Qapita has acquired Punch Financial, a US-based fund administration provider, in a strategic move to expand its private market platform and strengthen its fund management services.
The deal follows Qapita’s recent US$26.5 million Series B funding round led by Charles Schwab.
The acquisition supports Qapita’s plan to build a full-stack platform for private market participants, covering startup incorporation, equity management, fund accounting, and liquidity solutions.
By combining AI-enabled technology with expert service delivery, the two companies aim to simplify fund operations for managers and investors through a unified digital platform.
The integration will enhance Qapita’s fund management offering by incorporating Punch Financial’s accounting and administration services into its technology suite.
The unified system will streamline processes across fund setup, capital calls, distribution calculations, reporting, compliance, and LP engagement, all within a single digital stack.
Punch Financial will continue to independently offer its Virtual CFO services for early and growth-stage startups.
Ravi Ravulaparthi, Co-founder and CEO of Qapita, said,
“We are excited to welcome the Punch team to the Qapita family. Their deep fund admin expertise perfectly complements our technology-led approach.
Together, we will empower fund managers and startups with a unified platform that simplifies ownership, fund operations, and financial management across the private markets ecosystem.”
Frank Mastronuzzi, Managing Partner & CFO of Punch Financial, said,
“Our vision at Punch has always been to simplify fund operations and offer a seamless investor experience for fund managers and LPs.
Qapita’s technology platform and global reach will enable us to scale our services while continuing to deliver the personalised, strategic guidance our clients depend on. Together, we’re creating something truly unique in the market.”
Qapita’s platform helps startups, investors, and listed firms manage ownership, fund operations, valuations, and equity compensation in one place.
Featured image: Edited by Fintech News Singapore, based on image by Freepik
