The investment marks Schwab’s first strategic bet on an Asian-origin fintech and will help Qapita scale its equity management platform into the US while launching its fund administration product across markets. As part of the tie-up, the two companies will jointly roll out “Schwab Private Issuer Equity Services powered by Qapita,” a digital platform designed to help US private companies manage their cap tables and stock plans, and streamline transitions to public markets.
“To enter into the United States with both a significant Series B investment from Charles Schwab and a strategic product collaboration brings together the best private market solution and one of the leading public platforms,” said Ravi Ravulaparthi, co-founder and CEO of Qapita. “Our modern, configurable platform is designed to meet the needs of companies throughout their growth journey, and we think we can add immense value to the US start-up ecosystem,” he added.
Founded by Ravulaparthi, Vamsee Mohan and Lakshman Gupta, Qapita provides digital tools for cap table management, ESOP tracking, fund administration, and secondary transactions. The company operates across India, Southeast Asia, and the US, three of the world’s largest startup markets.
“This is a major milestone for us,” said Gupta, co-founder and COO. “From the beginning of our journey to expand into the US, to now closing this fund raise, the momentum is undeniable. Entrepreneurship in the private markets drives innovation, and innovation shapes the future of every economy”.
Earlier this year, Qapita raised $10 million from Singapore-based Analog Partners to support its global expansion. The company’s backers also include Cercano, East Ventures, Endiya Partners, Nyca Partners and Citi.
