Customers
Stockholders
Options Managed
.svg){kind=small}
.png)
.svg){kind=icon}
SH-6, IND AS 102, ASC 718, and other region-specific reports built-in at no extra cost
US-first compliance; India and MENA workflows missing
Multi-entity support for subsidiaries across geographies
No multi-entity support
Dedicated onboarding manager, WhatsApp/Slack/email support
Primarily email support
Transparent per-stakeholder/year pricing; no extra charges for automated reports
High fixed costs; extra charges for standard reports
409A, HMRC, merchant banker valuations
Limited to 409A and HMRC
Custom ESOP, SAR, and RSU plan structuring
Consultative services not offered
White-glove onboarding with data cleanup in 48-72hrs*
Customer-led; may take up to 3 months
Available
Not available
Available
Not available
Carta’s includes unlimited system-generated and automated unlimited 409A valuations in its plans.
While fast and inexpensive, they often lack the credibility required by IRS, auditors, and investors.
So despite these system-generated reports, companies frequently end up commissioning an independent third-party valuation anyway, leading to additional costs and delays.
Unlimited valuations don’t help if they can’t be trusted.
On EquityList, 409A valuations are prepared by independent experts, making reports audit-ready and credible with regulators & investors.
Carta positions itself as an SEC-Registered Transfer Agent (RTA), suggesting that securities issued on its platform are ‘valid’ and warn users that offboarding may require re-issuance via legal teams or another RTA, therefore increasing cost and time spent.
An RTA acts as the official registrar, handling transfers, cancellations, and interfacing with brokers which is mainly necessary either for public companies or large private share issuances.
For most private companies, an SEC-RTA isn’t required; validity comes from board approvals, executed agreements, and legal compliance, not from the platform itself.
RTA status does not lock you with a specific vendor, and it does not, by itself, determine whether your securities are valid.
Fragmented dashboards where each entity’s cap table lives in isolation
Employee grants in local subsidiaries that aren’t tied back to the parent company
Manual equity reporting for geographies the platform doesn’t support
Global employee tax calculations have to be managed manually outside the system
One dashboard unifying parent and subsidiary entities, including cross-border structures
Integrated tracking of equity awards across all entities
Compliant reports for U.S. and India
Built-in support for global employee tax calculations
.svg){kind=icon}
Bikramjit Sin
Head of Business HR
Yaswanth Goteti
Head of People, Fincent
Chithra Ramachandran
Director - People, smallcase
Rupal Rajal
Head HR, Rupifi
.svg){kind=icon}
.svg){kind=icon}
.svg){kind=icon}