# Qapita vs Ledgy: which do AI models recommend for cap table management, September 2026

Finance AI Recommendation Index, September 2026 Edition, Cap table management. Four of twelve models named Qapita first on the direct prompt; zero named Ledgy. Page: https://finance-ai-index.com/corporate/cap-table-management/qapita-vs-ledgy/

| | First-choice share | Rank | Negative rate | Labels | Models naming it |
|---|---|---|---|---|---|
| Qapita | 14% | #2 of 8 | 4% | 26 | 11 of 12 |
| Ledgy | 3% | #6 of 8 | 6% | 36 | 12 of 12 |

## The direct prompt, model by model

- Mistral Small: qapita first (first choices: Carta, Qapita)
- DeepSeek V4 Flash: qapita first (first choices: Carta, Qapita) (alternatives: Ledgy)
- Llama 4 Maverick: qapita first (first choices: Carta, Pulley, Qapita)
- GLM 4.7 FlashX: qapita first (first choices: Qapita) (alternatives: Cake Equity, Capshare, Mantle, Pulley)
- Claude Haiku 4.5: neither first, one named (first choices: Carta) (alternatives: Cake Equity, Pulley, Qapita)
- GPT-5.4 mini: neither first, one named (first choices: Carta) (alternatives: Eqvista, Ledgy, Shareworks)
- Gemini 3.5 Flash: neither first, one named (first choices: Carta) (alternatives: ClosingWell, Ledgy, Pulley, Qapita)
- Perplexity Sonar: neither first, one named (first choices: Carta) (alternatives: Qapita)
- Grok 4.1 Fast: neither first, one named (first choices: Carta) (alternatives: Ledgy, Pulley)
- Qwen 3.7 Flash: neither first, one named (first choices: Carta) (alternatives: Pulley, Qapita)
- Kimi K2: neither first, one named (first choices: Carta) (alternatives: Cake Equity, Eqvista, Ledgy, Pulley)
- MiniMax M2.5: neither first, one named (first choices: Carta, Shareworks) (alternatives: EquityZen, Ledgy)

## What the models said about Qapita

- "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

- "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)

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. Comparisons are drawn for the top eight products in each category. Published under CC BY 4.0; the output is the models' output, and nothing here is a recommendation by the index.