back Back

Qapita partners with Citi to develop its private market trading platform

By Leandra Monteiro

December 06, 2021

  • Citi
  • Digital Solutions
  • Equity
Share

QapitaSingapore-based Qapita, which earlier announced its Series A round of USD 15 million co-led by East Ventures (Growth Fund) and Vulcan Capital added that it has secured a partnership with Citi. Citi has joined the Series A round, which will help the company accelerate its platform which includes the private company marketplace. Qapita plans to facilitate liquidity solutions via a digital marketplace enabling transactions for companies between investors and employee stakeholders.

Qapita expects the value of private securities in this region to exceed USD 1.0-1.5 trillion (with 200-250 unicorns) in the next few years and that scalable digital solutions will be critical for such an ecosystem to thrive. Qapita’s equity management software solves pain points relating to HR (ESOP), finance and fundraising for private companies, investors, shareholders and employees. Its marketplace will enable secondary transactions for these stakeholders. Qapita estimates that more than USD 150 billion of equity will need liquidity solutions.

This partnership will serve the growing market for private company secondary liquidity. Qapita has already built a CapTable and ESOP management platform and intends to launch a private company marketplace to offer one unified platform to its clients that will:

  • Record, manage and report all aspects of equity ownership – ESOPs and CapTables
  • Allow for custom, issuer friendly liquidity programs to be setup and run
  • Build standardized and scalable rails for private market transactions
  • Allowing transparency, accessibility and efficiency to investors seeking exposure to this asset class

Announcing the same, Ravi Ravulaparthi, CEO and Cofounder of Qapita said, “Our quest is to build a unified platform that addresses all matters relating to equity for a private company. The private market in this part of the world is set to be US$1.0 – 1.5 trillion in value. This market needs an operating system and transaction rails to make it transparent, accessible and efficient. This partnership with Citi will help us accelerate this mission. We look forward to more such partnerships with ecosystem players.”

Deepak Mehra, Citi’s Asia Head of Strategic FinTech Investments & Digital Solutions added, “This partnership highlights our focus on market structure innovation in the rapidly scaling private markets across the region. Qapita has a clear vision and an impressive team, and we are pleased to help accelerate their creation of a platform to foster liquidity in the market. The partnership also marks our continued commitment to invest in private markets globally in addition to FinTech and innovation across South-East Asia and India.”

Previous Article

December 06, 2021

APT Systems tightens focus on its core Stablecoin and Escrow business

Read More
Next Article

December 06, 2021

Purpose and Drop Partner to launch new cryptocurrency rewards

Read More








IBSi Daily News Analysis

March 22, 2024

Citi

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 07, 2024

Finastra hires Chief Technology Innovation Officer

Read More

February 22, 2024

Revolut launches Robo-Advisor to automate investment processes

Read More

February 20, 2024

Luzerner Kantonalbank implements FM Converge from Finmechanics

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023