Cofactu vs Holded
Holded is a solid generalist ERP. But VeriFactu isn't its core, and it shows: error 4124 blocking invoicing, multi-currency that mixes euros with dollars, "gems" that multiply the base fee. A rigorous comparison with real quotes from Trustpilot and Capterra (May 2026).
The same invoice: in Cofactu, validation catches the error and AEAT accepts it; in Holded, error 4124 blocks it (Capterra).
Six differences you'll notice on day one
The essentials first. The full breakdown of all 21 features is further down.
VeriFactu active from day 1
Human support at no extra cost
Native multi-tenancy for accounting firms
Multi-currency that doesn't break your accounts
No "gems" that multiply your bill
AI assistant with real data
What Holded users are saying in 2026
Literal quotes from Trustpilot and Capterra. We haven't edited them or cherry-picked the harshest ones — these are the most recurring complaints in verified reviews, linked to the source.
"Blocked from invoicing since Friday due to a technical error on the platform when sending data to AEAT (Verifactu Error 4124), where the software incorrectly maps the XML, sending the data in the 'Representante' block instead of 'Destinatario'."
Capterra · Holded reviews
"€35 monthly for a service that doesn't comply with legal regulations and €50 extra just to talk to a human on the phone… they've sent videos and formal complaints with no response."
Trustpilot · Holded ES
"A constant headache since the changes in mid-2025… what should be a quick invoice turns into a waste of time… things you used to be able to do, you no longer can."
Trustpilot · Holded ES
"Holded mixes everything into the account total if you invoice in euros and dollars, giving a final number that adds dollars and euros as if they were worth the same."
Trustpilot · Holded ES
Want the row-by-row detail? Scroll down to the comparison table.
Real cost based on your usage, not the "starting at" price
Holded's base price sounds good until you add up the "gems" — the separate modules you need to operate as a real business. Three typical scenarios:
Self-employed with receipt OCR + 50 invoices/month
Cofactu
€9/month
No extras. No surprises.
Holded
Base: €7.50/month
- + Extended OCR: ~€10
- + One-off human support: €50 flat
Total: ≈ €17.50 + support
Small business with inventory, POS (1 store) and 200 invoices/month
Cofactu
€19/month
No extras. No surprises.
Holded
Base: ≈ €15/month
- + Inventory: +€25
- + POS 1 store: +€25
Total: ≈ €65/month
Accounting firm with 80 clients
Cofactu
€199/month (unlimited clients)
No extras. No surprises.
Holded
Base: Partner program (price on request)
- + No native multi-tenancy · each client billed separately
Total: ≥ 80 × per-client price
Holded prices estimated from their public pricing as of May 2026. If they've changed, email us at hola@cofactu.com and we'll update it.
Point-by-point comparison
21 features compared side by side, grouped by category. Every relevant gap includes a verbatim quote from Trustpilot/Capterra as evidence.
| Feature | Cofactu | Holded |
|---|---|---|
| VeriFactu | ||
| Real submission to AEAT active and working Public comparisons show Holded without active VeriFactu submission yet (rankiabusiness · conteo.me) | Yes — since day 1, sandbox + production | In development (no public date as of May 2026) |
| Pre-submission validation with AEAT error explanations Capterra Holded: "blocked from invoicing by Verifactu Error 4124, where the software incorrectly maps the XML" | 14 cataloged codes (4124, 4112, 4101, 4170…) with reason + how to fix it | Raw technical message with no context |
| Automatic detection of broken chain (4171) | Yes — 1-click repair | Manual |
| AEAT power-of-attorney alerts T-90 / T-30 / T-7 | Yes — unique in the market | No |
| Proactive email when AEAT rejects | Yes — code + how to fix it + log | Notification with no context |
| SII Canarias compliance Capterra: user reports non-compliance with SII Canarias in Holded | On the roadmap for Q3 2026 | Not supported |
| SII (Immediate Supply of Information, >€6M) Holded's base plan doesn't include SII; sold as an accounting add-on | Included — issued + received, no extra module | Separate module ~€30/month |
| TicketBAI 3 Basque Country territories (Araba/Bizkaia/Gipuzkoa) | Yes — included, XAdES-BES + submission to regional tax authority | Bizkaia only |
| Pricing | ||
| Base plan (self-employed) | €9/month — all included | €7.50/month + separate modules ("gems") |
| Inventory / POS / extended OCR Trustpilot: "€35 monthly for a service that doesn't comply with legal regulations" (sum of gems) | Included in the €19 Small Business plan | Inventory €25, POS €25/store, low OCR ceiling |
| Human support at no extra cost Capterra: "€50 extra just to talk to a human on the phone" | Yes — human chat support during business hours | €50 extra to talk to a human |
| Multi-tenant for accounting firms | ||
| Native parent-child hierarchy | Yes — switch between clients in 1 click | Separate partner program |
| Magic onboarding (Form 036 + invoices + bank in 8 min) | Yes — single drop zone with AI-powered Form 036 parser | Manual configuration client by client |
| Native white-label | Yes — logo + color + tagline + domain | No |
| Centralized certificate management | Yes — one encrypted .p12 per child org | Manual |
| Multi-currency | ||
| Correct handling of accounts in €/$/£ Trustpilot: "Holded mixes everything into the account total if you invoice in euros and dollars, giving a final number that adds dollars and euros as if they were worth the same" | 18 currencies with exchange rate per invoice | Mixes €/$ in totals (reported bug) |
| UX stability | ||
| Commitment to no breaking changes Trustpilot: "a constant headache since the changes in mid-2025… things you used to be able to do, you no longer can" | Yes — 90 days' notice, public /changelog | No explicit commitment |
| Public roadmap + user voting | Yes — /roadmap with voting | No |
| AI Assistant | ||
| Conversational assistant with real data | Yes — ⌘K + /assistant page with tools | No |
| Create an invoice from a prompt | Yes — "Invoice for Acme for €500" → draft | No |
| Tax knowledge base with BOE/DGT citations | RAG with mandatory citations | No |
| Customer data | ||
| Complete ZIP export with no lock-in | Yes — 1 click, CSV + PDF + XML + audit log | Partial |
| Import from Holded | Yes — via Holded's official API | — |
If you're coming from Holded, you don't start from zero
Assisted migration in four steps. Your data comes in whole, and if you leave, it goes out whole.
We import your history
Clients, products, and invoices via Holded's official API (Sprint 32 already shipped).
We detect your series
Auto-detection of series + last number from the historical batch — we start numbering where you left off.
You validate for 30 days free
Test with your real data before switching. No credit card, no lock-in period.
Your data is yours
If you go back to Holded, you take everything with you in a ZIP (CSV + PDF + XML + audit log) with 1 click.
Preguntas frecuentes
The most common questions when comparing Cofactu to Holded before 2027.
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hola@cofactu.com Migration guide from HoldedIs Cofactu really cheaper than Holded?
Doesn't Holded support VeriFactu? Isn't that illegal starting in 2027?
I'm an accounting firm with 80+ clients. Can Cofactu handle it?
How do I migrate my data from Holded to Cofactu?
What if I'm not convinced?
More on Cofactu
Keep comparing
More context to decide with data, not marketing.
30-day trial, no card
If you'd rather stick with Holded afterward, you take your data with you in a ZIP. No lock-in, no 'we'll call you to keep you' gimmicks.