The most loved Qapita alternative.
More features. Transparent pricing. AI-native data security. And exercise payments your employees complete on their own.
Draft grants for the 12 new hires in these offer letters.
11 drafted · 1 held for review
Switched from Qapita
What teams tell us about Qapita.
What reviewers say, and how the product and pricing are structured.
A ransomware group claims a breach
In December 2025, LockBit 5.0 listed ESOP Direct, a Qapita company, as a claimed target and alleged it had exfiltrated data before encrypting systems.
Its AI wasn't built for equity operations
Its AI isn't purpose-built to read your grant documents, enforce your plan rules, or act directly on your live cap table register.
Reporting could be sharper
Reviewers on G2 describe the reporting as functional but say it could go further, and that the layout takes time to get comfortable with.
Integrations stop short
A recurring G2 ask is broader integrations, including a direct link to HR platforms, that aren't there yet.
Customization requests go unmet
G2 reviewers say Qapita could use more customization options to fit how their organization actually runs.
No self-serve way to ask a question
Qapita's site has no live chat or AI to answer a visitor's question directly. The primary path in is booking a demo.
Your Equity Agent, built to make managing equity easier.
Your Equity Agent reads your documents, enforces your plan rules, and acts across grants, exercises, filings, and compliance, all on your live register.
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 your live register
The agent works directly on your own numbers. Not a static export, not a quarterly snapshot.
Works across the whole job
Grants, exercises, filings, and compliance, across every entity: one agent, not a separate tool for each.
✓Checked against plan rules and pool ceiling
✓Grant letter drafted, local tax treatment applied
…Waiting on your approval
Security, built AI-native.
How the AI works on your data, and what never leaves.
Your Equity Agent runs inside EquityList itself, in an environment we control, not handed off to a separate AI product or plugin.
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
Switch from Qapitain hours, not weeks.
Sign up and finish onboarding yourself in minutes. Or book a demo and we'll migrate your cap table for you, in as little as 12 hours.
Questions teams askbefore they switch.
Yes. EquityList is built to manage both private and publicly listed companies. You can handle disclosures, trading windows, shareholder communications, and regulatory filings from the same platform, on the same register you built as a private company.
Qapita's AI investment spans a broader suite than just company equity. Your Equity Agent is built for one customer: the company running its own cap table and equity compensation. It reads your documents, enforces your plan rules, and works directly on your live register, not a static export.
In December 2025, the ransomware group LockBit 5.0 publicly listed ESOP Direct, a Qapita company, as a claimed target and alleged it had exfiltrated data before encrypting systems.
A full migration can complete in as little as 12 hours once we have your data, with a dedicated point of contact throughout: your cap table, grants, and historical transactions imported end to end, not just a new empty account. Or sign up self-serve and complete onboarding yourself in minutes.
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.
EquityList is a global equity management platform supporting companies across the US, India, Southeast Asia, the Middle East, and Europe, with multi-jurisdictional compliance, reporting, and equity workflows on one register.
Onboarding timelines are illustrative and vary by cap table size and data quality. Feature comparisons on this page reflect our understanding of Qapita'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. The item about a reported security incident reflects public reporting as of that date and is not a claim we can independently confirm. Qapita is a trademark of its respective owner; EquityList is not affiliated with, endorsed by, or sponsored by Qapita. If something here is out of date or inaccurate, let us know at help@equitylist.co and we'll correct it.