Allocate vs Formidium
Allocate
allocate.co
Formidium
formidium.comSide by side
| Figure | Allocate | Formidium |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | — | Yes |
| macOS | — | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 1 | 0 |
| Spec score · Fund Administration Software | 7.6 (#12) | 7.4 (#17) |
| Founded | 2021 | 2016 |
| Integrations | Allocate says it integrates with major third-party wealth reporting systems but does not name them on the page opened. | The platform describes its architecture as API-first and says it integrates with existing systems for LP reporting, capital calls, and waterfalls. |
| Who it serves | The platform is for wealth advisory firms, including RIAs, and asset managers seeking to engage the wealth channel. | Its services target VC, PE, hedge, digital asset and other alternative funds, as well as management companies. |
Plans
In their own words
Formidium
Formidium provides fund administration, tax, compliance, and corporate services for alternative funds, including VC, PE, hedge, and digital asset funds. Its Seamless cloud platform handles portfolio, fund, and investor accounting across asset classes, including hedge funds, private equity, digital assets, and SPVs. Listed functions include a multi-asset, multi-currency general ledger, automated NAV calculations and allocations, investor accounting, capital calls, distributions, reconciliations, and configurable reports and data exports. CommonSubDoc supports digital subscription documents, e-signatures, KYC and AML checks, a white-labeled investor portal, customized reports, and document version control. Seamless Alts covers SPV formation and setup, onboarding, accounting, NAV reporting, tax preparation, K-1 generation, and investor reporting. Formidium also lists investor services, financial statements, audit support, and treasury services. The platform describes its architecture as API-first, with integrations for LP reporting, capital calls, and waterfalls. Pricing is available on request; the site offers a 30-minute platform walkthrough and says onboarding takes four weeks.