# Eqvista vs Ledgy: which do AI models recommend for cap table management, October 2026

Finance AI Recommendation Index, October 2026 Edition, Cap table management. Zero of fourteen models named Eqvista first on the direct prompt; zero named Ledgy. Page: https://finance-ai-index.com/corporate/cap-table-management/eqvista-vs-ledgy/

| | First-choice share | Rank | Negative rate | Labels | Models naming it |
|---|---|---|---|---|---|
| Eqvista | 12% | #5 of 10 | 16% | 31 | 13 of 14 |
| Ledgy | 2% | #6 of 10 | 5% | 39 | 13 of 14 |

## The direct prompt, model by model

- GPT-5.4 mini: neither first, one named (first choices: Carta) (alternatives: Eqvista, Ledgy, Shareworks)
- Gemini 3.5 Flash: neither first, one named (first choices: Carta) (alternatives: Ledgy, Mantle, Qapita)
- Grok 4.1 Fast: neither first, one named (first choices: Carta) (alternatives: Ledgy, Pulley)
- Mistral Small: neither first, one named (first choices: Qapita) (alternatives: Ledgy, Pulley)
- Kimi K2: neither first, one named (first choices: Cake Equity, Pulley) (alternatives: Eqvista, Ledgy)
- Muse Glimmer 30B: neither first, one named (first choices: Carta) (alternatives: Cake Equity, Ledgy, Qapita)
- Claude Haiku 4.5: neither named (first choices: Qapita) (alternatives: Cake Equity, Carta, Pulley)
- Perplexity Sonar: neither named (first choices: Carta) (alternatives: Cake Equity, Pulley, Qapita)
- DeepSeek V4 Flash: neither named (first choices: Carta, Pulley) (alternatives: Shareworks)
- Llama 4 Maverick: neither named
- Qwen 3.7 Flash: neither named (first choices: Carta) (alternatives: Pulley, Qapita, Shareworks)
- GLM 4.7 FlashX: neither named (first choices: Carta) (alternatives: Fidelity Private Shares, Pulley, Qapita)
- MiniMax M2.5: neither named (first choices: Cake Equity, Qapita) (alternatives: Carta, Shareworks)
- GPT-6 Luna: neither named (first choices: Carta) (alternatives: Shareworks)

## What the models said about Eqvista

- "Eqvista: flagged with roughly 23–39% negative sentiment. Users frequently criticize its user interface" (Qwen 3.7 Flash, negative prompt, hard negative)
- "Eqvista appears in the "criticized" category with a high proportion of negative labels" (DeepSeek V4 Flash, negative prompt, hard negative)
- "Use Eqvista cautiously—it's fine for early-stage budget-conscious startups, but not for complex modeling needs." (GLM 4.7 FlashX, negative prompt, soft negative)
- "Eqvista – best for bootstrapped / very small cap tables ... Best for budget conscious and bootstrapped companies. Free to 20 shareholders" (Muse Glimmer 30B, budget prompt, first choice)
- "Eqvista offers the best combination of a fully functional free tier, transparent low-cost pricing" (DeepSeek V4 Flash, budget prompt, first choice)
- "Eqvista is probably the best starting point for most small companies" (GPT-5.4 mini, budget prompt, first choice)

## What the models said about Ledgy

- "Historic data setup can take effort and some users find complex funding round modeling less intuitive" (Claude Haiku 4.5, negative prompt, soft negative)
- "starts at €75/month, but is often a better fit for European/international companies" (GPT-5.4 mini, budget prompt, soft negative)
- "Shortlist 3–5: Demo Carta, Ledgy, and 1–2 others matching your location/equity needs." (Grok 4.1 Fast, scale prompt, first choice)
- "these international-first platforms offer superior localized tax and legal compliance automation compared to US-centric platforms" (Gemini 3.5 Flash, scale prompt, alternative)
- "they're flagged more than leaders like Ledgy or Fidelity Private Shares ... For growth, Ledgy (EU/international)" (Grok 4.1 Fast, negative prompt, alternative)

Share is the count of first choices across the direct, paraphrase, budget and scale prompts over all fourteen models, for a mid-market B2B company; rank is within the category. Comparisons are drawn for the top eight products in each category. Published under CC BY 4.0; the output is the models' output, and nothing here is a recommendation by the index.