Invoice Simple is a mobile-first invoicing product. It runs on iOS and Android (and a web app), has built-in payment processing through Stripe and PayPal, stores a customer database, supports recurring invoices, and is priced around $9 to $40 a month depending on which tier you pick. It is built for people whose business runs on invoicing, not for occasional users.
meraSaaS includes an invoice generator but it is not the whole product. The invoice tool is one of 20 tools in the bundle. It produces a clean invoice PDF from a form, with country-aware tax presets and local-only draft storage. There is no payment processing, no customer database, no recurring invoices.
These are different shapes of product for different people. Here is the actual difference.