Best Fund Administration Software in 2026
Updated
In short: Keel is ranked #1 of 30 as of 4 October 2026, ahead of Hemrock and Juniper Square. The best-ranked option with a free plan is Hemrock. The lowest first paid tier on this page is Infra One at $0.83/mo.
Fund administration software can support the workflows and investor records involved in managing a fund. Compare on capital account tracking, capital call workflows, NAV workflows, and allocation waterfalls to see which operational needs each option addresses. Investor portals and investor limits provide further points to consider, while free-plan availability and “Paid from” pricing help frame cost. Keel, Hemrock, and Juniper Square are among the entries, with Dynamo CRM & Deal Management and Allvue Investment Management also shown. Think about the capital activity your fund handles and how investors need to access information when weighing the listed capabilities.
30 fund administration software ranked on what their makers publish — plans and prices, free tiers, platforms and the facts on their own pages.
2 of the 25 here have a free tier you can use, 0 have open-source code on record, and 0 have full bars: free, open, on most of your devices and documented.
| # | App | Signal | Free tier | Open code | Devices | From | Score |
|---|---|---|---|---|---|---|---|
| 1 | KeelWeb · API | Two bars | — | 1 of 6 | £265/mo | 6.4 | |
| 2 | HemrockWeb · Self-hosted · API | Two bars | — | 1 of 6 | $250/mo | 6.3 | |
| 3 | Juniper SquareWeb · Android · iPhone · API | Two bars | — | — | 3 of 6 | — | 5.6 |
| 4 | AdminSphereWeb · Android · iPhone · API | Two bars | — | — | 3 of 6 | — | 5.5 |
| 5 | Dynamo CRM & Deal ManagementWeb · Android · iPhone · API | Two bars | — | — | 3 of 6 | — | 5.5 |
| 6 | Allvue Investment ManagementWeb · Extension | One bar | — | — | 1 of 6 | — | 5.4 |
| 7 | aama.ioWeb · Android · iPhone · API | Two bars | — | — | 3 of 6 | $1,500/mo | 5.2 |
| 8 | ArkWeb | No signal | — | — | 1 of 6 | — | 5.2 |
| 9 | FormidiumWeb | No signal | — | — | 1 of 6 | — | 5.2 |
| 10 | fundflowWeb | No signal | — | — | 1 of 6 | — | 5.2 |
| 11 | FundwaveWeb · Android · iPhone · API | Two bars | — | — | 3 of 6 | $800/mo | 5.2 |
| 12 | ValenceWeb | No signal | — | — | 1 of 6 | — | 5.2 |
| 13 | AllocateWeb | No signal | — | — | 1 of 6 | — | 5.1 |
| 14 | BasisWeb | No signal | — | — | 1 of 6 | — | 5.1 |
| 15 | EntriliaWeb | No signal | — | — | 1 of 6 | — | 5.1 |
| 16 | GojiWeb | No signal | — | — | 1 of 6 | — | 5.1 |
| 17 | Infra OneWeb | One bar | — | — | 1 of 6 | $0.83/mo | 5.1 |
| 18 | ModelTreeWeb · Windows | One bar | — | — | 2 of 6 | — | 5.1 |
| 19 | SeleneNo platforms listed | No signal | — | — | 0 of 6 | — | 5.1 |
| 20 | VentariWeb | No signal | — | — | 1 of 6 | — | 5.1 |
| 21 | Ashta.aiWeb | One bar | — | — | 1 of 6 | — | 5.0 |
| 22 | CaproomWeb | One bar | — | — | 1 of 6 | — | 5.0 |
| 23 | PerfonaWeb · API | One bar | — | — | 1 of 6 | $1,000,500/mo | 5.0 |
| 24 | PoliBitWeb | One bar | — | — | 1 of 6 | — | 5.0 |
| 25 | VCF.coWeb · API | One bar | — | — | 1 of 6 | — | 5.0 |
Is your app on this list?
Numbered spots on this list can be sponsored. They are labelled, and the editorial order and scores never change for payment.
Questions about this list
Which fund administration software is ranked first on Freedom251?
Keel is ranked #1 of 30 with a score of 6.4. Hemrock is second and Juniper Square third.
How many of these have a free plan?
2 of the 25 on this page publish a free plan on their own pricing pages.
Which is the cheapest paid option?
On this page, Infra One has the lowest first paid tier we found: $0.83/mo.
How is this list ranked?
Ranked free-and-open first: a usable free tier and open-source code, then the platforms it runs on and its documentation. Paid placements never change a rank.