The short version
Ledgy is a mature European equity platform that now positions itself for private and public companies globally. Its public product covers cap-table management, equity-plan automation, employee engagement, compliance, financial reporting, and later-stage workflows. If multi-country equity administration and reporting at scale are central requirements, Ledgy deserves serious consideration.
Vquity is a different bet. It is a newer, all-in-one equity suite inside the Lisan platform: one flat plan with no per-stakeholder metering, a native Windows desktop app on the same data as the web app, region profiles for the GCC, Saudi Arabia, India, and Southeast Asia that European tools do not focus on, a data room with AI document extraction, and a Contract Studio with 23+ legal templates that autofill from your company records.
So the honest Vquity vs Ledgy question is not "which is better." It is "which company are you." A scale-up optimizing for global equity administration should look hard at Ledgy. A startup that values Vquity's configured regional workflows, diligence tooling, Lisan integrations, and Windows app should compare the details below.
Verification note. Ledgy statements were checked against its public product site and company pricing page on 18 July 2026. Public pages cannot prove every workflow or limitation, so confirm anything decisive directly with Ledgy.
Vquity vs Ledgy at a glance
| Capability | Vquity | Ledgy (public pages checked 18 July 2026) |
|---|---|---|
| Cap table: shareholders, share classes, transaction ledger | ✓ Yes | ✓ Yes |
| Multi-country employee tax and compliance reporting | Partial Region profiles plus rolling grant-activity tracking; not a per-country tax or exemption engine | ✓ Yes A core Ledgy strength for EU scale-ups |
| Point-in-time snapshots with field-level diff and PDF export | ✓ Yes Auto pre-close snapshot on every round | Partial History and reporting views; deep diff not a marketed feature |
| Atomic close-round wizard (SAFE conversion + pool top-up + snapshot in one step) | ✓ Yes | Partial Round and scenario modeling; a single-operation close is not marketed |
| Exit waterfall and scenario modeling | ✓ Yes What-if planning and modeling, not audit-grade output | ✓ Yes |
| Data room with AI extraction and a diligence readiness score | ✓ Yes ~120 document types, editable extracted fields, readiness score | Partial Document management; a diligence readiness score is not marketed |
| Built-in legal template studio with autofill | ✓ Yes Contract Studio: 23+ templates filled from company records | Partial Document automation exists; template breadth differs |
| Employee and investor portals | ✓ Yes Passwordless OTP sign-in, offline cache | ✓ Yes Employee dashboards are a Ledgy strength |
| Configured region profiles for GCC, Saudi Arabia, India, and SEA | ✓ Yes Instrument labels, currencies, valuation labels, and Indian numbering | Different approach Ledgy markets global compliance coverage; confirm required jurisdiction and workflow directly |
| Native desktop app | ✓ Yes Native Windows app on the same data as the web app; macOS planned | Not verified No desktop download was found on the reviewed public product and pricing pages |
| Native accounting and HR sync | ✓ Yes Vinance general ledger + PeopleX HR, same platform | Partial Third-party HRIS and payroll integrations |
| Spreadsheet import and export (XLSX/CSV) | ✓ Yes Plus JSON in/out, no lock-in | ✓ Yes |
| Pricing model | One flat all-inclusive plan, no per-stakeholder metering | Tiered plans that grow with stakeholders and company size |
Where Ledgy wins
Three concessions, stated plainly.
Scale-up and public-company depth. Ledgy publicly targets private and public companies and markets workflows that extend through IPO, trading, settlement, and executive compensation. Vquity is built for startup-stage cap tables today and does not pitch thousands-of-stakeholder or public-company scale. If those later-stage workflows matter, Ledgy is the safer fit.
Multi-country employee tax and compliance reporting. Getting employee equity reporting right across European jurisdictions is a hard, unglamorous problem, and Ledgy has invested in it for years. Vquity ships six configurable region profiles and a rolling grant-activity view. Useful, but it is not a per-country employee tax reporting engine. If done-for-you compliance reports for a distributed EU workforce are your buying requirement, that deal is Ledgy's.
Track record. Ledgy has a years-longer history with European founders, investors, and advisors. Vquity is new and does not claim otherwise: no customer counts, no borrowed logos. Judge it by opening the app and inspecting the product.
Where Vquity wins
Company-based pricing model. Ledgy's public pricing uses a free Launch plan capped at 50 stakeholders, followed by paid plans. Vquity states a company-based model with no per-stakeholder metering; contact both vendors for the current commercial terms that apply to your company. See Vquity pricing for the model.
A dedicated Windows app. Vquity ships a native Windows desktop app with deep links, running on the same data as the web app. We did not find a Ledgy desktop download on the public pages reviewed, but buyers should confirm directly rather than treating absence from a page as proof of absence from the product.
Explicit regional configuration. Vquity ships populated profiles for the UAE, Saudi Arabia, India, and Singapore/SEA, alongside the US and UK/EU. Those profiles configure instrument labels, currency and numbering, and valuation terminology. They are not a substitute for Ledgy's broader compliance offering or for local legal advice.
Diligence tooling built in. The Vquity data room covers ~120 document types across 8 sections, classifies uploads on arrival, extracts key fields with AI (every field editable, every override audited), and scores your diligence readiness on a 12-item checklist. Ledgy manages documents; it does not market this kind of diligence workflow.
Closing mechanics. Vquity's close-round wizard converts YC-style post-money SAFEs, tops up the option pool, and commits a pre-close snapshot in one atomic step, so the round either closes completely or not at all. And Contract Studio generates the paperwork around it from 23+ built-in legal templates, autofilled from your company records.
One platform, not one point tool. Stock-comp expense posts natively to the Vinance general ledger; PeopleX HR events flow into grants. Vquity is one suite in the Lisan platform rather than a standalone tool wired to third parties.
Pricing models: tiers vs one flat plan
As checked on 18 July 2026, Ledgy's public company pricing has a free Launch plan for up to 50 stakeholders, followed by paid Scale and Enterprise packaging. Features vary by plan. Check its current pricing page and request a quote before comparing total cost.
Vquity's model is deliberately boring: one all-inclusive plan, free to start, no per-stakeholder metering, no per-module upsells. Every capability on this page is in the plan. We do not publish competitor prices here and we will not guess at them. Compare the structures, then ask us for specifics on yours.
Moving from Ledgy to Vquity
Honest note first: Vquity does not have a dedicated Ledgy importer. Its standard XLSX/CSV wizard imports shareholder rows only; share classes, grants, rounds, SAFEs, and transaction history require separate migration and reconciliation. Compare fully diluted totals and every material instrument against your last Ledgy report before taking a baseline snapshot or switching anything off. Rehearse the workflow with the sample company first, then start free when you are ready to test your own export.
How to choose
- Choose Ledgy if you are an EU scale-up with a large, multi-country workforce and employee-equity compliance reporting is the requirement.
- Choose Vquity if you are building in the GCC, Saudi Arabia, India, or Southeast Asia. The region depth is not close.
- Choose Vquity if you want flat pricing, a desktop app, a diligence-ready data room, and document generation in the same tool.
- Comparing against US-centric tools instead? See Vquity vs Carta and Vquity vs Pulley.