ElevenLabs vs Magnific (formerly Freepik)
ElevenLabs and Magnific (formerly Freepik) are both AI image & video generation tools. ElevenLabs is aimed at creators and developers, while Magnific (formerly Freepik) is aimed at creators and agencies. ElevenLabs costs less, from $6/mo versus $20/mo for Magnific (formerly Freepik). Both have a free plan.
Realistic AI voices, dubbing and speech-to-text
AI image, video and audio suite plus 250M+ stock assets
| Pricing | Freemium · $6 | Freemium · $20 |
| Starting price | $6/mo | $20/mo |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Built for | Creators, Developers, Enterprise | Creators, Agencies, Freelancers, Small businesses, Enterprise |
| Platforms | web | web, ios, android |
| Country | US · 2022 | ES · 2010 |
| Rating | — | — |
Choose ElevenLabs if
Creators, developers and businesses needing high-quality synthetic voice.
- Most natural voices available
- Broad product surface: TTS, STT, dubbing, agents
- Developer-friendly API
Look elsewhere if: Occasional users who can use built-in TTS in their OS or editor.
Choose Magnific (formerly Freepik) if
Designers, marketers and agencies who want a large stock library and many image and video AI models under one predictable subscription.
- Stock library and dozens of AI models under one subscription
- Unlimited generations on selected models in Premium+
- Commercial license and no training on customer data
Look elsewhere if: Users who only need one distinctive image model or simple social templates (Midjourney, Canva).
ElevenLabs vs Magnific (formerly Freepik) pricing
ElevenLabs
- Free$010k credits/mo
- Starter$6/mo30k credits, commercial license; $5/mo yearly
- Creator$22/mo121k credits, pro voice cloning; first month $11
- Pro$99/mo600k credits, 44.1kHz PCM via API
- Scale$299/mo1.8M credits, 3 seats
Magnific (formerly Freepik)
- Free$0Free stock downloads with attribution
- Premium$20/moUp to 25% off billed annually; 240K credits/year
- Premium+$45/mo$33.75/mo billed annually; unlimited Nano Banana 2 (1K)
- Pro Starter$110/mo$82.50/mo billed annually; 1.5M credits/year
- Business / EnterpriseCustomTeam seats, shared credits, admin controls
ElevenLabs · Key features
- Text to speech with expressive multilingual models
- Instant and professional voice cloning
- Dubbing with translation and lip sync
- Conversational AI agents for voice calls
- Sound effects and music generation
- Scribe speech-to-text and audio isolation
Cons
- Credits deplete quickly for long-form content
- Voice cloning ethics and consent requirements
- Attribution needed on free tier
Magnific (formerly Freepik) · Key features
- 250M+ stock photos, vectors, icons, PSDs, videos and templates
- Image generation with Nano Banana, Magnific One and other models
- Video generation with Kling, Seedance, Veo and MiniMax models
- Magnific image and video upscalers; Topaz on Premium+ and up
- Spaces: shared node canvas to chain models into workflows
- Music, voice and sound effect generation with commercial license
Cons
- Credit costs differ per model and are hard to compare
- Video generation eats credits fast on lower tiers
- Plans and names changed several times in 2026
ElevenLabs vs Magnific (formerly Freepik): FAQ
Which is cheaper, ElevenLabs or Magnific (formerly Freepik)?
ElevenLabs starts at $6/mo and Magnific (formerly Freepik) at $20/mo. Both prices are checked on the vendors' own pricing pages.
Do ElevenLabs and Magnific (formerly Freepik) have a free plan?
Yes, both ElevenLabs and Magnific (formerly Freepik) have a free plan; paid plans add more usage and features.
Which is better for small businesses, ElevenLabs or Magnific (formerly Freepik)?
Magnific (formerly Freepik) lists small businesses as a core audience, while ElevenLabs is aimed more at creators and developers.