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

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

| | First-choice share | Rank | Negative rate | Labels | Models naming it |
|---|---|---|---|---|---|
| Qapita | 12% | #3 of 10 | 3% | 29 | 12 of 14 |
| Ledgy | 2% | #6 of 10 | 5% | 39 | 13 of 14 |

## The direct prompt, model by model

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

## What the models said about Qapita

- "recurring mentions of technical issues, limited customization, and complex reporting" (Claude Haiku 4.5, negative prompt, soft negative)
- "Qapita is a top recommendation due to its strong mid-market focus, ease of use, and comprehensive features" (Mistral Small, paraphrase prompt, first choice)
- "Qapita stands out as the best overall choice due to its scalability, automation, and global capabilities." (Mistral Small, direct prompt, first choice)
- "Qapita — Best Overall for Mid-Market ... Go with Qapita or Cake Equity" (MiniMax M2.5, direct 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.