| 01 | RAMP | RampCorporate cards + spend management with genuinely autonomous AP workflows. | 🇺🇸🇬🇧 | 75.1 | ▲+1.3 | 1567 | Ap |
| 02 | D365 | Microsoft Dynamics 365 Business CentralMid-market ERP with Copilot and a deep German localisation, strong across DACH. | 🇺🇸🇬🇧🇩🇪🇸🇪 | 74.3 | ▲+6.8 | 1569 | Ledger |
| 03 | NSUI | Oracle NetSuiteEnterprise ERP incumbent with expanding AI across GL, close, and reporting. | 🇺🇸🇬🇧🇸🇪🇩🇪 | 74.2 | ▲+6.4 | 1589 | Ledger |
| 04 | XERO | XeroGlobal SMB ledger — dominant in the UK, material US presence, with AI via JAX. | 🇺🇸🇬🇧🇸🇪 | 72.3 | ▲+3.1 | 1600 | Ledger |
| 05 | QBO | QuickBooks OnlineThe default US SMB ledger, with Intuit Assist layered on top. | 🇺🇸🇬🇧 | 71.8 | ▲+1.5 | 1578 | Ledger |
| 06 | PGRO | PageroNordic-rooted global e-invoicing network with strong Peppol posture. | 🇸🇪🇬🇧🇩🇪 | 71.5 | ▲+4.8 | 1643 | Ap |
| 07 | FNOX | FortnoxSweden's default SMB ledger — 500k+ customers, AI features shipping quarterly. | 🇸🇪 | 70.6 | ▼-4.5 | 1630 | Ledger |
| 08 | PZZL | PuzzleAI-native accounting software purpose-built for venture-backed startups. | 🇺🇸 | 70.6 | ▼-0.6 | 1513 | Ledger |
| 09 | INTC | Sage IntacctEstablished mid-market cloud ERP, with expanding AI copilots. | 🇺🇸🇬🇧🇩🇪 | 70.6 | ▲+4.7 | 1560 | Ledger |
| 10 | PLOT | PilotFirst fully-autonomous AI Accountant for SMBs (launched February 2026). | 🇺🇸 | 70.4 | ▲+1.0 | 1444 | Ledger |
| 11 | SG50 | Sage 50 / Sage Business Cloud AccountingUK-headquartered incumbent spanning desktop Sage 50 and cloud Sage Business Cloud, now with Sage Copilot. | 🇺🇸🇬🇧 | 69.8 | ▲+2.7 | 1521 | Ledger |
| 12 | DEXT | DextDocument capture and data workflow for accountants, globally distributed. | 🇺🇸🇬🇧🇸🇪 | 69.7 | ▲+4.7 | 1478 | Transaction Categorization |
| 13 | BOKI | BokioFree-tier Swedish SMB ledger with aggressive automation and a UK expansion. | 🇸🇪🇬🇧 | 69.5 | ▲+2.7 | 1459 | Ledger |
| 14 | BREX | BrexCorporate cards and spend management with an increasingly agentic finance stack. | 🇺🇸 | 69.5 | •0.0 | 1577 | Expense |
| 15 | DGTS | DigitsAutonomous general ledger with AI agents that replace bookkeepers. | 🇺🇸 | 69.0 | ▼-1.8 | 1582 | Ledger |
| 16 | BILL | Bill.comLong-established AP/AR platform with AI layered across document workflows. | 🇺🇸 | 68.7 | ▲+2.6 | 1605 | Ap |
| 17 | DATV | DATEVThe Steuerberater-owned cooperative at the centre of German bookkeeping, now shipping DATEV KI. | 🇩🇪 | 68.6 | ▼-3.8 | 1587 | Ledger |
| 18 | ZMPL | ZimplyAI layer on top of Fortnox, Visma, and other Swedish ledgers. | 🇸🇪 | 68.3 | ▼-2.5 | 1566 | Ap |
| 19 | SLVN | SilverfinCloud working-papers and close platform for accounting firms; UK-strong, DACH-growing. | 🇬🇧🇩🇪🇸🇪 | 68.2 | ▲+3.0 | 1604 | Close |
| 20 | NUMR | NumericAI-native month-end close for modern finance teams. | 🇺🇸 | 67.9 | ▲+1.5 | 1567 | Close |
| 21 | RLLT | RilletAI-native ERP for hyper-growth SaaS companies scaling toward IPO. | 🇺🇸 | 67.8 | ▲+0.9 | 1602 | Ledger |
| 22 | SVDK | sevDeskCloud-native German SMB ledger with aggressive AI categorisation and native e-invoicing. | 🇩🇪 | 67.8 | ▲+0.6 | 1618 | Ledger |
| 23 | VSME | Visma eEkonomiVisma's SMB cloud ledger — the main Fortnox challenger in Sweden. | 🇸🇪 | 67.7 | ▼-4.9 | 1493 | Ledger |
| 24 | DCYT | DocytAI agents for SMB bookkeeping with deep POS and multi-entity support. | 🇺🇸 | 67.2 | ▲+1.6 | 1644 | Ledger |
| 25 | CNDS | CandisBerlin-built AP automation and spend control, tuned for DATEV and German compliance. | 🇩🇪🇬🇧 | 67.1 | ▲+3.0 | 1597 | Ap |
| 26 | STPL | StampliAP automation with deep collaboration and "Billy the Bot" AI agent. | 🇺🇸🇬🇧 | 66.4 | ▲+1.1 | 1610 | Ap |
| 27 | VCAI | Vic.aiHigh-volume AP automation with deep autonomy on invoice processing. | 🇺🇸 | 66.0 | ▲+1.3 | 1609 | Ap |
| 28 | FLQT | FloQastIncumbent close platform with growing AI capabilities across reconciliation and flux. | 🇺🇸 | 65.9 | ▲+2.1 | 1515 | Close |
| 29 | ZENI | ZeniAI-powered finance concierge — managed bookkeeping with a software front end. | 🇺🇸 | 65.7 | ▲+0.5 | 1628 | Ledger |
| 30 | LXWO | Lexware OfficeHaufe-owned German SMB and freelancer ledger, incrementally AI-augmented. | 🇩🇪 | 65.6 | ▲+0.2 | 1544 | Ledger |
| 31 | SPRS | Visma SpirisVisma's next-generation AI-driven accounting experience for Swedish SMBs. | 🇸🇪 | 65.4 | ▼-1.0 | 1547 | Ledger |
| 32 | FAGN | FreeAgentNatWest-owned UK SMB ledger, free to most business-banking customers, MTD-ready. | 🇬🇧 | 64.1 | ▼-0.9 | 1594 | Ledger |
| 33 | TWND | TruewindAI-native bookkeeping with audit-ready reporting for fast-growing startups. | 🇺🇸 | 64.0 | ▲+1.9 | 1466 | Ledger |
| 34 | PLTT | PaletteNordic AP automation with AI-assisted invoice handling and approval workflows. | 🇸🇪 | 63.2 | ▲+1.0 | 1513 | Ap |
| 35 | QVAL | QvaliaAP/AR and transaction-data platform with AI across invoice handling. | 🇸🇪 | 63.2 | ▼-0.7 | 1528 | Ap |
| 36 | MESH | MeshaAI-native invoicing and receivables automation. | 🇺🇸 | 60.9 | ▲+2.4 | 1563 | Ar |
| 37 | LNDY | LundifySwedish AI-native accounting startup targeting modern SMBs and advisors. | 🇸🇪 | 59.7 | ▲+0.4 | 1550 | Ledger |