Qapita, a fintech startup based in Singapore with operations in India and the USA, has raised $26.5 million in a Series B funding round.
The round was led by the US-based Charles Schwab Corporation, which made a strategic minority investment. Existing investors Citi and MassMutual Ventures also took part.
Founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan, Qapita also runs a technology centre in India.
The company plans to use this funding to expand its equity management platform into the US market and launch a new fund administration product in multiple regions.
As part of this investment, Qapita and Charles Schwab will work together on Schwab Private Issuer Equity Services, a platform that helps US-based private companies manage their cap tables.
“To enter into the United States with both a significant Series B investment from Charles Schwab and a strategic product collaboration brings together the best private market solution and one of the leading public platforms to help create a smooth transition through IPO,” said Ravi Ravulaparthi, founder and CEO of Qapita.
Qapita provides equity management solutions across India, Southeast Asia, and the US. Its platform helps companies track and manage ownership records of their shareholders and employees.
The company’s fund administration tool helps fund managers handle portfolios, ownership records, and investor reporting. Qapita also offers secondaries and liquidity solutions that help turn company ownership into real financial value.
Earlier, Qapita raised $10 million from Analog Partners, a growth equity fund based in Singapore.
“With our focus on product innovation, we’re raising the bar for how ownership is managed across private market ecosystems,” said Lakshman Gupta, founder & COO.
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