Best Fund Administration Software in 2026
Updated
In short: Keel is ranked #1 of 29 as of 3 October 2026, ahead of Perfona and aama.io. The best-ranked option with a free plan is Hemrock. The lowest first paid tier on this page is Infra One at $0.83/mo.
Fund administration software helps teams manage the workflows around investor capital and fund operations. Compare capital account tracking, capital calls, NAV workflows, and allocation waterfalls, along with investor portals and investor limits. Free-plan availability and paid starting prices offer additional cost reference points. Keel and Perfona lead the ranking, with aama.io, Fundwave, and VCF.co next among the first entries. Use the workflow criteria to identify which tools align with your fund’s capital activity and investor-facing needs, then consider how the listed limits and pricing fit your requirements.
29 fund administration software ranked on what their makers publish — plans and prices, free tiers, platforms and the facts on their own pages.
| # | Platform | Score | Why | From | Free plan | Paid from | Investor portal | |
|---|---|---|---|---|---|---|---|---|
| 1 | Keel | 8.8 | RecognisedAPIDocumented | £265/mo | Yes | 500 /mo | Yes | View |
| 2 | Perfona | 8.3 | RecognisedAPIDocumented | $1,000,500/mo | No | 500 /mo | Yes | View |
| 3 | aama.io | 8.1 | RecognisedAPIDocumented | $1,500/mo | No | 625 /mo | Yes | View |
| 4 | Fundwave | 7.9 | RecognisedAPIDocumented | $800/mo | — | 800 /mo | Yes | View |
| 5 |  VCF.co | 7.2 | RecognisedAPIDocumented | — | No | — | Yes | View |
| 6 |  Hemrock | 6.9 | RecognisedAPIDocumented | $250/mo | Yes | — | — | View |
| 7 |  Dynamo CRM & Deal Management | 6.5 | RecognisedAPIDocumented | — | — | — | — | View |
| 8 |  Ashta.ai | 6.4 | RecognisedAPIDocumented | — | No | — | Yes | View |
| 9 | Selene | 6.4 | RecognisedAPIDocumented | — | — | — | Yes | View |
| 10 | Carta Fund Management | 6.3 | RecognisedAPIDocumented | — | No | — | Yes | View |
| 11 | Formidium | 6.3 | RecognisedAPIDocumented | — | — | — | Yes | View |
| 12 |  Relevant EquityWorks | 6.0 | RecognisedAPIDocumented | — | No | — | Yes | View |
| 13 | fundflow | 6.0 | RecognisedAPIDocumented | — | — | — | Yes | View |
| 14 |  Ventari | 5.9 | RecognisedAPIDocumented | — | — | — | Yes | View |
| 15 | Ark | 5.9 | RecognisedAPIDocumented | — | — | — | Yes | View |
| 16 |  Entrilia | 5.8 | RecognisedAPIDocumented | — | — | — | Yes | View |
| 17 | Caproom | 5.7 | RecognisedAPIDocumented | — | No | — | Yes | View |
| 18 | Basis | 5.6 | RecognisedAPIDocumented | — | — | — | Yes | View |
| 19 |  PoliBit | 5.5 | RecognisedAPIDocumented | — | No | — | Yes | View |
| 20 |  Infra One | 5.5 | RecognisedAPIDocumented | $0.83/mo | No | — | Yes | View |
| 21 | bunch | 5.4 | RecognisedAPIDocumented | — | No | — | Yes | View |
| 22 |  Valence | 5.4 | RecognisedAPIDocumented | — | — | — | Yes | View |
| 23 | Beonflow | 5.3 | RecognisedAPIDocumented | — | No | — | Yes | View |
| 24 |  Goji | 5.2 | RecognisedAPIDocumented | — | — | — | Yes | View |
| 25 | AdminSphere | 5.1 | RecognisedAPIDocumented | — | — | — | — | View |
Is your platform on this list?
Numbered spots on this list can be sponsored. They are labelled, and the editorial order and scores never change for payment.
Questions about this list
Which fund administration software is ranked first on Inferse?
Keel is ranked #1 of 29 with a score of 8.8. Perfona is second and aama.io third.
How many of these have a free plan?
2 of the 25 on this page publish a free plan on their own pricing pages.
Which is the cheapest paid option?
On this page, Infra One has the lowest first paid tier we found: $0.83/mo.
How is this list ranked?
Ranked on what each maker publishes, open and connectable first: a public API, open-source code, the depth of its documentation and a free tier to try it on. Model lists are sorted by the figure in their title, exactly as each provider publishes it. Paid placements never change a rank.