Ledgy vs Tabulate
Ledgy
ledgy.comTabulate
incentiv.financeSide by side
| Figure | Ledgy | Tabulate |
|---|---|---|
| Price from | €250/mo | — |
| Free plan | Yes | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | — |
| Plans published | 6 | 0 |
| Spec score · Equity Compensation Management Software | 8.7 (#3) | 6.9 (#21) |
| Cap tables | The cap-table module records historical transactions with attached documents and supports customizable views, grouping, share classes, diluted and non-diluted percentages, and exports. | It tracks shares, options, warrants, convertible notes, and SAFEs in a company ownership record. |
| Company history | Ledgy was founded in 2017 by physicists who met at ETH Zürich. | Incentiv says it was founded in 2022 and launched Tabulate in 2023. |
| Compliance | The platform advertises country-specific compliance reporting, global-mobility reporting, IFRS 2 expensing and IPO-readiness support. | Tabulate generates Companies Act-aligned compliance documentation, including SH-6, for equity events. |
| Founded | 2017 | 2022 |
| Headquarters | Zurich, Switzerland | Bangalore, India |
Plans
Ledgy
- LaunchFree
- Essentials€3,000 a year
- Advanced€5,000 a year
- Scale€5,000 a year
- Enterprise€18,000 a year
- PublicPriced on request
In their own words
Ledgy
Ledgy manages equity and executive compensation for companies from incorporation through post-IPO, serving finance, legal, and people teams at private and public companies. Its tools cover cap tables, share plans, grants, employee communications, compliance, financial reporting, trading and settlement, and executive compensation. The platform automates country-specific compliance and global mobility reports, custom vesting, and IFRS 2 expensing. More than 70 HRIS integrations support synchronized data and grant workflows; automation also covers bulk document creation and signing, exercising, and offboarding. Employees can view grants, vesting schedules, and award updates, and exercise or trade shares. Ledgy states it is ISO 27001:2022 certified and lists controls including TLS 1.3 encryption, SAML SSO with SCIM provisioning, role-based access, and GDPR compliance. Its GraphQL API uses OAuth 2.0 service accounts and is limited to 20 requests every 5 seconds per company. The free Launch plan covers up to 50 stakeholders. Essentials starts at €3k/year, Scale and Advanced at €5k/year, and Enterprise at €18k/year; Public has custom pricing.
Tabulate
Tabulate is a web-based ownership and equity management product from Incentiv, founded in 2022 in Bangalore. It keeps shares, options, warrants, SAFEs, convertible notes, and other share classes in one ownership record. Recording an issuance, transfer, exercise, or conversion updates the cap table in real time and adds an audit-trail entry. Founders and finance teams can model proposed funding rounds and see potential dilution among founders, investors, and the ESOP pool. ESOP workflows cover bulk digital grant letters, e-signatures, vesting tracking, employee self-service, exercise and exit management, and expense reports. Grantees can view grant details, vesting progress, and value through an employee portal. Tabulate generates board-pack reports, investor updates, due-diligence documents, and Companies Act-aligned paperwork such as SH-6. Share records are described as aligned with NSDL/CDSL dematerialisation requirements. It integrates with Incentiv Transact for liquidity workflows. Pricing is on request, with a 30-day trial.