Overview
Ledgy, operated by Ledgy AG, describes itself as a unified platform for non-cash compensation covering equity, deferred compensation and carried interest. Its co-founders identified the problem it addresses in 2017, and by March 2026 it reported more than 1,000 private and publicly listed clients in over 45 countries, over 200,000 users and profitable operations[7]. In March 2026 co-founder Armon Bättig became sole CEO and chairman, while co-founders Yoko Spirig and Ben Brandt left the company and Timo Horstschaefer stayed as CTO[7].
Ledgy’s distinguishing feature is its reach beyond the cap table. The Scale plan adds more than 70 HRIS integrations, DocuSign and Skribble e-signing, automated granting and exercising, EMI and payroll reporting, UK Companies House reporting and independent HMRC, 409A, BSPCE and fair market valuations. Enterprise adds a GraphQL API, dividend workflows, SAML SSO, SCIM provisioning and an IPO-readiness team, and a separate public-company product handles share settlement, broker integration and insider management[6].
Its pricing page shows one inconsistency: a free plan advertised for up to 25 stakeholders, while the Launch plan itself lists a 50-stakeholder cap table[6]. Paid plans are priced in euros and start at €5,000 a year, above most US challengers.
Ledgy features
- Free Launch plan with multi-entry cap tables
- 70+ HRIS integrations
- UK Companies House and EMI reporting
- HMRC, 409A and BSPCE valuations
- GraphQL API and SAML SSO on Enterprise
- Public-company share plan administration
- IFRS 2, FRS 102 and ASC 718 reporting add-ons
Ledgy pricing
Launch: free (self-serve support). Scale: from €5,000 per year. Enterprise: from €18,000 per year, for 200+ stakeholders. Public companies: custom pricing. Financial reporting add-ons: Essentials from €3,000 per year, Advanced from €5,000 per year.
Ledgy strengths and limitations
Strengths
- Covers private and listed companies, avoiding migration at IPO
- Strong UK and continental European compliance coverage
- Large HRIS integration catalogue
- Prices for paid tiers are published
Limitations
- Paid tiers start well above US challengers
- Free plan stakeholder limit stated inconsistently on the pricing page
- SSO and SCIM reserved for Enterprise
- Financial reporting is an extra-cost add-on
Appears in
Ledgy alternatives and competitors
Alternatives to Ledgy: companies ranked in the same lists.
Carta
Fidelity Private Shares
Cake Equity
Mantle
Qapita
Eqvista
EquityList
Astrella
Vestd
Morgan Stanley Bank, N.A.
Global Shares (J.P. Morgan Workplace Solutions)
Optio Incentives
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