Singapore-based equity management platform Qapita partners with Citi to accelerate development of its private market trading platform, Business News
- Citi makes strategic investment by joining Series A cycle led by East Ventures (Growth Fund) and Vulcan Capital announced weeks earlier
- This non-exclusive partnership with Citi will help the company accelerate its private equity platform
- The Company aims to enter into other similar partnerships with other institutions to accelerate the development of its platform by South East Asia and India
SINGAPORE, Dec 3 2021 / PRNewswire / – Singaporebased in Qapita, which earlier announced its Series A $ 15 million co-led by East Ventures (Growth Fund) and Vulcan Capital added that it has entered into a partnership with Citi. Citi has joined the Series A cycle, which will help the company accelerate its platform which includes the private enterprise market. Qapita plans to facilitate liquidity solutions via a digital marketplace allowing transactions for companies between investors and employees.
Qapita expects the value of private securities in this region to exceed 1.0 USD-1,500 billion (with 200 to 250 unicorns) over the next few years and that scalable digital solutions will be essential to the development of such an ecosystem. Qapita’s equity management software solves HR (ESOP), finance and fundraising issues for private companies, investors, shareholders and employees. Its marketplace will allow secondary transactions for these stakeholders. Qapita estimates that more than 150 billion dollars equity will need liquidity solutions.
This partnership will serve the growing private enterprise secondary liquidity market. Qapita has already built a CapTable and ESOP management platform and intends to launch a private enterprise marketplace to deliver a unified platform to its clients who:
- Record, manage and report all aspects of shareholding – ESOP and CapTables
- Enable the configuration and execution of personalized and user-friendly liquidity programs for issuers
- Build standardized and scalable rails for private market transactions
- Provide transparency, accessibility and efficiency to investors seeking exposure to this asset class
Announcing the same, Ravi Ravulaparthi, CEO and Co-Founder 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 should 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 further partnerships of this type with ecosystem players.. “
Deepak mehra, Citi Chef Asia strategic FinTech investments and digital solutions, added“This partnership underscores our focus on innovating market structure in the region’s rapidly expanding private markets. Qapita has a clear vision and an impressive team, and we are excited 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 through South East Asia and India. “
Qapita Fintech Pte Ltd (Qapita) is a Singapore-seat (with offices in India) fintech and legal-tech start-ups. Qapita started out with digital equity management software for private companies, especially start-ups. Its software platform is designed to allow the management of capitalization tables, the management of employee share ownership plans (ESOP). Qapita is developing more software products to provide solutions for businesses as well as its investors, shareholders and employees. Qapita’s vision is to build a network of private market players and digitally enable private capital market transactions on its platform.
For more information on Qapita, click here: https://www.qapitacorp.com/
Citi, the world’s largest bank, has approximately 200 million accounts receivable and operates in more than 160 countries and jurisdictions. Citi provides consumers, businesses, governments and institutions with a wide range of financial products and services, including consumer banking and credit, business and investment banking, securities brokerage, wealth management and transaction services.
Additional information can be found at http://www.citigroup.com | Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog: http://blog.citigroup.com/ | Facebook: http://www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi