Finance AI Index
Index Equity and corporate Cap table management › Qapita vs Ledgy
Cap table management · September 2026 Edition

Qapita vs Ledgy

Four of twelve models named Qapita first on the direct prompt; zero named Ledgy. Qapita was named by eleven of the twelve models and Ledgy by twelve and Qapita carries 26 labels and Ledgy 36, so the shares are not directly comparable.

Qapita

accepted challenger

Named in one category this edition.

Ledgy

accepted challenger

Named in two categories this edition.

First-choice share14%3%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate4%6%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#2#6A position in a field of 8; printed, not drawn.
Labels2636A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Qapita reading right to left. Rank and label count are printed, not drawn.Carta was named alongside these two in eleven of the twelve direct answers. Carta vs Qapita · Carta vs Ledgy · Qapita vs Eqvista

Share is the count of first choices across the direct, paraphrase, budget and scale prompts over all twelve models, for a mid-market B2B company; rank is within the category; every quote names the model and the prompt it came from. Both figures come from the cap table management page.

By framing

How many of the twelve models made each the first choice, per way of asking, and how many argued against it.
QapitaFirst choices, of twelve modelsLedgy
Direct40
Paraphrase311 against Qapita
Comparative00
Budget-constrained001 against Ledgy
Scale-constrained11
Negative001 against Ledgy
Bars are first choices, 0 to 12 each sideModels that argued againstA model can name both, so the two sides of a row do not sum to twelve.

Across every category in the September 2026 Edition, Qapita and Ledgy were named in the same answer thirty-seven times, of the 67 answers naming Qapita and the 104 naming Ledgy. In those answers Ledgy took the first choice one time and Qapita five.

Every model, every framing

The seventy-two answers behind the chart above, one cell each: where Qapita and Ledgy stood in it.
ModelDirectParaphraseComparativeBudget-constrainedScale-constrainedNegative
Claude Haiku 4.5
GPT-5.4 mini
Gemini 3.5 Flash
Perplexity Sonar
Grok 4.1 Fast
Mistral Small
DeepSeek V4 Flash
Llama 4 Maverick
Qwen 3.7 Flash
Kimi K2
GLM 4.7 FlashX
MiniMax M2.5
Qapita Ledgy first choice named as an alternative argued againstblank: not namedEach cell is one answer, Qapita on the left and Ledgy on the right.

The direct prompt

The plain question, one answer per model, grouped by where Qapita and Ledgy stood in it.

Qapita first, Ledgy an alternative

4 of 12 modelsLedgy was named in the answer but not as the choice, or not at all.
Mistral SmallCarta, Qapita
DeepSeek V4 FlashCarta, Qapita alternatives: Ledgy
Llama 4 MaverickCarta, Pulley, Qapita
GLM 4.7 FlashXQapita alternatives: Cake Equity, Capshare, Mantle, Pulley

Neither was the first choice, one was named

8 of 12 modelsThe answer put something else first and named one of the two as an alternative.
Claude Haiku 4.5Carta alternatives: Cake Equity, Pulley, Qapita
GPT-5.4 miniCarta alternatives: Eqvista, Ledgy, Shareworks
Gemini 3.5 FlashCarta alternatives: ClosingWell, Ledgy, Pulley, Qapita
Perplexity SonarCarta alternatives: Qapita
Grok 4.1 FastCarta alternatives: Ledgy, Pulley
Qwen 3.7 FlashCarta alternatives: Pulley, Qapita
Kimi K2Carta alternatives: Cake Equity, Eqvista, Ledgy, Pulley
MiniMax M2.5Carta, Shareworks alternatives: EquityZen, Ledgy

Bold names in an answer are the products the judge labeled a first choice; a model naming several gives each of them that label. The full answer text for every row is in the record.

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment and they are never added together. The figures above are the mid-market standing, which is the one the category orders by.
Small business
Qapita leads by five points.
Qapita5%#5 of 6
Ledgy0%#6 of 6
The full small business standing →
Mid-marketThe figures above
Qapita leads by ten points.
Qapita14%#2 of 8
Ledgy3%#6 of 8
The full mid-market standing →
Enterprise
Qapita leads by nine points.
Qapita9%#3 of 9
Ledgy0%#8 of 9
The full enterprise standing →

What the models said about Qapita

Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Four of five in this category shown.

“Strong in Asia-Pacific, but not a leader in the US/EU.” DeepSeek V4 Flash · paraphrase prompt · soft negative
“Qapita and Carta are the most frequently recommended due to their scalability, global compliance features” Mistral Small · paraphrase prompt · first choice
“Qapita offers the best balance of full-lifecycle features and transparent pricing for mid-market scale” DeepSeek V4 Flash · direct prompt · first choice
“Carta and Qapita are the top recommendations based on scalability, feature set, and industry adoption” Mistral Small · direct prompt · first choice

What the models said about Ledgy

Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Five of six in this category shown.

“Avoid for tight budgets: ... Ledgy (€900/year+)” Grok 4.1 Fast · budget prompt · hard negative
“many reviews note that its scenario modeling lacks depth for complex liquidation preferences” DeepSeek V4 Flash · negative prompt · soft negative
“I'd suggest Carta if you're in the US or Ledgy if you're international/European” MiniMax M2.5 · paraphrase prompt · first choice
“Shortlist 3 (e.g., Carta, Pulley, Ledgy) based on your geography/ESOP needs.” Grok 4.1 Fast · scale prompt · first choice
“If your company is headquartered in Europe, the UK, or APAC, these platforms are highly competitive” Gemini 3.5 Flash · scale prompt · alternative
Also compared

Comparisons are drawn for the top eight products in each category, each against each. The output is the models' output; nothing here is a recommendation by the index.