Qapita, a Singapore headquartered fintech startup with deal with fairness 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 Company who made a strategic minority funding in Qapita. Current buyers Citi and MassMutual Ventures additionally participated within the spherical.
Based 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 fairness administration platform into the US market and launch its fund administration product throughout a number of markets.
As an extension of this funding, Qapita and Charles Schwab will collaborate on Schwab Personal Issuer Fairness Companies, a platform that permits US-based personal corporations to handle their cap tables.
“To enter into america with each a major Sequence B funding from Charles Schwab and a strategic product collaboration brings collectively the perfect personal market answer and one of many main public platforms to assist create a clean transition by IPO,” stated Ravi Ravulaparthi, founder and CEO of Qapita.
Qapita affords fairness administration options in India, Southeast Asia and the US. Its fairness administration platform helps corporations handle the possession information of their stakeholders. The fund administration answer helps fund managers handle their portfolios in addition to the possession and reporting necessities of their buyers. The secondaries and liquidity providing facilitate the unlocking of this possession into wealth.
Earlier, Qapita additionally raised $10 million from Analog Companions, a Singapore-based development fairness fund.
“With our deal with product innovation, we’re elevating the bar for the way possession is managed throughout personal market ecosystems,” stated Lakshman Gupta, founder & COO.
Edited by Jyoti Narayan
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