Head-to-head · Fund Administration Software
aama.io vs Fundwave
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 | ||
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| Cons |
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| 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 → |
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
- aama.io9.0/10 · Paid
A mobile-first platform covering fund accounting, investor workflows, NAV, and SPV administration.
Visit aama.ioFull verdict → - Fundwave8.7/10 · Paid
A broad fund-operations platform for teams managing up to 100 investors.
Visit FundwaveFull verdict →
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All fund administration software comparisons → · Full ranking →
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Last updated · How we research and update





