Ledgy

Ledgy is an AI-powered platform for administering equity and executive compensation from incorporation through post-IPO. It is a strong fit for finance, legal and people teams running complex, international award programs, while smaller companies should weigh its stakeholder caps and paid-tier costs carefully.

Its broad compliance, automation and employee self-service coverage is compelling when equity operations are becoming a system of record; organizations with only a small cap table may find a simpler tool more economical.

Overview

Ledgy combines cap-table administration, share-plan automation, employee communications, compliance, financial reporting, trading and settlement, and executive compensation management. It supports private and public companies and award structures including ESOP, VSOP, LTIP, EMI, CSOP, RSUs, options, warrants, growth or hurdle shares, BSPCE, SARs and STAK.

The product was founded in 2017 in Zurich by physicists who met at ETH Zürich. Its web and API access suit organizations that need finance, legal and people teams working from synchronized equity data.

Key features

International programs benefit from automated country-specific compliance reports, global-mobility reporting, custom vesting and IFRS 2 expensing. Advanced vesting, tax reporting and valuation support go beyond a basic option ledger and are relevant when awards span jurisdictions or accounting treatments.

More than 70 HRIS integrations synchronize employee records and support grant workflows. Automated granting, bulk document creation and signing, end-to-end exercising and offboarding reduce repetitive administration. The practical limits depend on plan: Scale includes up to two offboarding workflows and up to five performance conditions, while Enterprise includes unlimited versions of both.

Employees receive dashboards for grants, vesting schedules and real-time award updates, and can exercise and trade shares through Ledgy. The GraphQL API uses OAuth 2.0 service accounts and is limited to 20 requests every five seconds per company, a meaningful constraint for high-volume integrations.

Security controls include ISO 27001:2022 certification, TLS 1.3 encryption, annual penetration tests, SAML single sign-on with SCIM provisioning, role-based access controls and GDPR compliance. Ledgy’s Trust Centre also lists SOC 1 Type 2, SOC 2 Type 2, penetration-testing and security-policy documentation.

Pricing

Launch costs nothing and permits a maximum of 50 stakeholders. It includes a flexible multi-entry cap table, equity plans and grants, simple vesting and self-serve support. This is a sensible starting point for a small program, but the 50-person ceiling and simpler vesting make it unsuitable for a rapidly expanding or highly conditional plan.

Essentials starts at €3,000 a year. It adds tranche-level expensing, Black Scholes valuations, custom accounting, locked report history and a disclosures report. Choose it when accounting depth matters more than HRIS connectivity or extensive workflow automation.

Scale starts at €5,000 a year and includes 50+ stakeholders, more than 70 HRIS integrations, two offboarding workflows, up to five performance conditions and email support. It is the practical tier for a growing company that needs synchronized people data and assisted support.

Advanced also starts at €5,000 a year. It includes all Essentials features plus cost-centre movements, performance conditions and journal entries; multi-currency conversion is coming soon. It favors finance teams needing allocation and accounting controls rather than the HRIS-led package in Scale.

Enterprise starts at €18,000 a year, with 200+ stakeholders, unlimited performance conditions, GraphQL API access, unlimited offboarding workflows, SCIM provisioning and 2FA enforcement. It is aimed at larger, security-conscious organizations; the price is difficult to justify for a modest cap table.

Public uses custom pricing and adds automated share-plan administration, trading and settlement, financial reporting, and email and chat support. Public-company requirements determine whether this tier is appropriate.

Platforms

Ledgy provides web access and an API. The GraphQL endpoint supports OAuth 2.0 service accounts, with the stated company-level rate limit of 20 requests per five seconds.

Who it's for

Ledgy suits private companies scaling from incorporation, multinational employers coordinating grants and mobility, and public companies needing trading, settlement and reporting. Finance, legal and people teams gain a shared workflow, while employees get direct visibility and transaction access. It is less compelling for founders who only need a very small cap table and basic grants.

Pros and cons

• Pro: Broad award-type, vesting, tax and valuation support handles sophisticated compensation programs.
• Pro: Country compliance, IFRS 2 expensing and global-mobility reporting address international operating work.
• Pro: HRIS coverage exceeding 70 integrations and automated documents, exercising and offboarding reduce manual processing.
• Pro: ISO 27001:2022 certification, SSO, SCIM, role controls and documented testing support stringent security reviews.
• Con: Launch stops at 50 stakeholders and offers only simple vesting, so growth can force an upgrade.
• Con: Enterprise starts at €18,000 a year, and API access is reserved for that tier.
• Con: The API’s 20-requests-per-five-seconds company limit may require careful integration design.

Alternatives

Choose Equity Compensation Management Software when you want a broader category comparison, or Cap Table Management Software when ownership records are the primary requirement.

Cake Equity is a lower-cost mobile and web option: its free tier covers five stakeholders and cap tables, options and SAFE notes, while Build costs $1,000 a year.

Eqvista fits very small teams with a free tier for fewer than 20 stakeholders and cap-table, ESOP, vesting, accounts and data-room functions.

Vquity offers a forever-free workspace for one company and up to 10 stakeholders, with a 99.00 USD monthly plan for larger use.

EquityList is a web alternative with 10 free stakeholders and 1,000 lifetime AI credits; its annual Build plan covers 35 stakeholders for 1,200 USD billed annually.

Fidelity Private Shares suits companies under 1 million USD raised and up to 25 stakeholders seeking cap-table, plan-generation, data-room and board-consent tools.

Computershare BoardWorks is a paid, multi-platform board-management product with unlimited committees and extra-user charges.

Empower Health and Welfare Benefits Administration is a paid benefits-administration alternative with pricing handled by an Empower representative.

Shareworks is another paid alternative with pricing not stated on its product page.

Verdict

Choose Ledgy if your organization needs one platform for complex, international equity operations, employee access, compliance and accounting, and can match its plan to stakeholder volume. Look elsewhere if you have a tiny cap table, need inexpensive mobile-first administration, or require API throughput beyond its stated limit without paying for Enterprise.