Softwr

Accounting & Finance · head to head

Carta vs Fyle

Carta logo

Carta

Accounting & Finance

Equity management & valuations

From
$29/month
Rated
-
Full reviewWebsite
Fyle logo

Fyle

Accounting & Finance

Real-time expense management that works with your cards

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Carta free plan eligibility as captured 19 January 2024 was capped at companies with fewer than 25 stakeholders and less than $1M raised in funding; Fyle billed per active user, defined as anyone who creates an expense or has a connected card with transactions in the month, so headcount does not predict the bill
  • They diverge on capability: Carta covers Cap table management, Fyle covers Real-time card tracking.

Where they differ

Only the attributes on which Carta and Fyle actually diverge.

Attributes where Carta and Fyle differ
AttributeCartaFyle
Founded20122016

Identical on both: starting price ($29/month), pricing model (subscription), free tier (No), platforms (Web, Ios, Android), user rating (Not yet rated), category (Accounting & Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Carta

  • Cap table management
  • 409A valuations
  • Equity plans
  • Investor reporting
  • Fund administration
  • Gusto
  • SOC 2
  • Bank-level encryption

Only in Fyle

  • Real-time card tracking
  • Automatic receipt matching
  • Expense policies
  • Approval workflows
  • Mileage tracking
  • Xero
  • Sage Intacct
  • NetSuite

Both cover

  • QuickBooks
  • Slack
  • Web support
  • Ios support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Carta

  • Equity managementnot Fyle
  • 409A valuationsnot Fyle
  • Fund administrationnot Fyle

Fyle

  • Expense reporting and corporate card reconciliationnot Carta
  • Enforcing spend policy and approvals before reimbursementnot Carta

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Carta

  • Free plan eligibility as captured 19 January 2024 was capped at companies with fewer than 25 stakeholders and less than $1M raised in funding

Fyle

  • Billed per active user, defined as anyone who creates an expense or has a connected card with transactions in the month, so headcount does not predict the bill
  • The Growth plan carries a 5 user minimum and the Business plan a 10 user minimum, so the entry cost is set by the floor rather than the team
  • API access and the Sage Intacct and NetSuite integrations require a paid tier
  • ACH reimbursements and project expense tracking sit above the entry plan
  • Both published plans are billed annually
  • Enterprise pricing is custom and aimed at organisations with 250 or more employees

Pricing, plan by plan

Carta

$29/month
  • LaunchFree
    • Cap table
    • Stakeholder management
  • Seed$360/year
    • 409A valuations
    • Option exercising
    • Scenarios

Fyle

$29/month
  • Standard$8/month
    • Real-time card feeds
    • Receipt matching
    • Basic approvals
  • Business$12/month
    • Advanced policies
    • Custom workflows
    • Analytics
  • Enterprise$undefined/month
    • Unlimited users
    • API access
    • Priority support

Which should you pick?

Choose Carta if

  • You need cap table management.
  • You work on Web, Ios, Android.
  • You also want 409a valuations.
Carta review

Choose Fyle if

  • You need real-time card tracking.
  • You work on Web, Ios, Android.
  • You also want automatic receipt matching.
Fyle review

Questions people ask

Is Carta or Fyle better?
Neither clearly leads. Carta starts at $29/month and Fyle at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Carta or Fyle?
Carta starts at $29/month and Fyle at $29/month.
Does Carta or Fyle run on more platforms?
Both run on Web, Ios, Android, so platform support will not decide this one for you.
What is Carta best used for?
Carta is most often used for equity management, 409a valuations, fund administration. Of those, equity management and 409a valuations are not what Fyle is typically brought in for.
What can Carta do that Fyle cannot?
Carta covers Cap table management, 409A valuations, Equity plans, Investor reporting. Fyle covers Real-time card tracking, Automatic receipt matching, Expense policies, Approval workflows. Both handle QuickBooks, Slack, Web support, Ios support.
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