Qapita Raises $26.5M In Sequence B Funding Led By Charles Schwab Corp

Qapita, a Singapore headquartered fintech startup with cope with equity administration with presence in India and USA has raised $26.5 million in a Sequence B funding spherical.

The spherical was led by US-based Charles Schwab Firm who made a strategic minority funding in Qapita. Present consumers Citi and MassMutual Ventures moreover participated inside the spherical.

Based mostly in 2019 by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan, it has a know-how centre in India.

Qapita will use this funding spherical to scale its equity administration platform into the US market and launch its fund administration product all through a lot of markets.

As an extension of this funding, Qapita and Charles Schwab will collaborate on Schwab Private Issuer Equity Corporations, a platform that allows US-based private firms to deal with their cap tables.

“To enter into america with every a significant Sequence B funding from Charles Schwab and a strategic product collaboration brings collectively the proper private market reply and one among many important public platforms to help create a clear transition by IPO,” said Ravi Ravulaparthi, founder and CEO of Qapita.

Qapita affords equity administration choices in India, Southeast Asia and the US. Its equity administration platform helps firms deal with the possession data of their stakeholders. The fund administration reply helps fund managers deal with their portfolios along with the possession and reporting requirements of their consumers. The secondaries and liquidity offering facilitate the unlocking of this possession into wealth.

Earlier, Qapita moreover raised $10 million from Analog Companions, a Singapore-based improvement equity fund.

“With our cope with product innovation, we’re elevating the bar for the way in which possession is managed all through private market ecosystems,” said Lakshman Gupta, founder & COO.