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Head-to-head · Fund Administration Software

aama.io vs Fundwave

  • Updated Oct 2026
  • Both researched from official sources
  • 7 checks side by side
Higher score aama.io #5 in Fund Administration Software 9.0/10 Paid ✓ 5 of 5 features Visit aama.io

aama.io leads on 1 check, Fundwave on 0, and 6 are even. Who comes out ahead on the 7 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreaama.io · 9.0/10
  • Lowest starting priceaama.io · $625/mo

aama.io scores higher on our rubric for fund administration software: 9.0 against 8.7 out of 10; our editors rank them #5 and #8.

aama.io is cheaper to start at $625/mo against $800/mo.

aama.io is the better fit for mobile-first fund managers and administrators. Fundwave is the better fit for funds with up to 100 investors.

  • aama.io fits best

    Mobile-first fund managers and administrators

  • Fundwave fits best

    Funds with up to 100 investors

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Side by side

Feature aama.io 9.0/10 Visit ↗ Fundwave 8.7/10 Visit ↗
At a glance
Editor score 9.0 8.7
Ranking #5 in Fund Administration Software #8 in Fund Administration Software
Best for Mobile-first fund managers and administrators Funds with up to 100 investors
Pricing model Paid Paid
Starting price $625/mo (best) $800/mo
Free plan — Not checked yet
Free trial — —
Deployment Cloud, Mobile Cloud, Desktop, Mobile
Platforms Web, iOS, Android Web, iOS, Android
Support Email, Docs · 24/7 Email, Phone, Tickets, Community, Docs · 24/7
Compliance 2FA SOC 2, GDPR, SSO/SAML, 2FA
Integrations 5 integrations 3 integrations
Built for Small business, Mid-market Small business, Mid-market, Enterprise
Features aama.io 5/5 · Fundwave 5/5
Investor portal ✓ ✓
Capital account tracking ✓ ✓
NAV workflows ✓ ✓
Allocation waterfalls ✓ ✓
Capital call workflows ✓ ✓
Specs
Investor limit Not checked yet 100 investors
Our review
Pros
  • Covers NAV, reconciliations, waterfalls, capital calls, and investor reporting
  • Web, API, iOS, and Android access supports distributed teams and investors
  • White-labeled portals and API access support administrator and SPV workflows
  • Covers calls, allocations, NAV, accounting, reporting, carry, and waterfalls
  • Investor portal includes secure document rooms and dashboards
  • Role-based access and four-eyes approval workflows support controlled operations
Cons
  • Fund manager pricing varies by fund type and AUM
  • The investor portal is optional for the accounting-only administrator plan
  • Advanced platform capabilities are tied to the Platform plan
  • Verified investor limit is 100
  • Starts at $800 per month
  • Premier support is an add-on to the Enterprise plan
Our verdict

aama.io is cloud software for fund managers, fund administrators, family offices, SPV leads, and private-capital teams. It brings together fund administration, double-entry accounting, investor communications, compliance workflows, and a…

Read the review →

Fundwave is a cloud fund-management platform for venture capital, private equity, corporate venture, family office, impact, and fund-of-funds teams. It brings core administration and investor-facing work into one system, including capital…

Read the review →
  1. aama.ioFund Administration Software 9.0Paid
  2. FundwaveFund Administration Software 8.7Paid

Strengths and trade-offs

  • aama.io — where it wins

    • Covers NAV, reconciliations, waterfalls, capital calls, and investor reporting
    • Web, API, iOS, and Android access supports distributed teams and investors
    • White-labeled portals and API access support administrator and SPV workflows

    Where it doesn't

    • Fund manager pricing varies by fund type and AUM
    • The investor portal is optional for the accounting-only administrator plan
    • Advanced platform capabilities are tied to the Platform plan
  • Fundwave — where it wins

    • Covers calls, allocations, NAV, accounting, reporting, carry, and waterfalls
    • Investor portal includes secure document rooms and dashboards
    • Role-based access and four-eyes approval workflows support controlled operations

    Where it doesn't

    • Verified investor limit is 100
    • Starts at $800 per month
    • Premier support is an add-on to the Enterprise plan

More comparisons

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update