subprocessor list runs to about 30 names, all located in the EU. Pennylane is ISO 27001 certified.

Before you book the demo. No Spanish price is published: the site says "from €0" and offers a demo. Sign-up isn't available for companies in Ceuta, Melilla or Navarre. Pennylane says it isn't an accounting firm; your gestoría gets free access and can export to A3 or Sage. Nothing published on TicketBAI. And we found no Spanish user reviews yet.

Who it's for. A company already on Pennylane in France opening a Spanish entity: it's the only vendor we found covering both sides. Ask in writing whether one subscription covers both. Not for Navarre or the Basque Country.

Headquarters
France, Pennylane SL in Spain
Hosting
AWS EMEA, Ireland
Support
Demo; free access for your gestoría
Price
On request, "from €0"
Limit
No Navarre, Ceuta, Melilla; TicketBAI not announced
Book a Pennylane demo →
Europe vs US

European control or a US link: what actually changes

Compliance isn't the difference: every tool here promises VeriFactu. The difference is which law reaches the vendor and its host. Four of the six vendors we checked have a US fund or a US host in the chain.

European controlUS owner or US hostEdge
Vendors on this pageOdoo (Belgium), Holded (Visma, Norway)Cegid and Contasimple (Silver Lake), Quipu and TS Facturas (Hellman & Friedman), Pennylane Spain (AWS)—
Applicable lawThe CLOUD Act lets US courts demand data from a US company wherever its servers are.GDPR and EU lawGDPR, plus possible CLOUD Act reachEuropean control
Data locationEU, per HoldedEU too (Pennylane: AWS Ireland)—
SubprocessorsRarely published for SpainPennylane lists about 30, all in the EUUS owner or US host
TicketBAIAnnounced by Holded; official Odoo moduleTS Facturas is a guarantor; Cegid via Ekon and Sigrid; not Quipu or Pennylane—
SupportHolded: AI bot criticized; Odoo: partner-ledContasimple: phone praised; Quipu: slow on complex cases—
Entry price€0 (Odoo, one app); €15 (Holded)€0 (Contasimple); €6.60 (TS Facturas); Pennylane on request—

Based on the vendors on this page, their official pages and acquisition announcements. A US fund on the cap table doesn't make a company American: check with your lawyer whether the CLOUD Act applies to you.

Before you sign

How to check that VeriFactu software is really European

In Spanish invoicing, ownership changes faster than logos. Checking the vendors on this page, we hit the same four traps again and again. Here's how to spot them in twenty minutes.

1. The brand isn't the owner

Cegid's head office is in Lyon, but a US fund holds the majority. Sellsy was French until TeamSystem bought it, and TeamSystem belongs to Hellman & Friedman. Look up acquisitions from the last three years, not just the address.

2. "Hosted in Europe" can mean a US host

Pennylane keeps Spanish data on AWS in Ireland, while its French platform runs on French hosts. One vendor, two answers depending on the country. Ask who hosts your Spanish entity, and where that host is incorporated.

3. The brand changes at the border

There is no Sellsy VeriFactu product: in Spain, it's Quipu. Contasimple shows up as "by Shine" on one review site and as "Cegid Contasimple" on Cegid's own. Read the legal notice on the Spanish site to see who signs your contract.

4. "European" lists sell spots

The main English-language list of European invoicing tools says it accepts paid placements. Spanish rankings are often written by Holded, Billin or Quipu, ranking themselves. Always check the vendor's own page.

5. Silence isn't a no

Some well-known European invoicing vendors have published nothing on VeriFactu. That doesn't prove they won't support it. Ask in writing, and don't count on it for an entity that must comply in 2027.

6. The self-certification is your proof

Spain keeps no official list of approved VeriFactu software. Each vendor signs a declaración responsable: request it and file it with your contract.

  • The name and country of the company signing your Spanish contract
  • The majority shareholder and any recent acquisitions
  • Your Spanish entity's data host and where it's incorporated
  • The subprocessor list, with each one's country
  • The vendor's VeriFactu declaración responsable
  • TicketBAI coverage if you invoice in the Basque Country
FAQ

VeriFactu questions from companies outside Spain

  • Does a foreign-owned Spanish subsidiary need VeriFactu software?

    Yes, if it issues Spanish invoices. VeriFactu follows the obligation to invoice in Spain, not the parent's nationality: an SL or SLU owned by a UK, US or French company is in scope like any Spanish company, and so is a Spanish branch or permanent establishment.

  • What about a company that sells into Spain without being established there?

    Probably not in scope if it invoices under its home country's rules. That reading comes from advisory firms, not from a written AEAT position. If you're registered for Spanish VAT, have an adviser confirm before you buy anything.

  • When does VeriFactu become mandatory?

    By law, from the first day of 2027 for companies paying corporate tax and from mid-2027 for everyone else. A delay to 2028 has been announced but not published in Spain's official gazette. Plan for 2027 until it is.

  • We already report through SII. Do we need VeriFactu too?

    No. An entity that already reports invoices through SII (Spain's real-time reporting system for large companies and voluntary filers) is outside VeriFactu. The reverse also holds: leaving SII puts you back in.

  • Is there a free VeriFactu option from a European vendor?

    Two. Odoo's invoicing app is free on its own, with unlimited users, from a Belgian vendor. Contasimple's Básico is free for 12 documents a year, from Cegid, a French group with a US majority owner. The AEAT also offers its own free app, with no catalog, stock or support.

  • Which European vendor handles the Basque Country?

    The Basque Country uses TicketBAI instead of VeriFactu. TS Facturas is a registered TicketBAI guarantor, Holded says it's registered in all three provinces, and Cegid covers it with Ekon and Sigrid. Quipu doesn't, and Pennylane says nothing. More in our VeriFactu and TicketBAI comparison.

  • Is Sellsy a VeriFactu option?

    Not under that name. Sellsy bought Quipu in 2022 and sells VeriFactu in Spain through it; TeamSystem then bought Sellsy in 2025. For Sellsy's CRM itself, see our Sellsy review.