Qapita, a Singapore-based legaltech and fintech platform, has reportedly partnered with Citi as part of a Series A round. This partnership will help Qapita in expediting its platform for private stock.
The company plans to ease liquidity solutions through a digital marketplace allowing transactions for companies between employee stakeholders and investors. Qapita has already established an ESOP management platform, a capital table, and it aims to unveil a private firm marketplace to provide a unified platform.
According to Ravi Ravulaparthi, the Co-Founder and Chief Executive Officer of Qapita, the company aims at building a unified platform that acknowledges all matters pertaining to equity for a private firm. The private market needs transaction rails and an operating system to make it accessible, transparent, and efficient and this collaboration with Citi will expedite this goal.
Talking about the partnership, Deepak Mehra, the Asia head of strategic fintech investments and digital solutions at Citi expressed that the collaboration highlights its focus on market structure innovation in the quickly growing private markets throughout regions.
Mehra added that Qapita has a clear overview as well as an impressive team and Citi is delighted to help expedite its development of a platform to promote liquidity in the market. The collaboration also marks its continued dedication to investing in private markets worldwide, in addition to innovation and fintech across India and South East Asia.
Qapita commenced with digital equity management software for private firms, especially startups. The software platform is developed to allow ESOP management and capitalization of table management. The company is developing more software products to offer solutions to firms along with investors, employees, and shareholders.
Qapita, the company operated by Qapita Fintech India Pvt Ltd, was founded in 2019 by Lakshman Gupta, Vamsee Mohan, and Ravi Ravulaparthi. The company’s platform enables private firms to manage their ESOPs and capitalization tables.