60% of switches to EquityList come from Carta.
Automate your global cap table and equity compensation with an AI Equity Agent, self-serve onboarding, multi-entity support, and more.
No sales call, no onboarding queue.
“What's our fully diluted share count, across every entity?”
EquityList
1,000,000
shares · 1 hop
Carta, via MCP
—
via MCP bridge · multiple hops
Switched from Carta
What teams tell us about Carta.
The 6 things that come up most often from companies before they switch.
Steep learning curve
New hires need a walkthrough before they can issue a single grant, so basic tasks wait on whoever already knows the platform.
Costs climb, flexibility doesn't
Per-stakeholder pricing rises while workflows stay fixed to templates that don't bend to how your team actually works.
Going public means leaving
The cap table you built as a private company hands off to a transfer agent right when the stakes get highest.
Leaving takes a call
Cancellation runs through an offboarding conversation, so your exit timeline waits on someone else's calendar.
Support lags
Response times lag exactly when a grant or an exercise is waiting on an answer, sometimes for days.
Routine work needs a lawyer
Teams are boxed into fixed templates, so a task as small as updating a vesting schedule routes through counsel.
AI-native.Not MCP-connected.
MCP hands your data to an external model through a protocol bridge. Your Equity Agent lives inside EquityList itself — reading your documents, enforcing your guardrails, and computing from your live register without ever routing through a third-party connection.
Reads your documents
Plan rules, board resolutions, offer letters — the agent reads every document you give it, not just the ledger.
Enforces your guardrails
Understands your plan rules and applies them as constraints, so it can't draft a grant that violates your scheme.
Computes from real numbers
The agent works directly on your live register. No tool calls to external APIs, no guessing from stale exports.
Everything stays inside EquityList
Where EquityList pulls ahead, past the agent.
One register, every entity.
Not a separate account per country.
India, Singapore, and the US roll into a single group cap table, not three spreadsheets reconciled by hand.
Private through listed.
The same register runs both.
The register you build as a private company is the one that runs trading windows and filings once you're public.
Under two hours to start.
No demo, no sales call to unlock it.
Upload your cap table and start working in it the same day.
The full comparison
Every capability, side by side. Pick a category to see where the two platforms actually differ.
Both platforms already do this well
Security, built AI-native.
How the AI works on your data, and what never leaves.
Not an MCP connector handing rows in your account to whichever outside client is asking. Your Equity Agent runs inside EquityList itself, in an environment we control.
A stripped-down question is what reaches a model. Your documents, your register, and every identity behind the question stay inside EquityList.
Names and identifiers are replaced with placeholders before a request ever leaves — a rule we can show you, not a policy that depends on which client you happened to connect.
The answer comes back and the data is deleted. Nothing here is ever used to train a model.
Your documents stay inside EquityList, encrypted and isolated to your account. Our agent works on them there, and what reaches a model is a stripped-down question — never your files.
You ask
How many options does John Lennon have left to vest?
What leaves your account
How many options does <person_1> have left to vest?
Plus the vesting rows that question touches.
What never leaves
Who <person_1> actually is. Your documents. The register. Every other holder's row.
What we keep
Nothing. The answer comes back and the data is gone.
Customer stories
What companies say after switching
Real teams, on the record about moving their cap table onto EquityList.
Transitioning to EquityList was a breeze. The platform's straightforward design ensured a hassle-free migration process, with excellent support at every step.
Chithra Ramachandran
Director - People, smallcase
We switched to EquityList because we needed a flexible, cost-effective solution. It's user-friendly — employees can easily check their ESOP details.
Ayush Sinha
VP & Head of People, Healthify
Transitioning to EquityList was a breeze. The platform's straightforward design ensured a hassle-free migration process, with excellent support at every step.
Chithra Ramachandran
Director - People, smallcase
We switched to EquityList because we needed a flexible, cost-effective solution. It's user-friendly — employees can easily check their ESOP details.
Ayush Sinha
VP & Head of People, Healthify
EquityList helped us transition from managing ESOPs on scattered Google sheets to managing them professionally.
Deepanshu Arora
Co-founder and CEO
EquityList enabled us to move from a manual to a sophisticated, automated setup — and hosted our maiden ESOP buyback program worth $3.7M.
Aarfa Shaikh
Associate Director, People Success, Bizongo
EquityList helped us transition from managing ESOPs on scattered Google sheets to managing them professionally.
Deepanshu Arora
Co-founder and CEO
EquityList enabled us to move from a manual to a sophisticated, automated setup — and hosted our maiden ESOP buyback program worth $3.7M.
Aarfa Shaikh
Associate Director, People Success, Bizongo
EquityList was a no-brainer for us in terms of trust and digitization. The quality of support and onboarding was a superior experience.
Jagadeesan Kumar
CFO and Head, Corporate Development, Kapp
EquityList saved us not only time but also minimized the risk of errors that come with manual processes. The support from onboarding onward has been exceptional.
Rupal Rajal
Head HR, Rupifi
EquityList was a no-brainer for us in terms of trust and digitization. The quality of support and onboarding was a superior experience.
Jagadeesan Kumar
CFO and Head, Corporate Development, Kapp
EquityList saved us not only time but also minimized the risk of errors that come with manual processes. The support from onboarding onward has been exceptional.
Rupal Rajal
Head HR, Rupifi
Transitioning to EquityList was a breeze. The platform's straightforward design ensured a hassle-free migration process, with excellent support at every step.
Chithra Ramachandran
Director - People, smallcase
We switched to EquityList because we needed a flexible, cost-effective solution. It's user-friendly — employees can easily check their ESOP details.
Ayush Sinha
VP & Head of People, Healthify
EquityList helped us transition from managing ESOPs on scattered Google sheets to managing them professionally.
Deepanshu Arora
Co-founder and CEO
EquityList enabled us to move from a manual to a sophisticated, automated setup — and hosted our maiden ESOP buyback program worth $3.7M.
Aarfa Shaikh
Associate Director, People Success, Bizongo
EquityList was a no-brainer for us in terms of trust and digitization. The quality of support and onboarding was a superior experience.
Jagadeesan Kumar
CFO and Head, Corporate Development, Kapp
EquityList saved us not only time but also minimized the risk of errors that come with manual processes. The support from onboarding onward has been exceptional.
Rupal Rajal
Head HR, Rupifi
Transitioning to EquityList was a breeze. The platform's straightforward design ensured a hassle-free migration process, with excellent support at every step.
Chithra Ramachandran
Director - People, smallcase
We switched to EquityList because we needed a flexible, cost-effective solution. It's user-friendly — employees can easily check their ESOP details.
Ayush Sinha
VP & Head of People, Healthify
EquityList helped us transition from managing ESOPs on scattered Google sheets to managing them professionally.
Deepanshu Arora
Co-founder and CEO
EquityList enabled us to move from a manual to a sophisticated, automated setup — and hosted our maiden ESOP buyback program worth $3.7M.
Aarfa Shaikh
Associate Director, People Success, Bizongo
EquityList was a no-brainer for us in terms of trust and digitization. The quality of support and onboarding was a superior experience.
Jagadeesan Kumar
CFO and Head, Corporate Development, Kapp
EquityList saved us not only time but also minimized the risk of errors that come with manual processes. The support from onboarding onward has been exceptional.
Rupal Rajal
Head HR, Rupifi
Frequently asked questions.
No. That's the switch this page is about. On Carta, going public means your register moves to a transfer agent: a new login, a new export, a new team to onboard. On EquityList, the register you built as a private company is the same one that runs your trading windows and filings once you're listed. Nothing moves.
Carta's AI investment is real, but it's built mainly for fund administration — waterfalls, capital calls, and LP reporting for GPs — split across an Investors Plugin, a Cap Table Plugin, a CRM Plugin, a CLI, and an Excel add-in, plus an MCP connection that hands your data to whichever outside model you bring. Your Equity Agent is built for the company running its own cap table and equity compensation. It's one thing inside EquityList itself, reading your documents and guardrails natively, not a plugin to install or a surface to pick between.
No. Migrating your cap table doesn't require re-papering anything. Your existing grants, agreements and consents move across as historical records, and everything new is issued on EquityList going forward.
Most cap tables move in under two hours, on your own schedule: upload your cap table and start working in it the same day. There's no demo to sit through and no sales call required to unlock the account, unlike Carta's 48-to-72-hour, sales-assisted process.
Load your cap table and judge for yourself.
Most cap tables move in under two hours, on your own schedule. No demo required, no sales call to unlock it.
Onboarding timelines are illustrative and vary by cap table size and data quality. Feature comparisons on this page reflect our understanding of Carta's public offering as of the date this page was last checked, are provided for informational purposes, and may not reflect recent changes to their product. Carta is a trademark of eShares, Inc.; EquityList is not affiliated with, endorsed by, or sponsored by Carta. If something here is out of date or inaccurate, let us know at help@equitylist.co and we'll correct it.