Selene vs Formidium

Selene8.9Visit Formidium8.8Visit

Higher score Selene #6 in Fund Administration Software 8.9/10 Pricing on request ✓ 5 of 5 features Visit Sciforn

vs

Formidium #7 in Fund Administration Software 8.8/10 Pricing on request ✓ 5 of 5 features Visit Formidium

• Selene fits best

  Complex multi-level fund operations

• Formidium fits best

  Funds needing integrated accounting and NAV

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Side by side

Feature	Selene 8.9/10 Visit ↗	Formidium 8.8/10 Visit ↗
At a glance
Editor score	8.9	8.8
Ranking	#6 in Fund Administration Software	#7 in Fund Administration Software
Best for	Complex multi-level fund operations	Funds needing integrated accounting and NAV
Pricing model	Paid	Paid
Starting price	Pricing on request	Pricing on request
Free plan	Not checked yet	Not checked yet
Free trial	—	—
Deployment	Cloud, Self-hosted	Cloud
Support	Email	Email, Phone
Compliance	SSO/SAML	SOC 2
Built for	Mid-market, Enterprise	Mid-market, Enterprise
Features Selene 5/5 · Formidium 5/5
Investor portal	✓	✓
Capital account tracking	✓	✓
NAV workflows	✓	✓
Allocation waterfalls	✓	✓
Capital call workflows	✓	✓
Specs
Investor limit	Not checked yet	Not checked yet
Our review
Pros	Unified ABOR, IBOR and shadow books across fund operations Multi-level NAV, waterfalls, calls and distributions in one platform Investor, GP and auditor portals with performance reporting	Combines fund and investor accounting with NAV and allocations Supports calls, distributions, waterfalls and investor onboarding Adds reconciliations, reporting, audit trails and a white-labeled portal
Cons	Pricing is handled through contact sales and a live demo The broad feature set may exceed simpler fund administration needs Founded in 2021, Selene has a relatively short operating history	Core pricing is contact-sales and engagement-based Presented as a service-plus-platform offering, not self-serve software Integration details are limited to web and API access
Our verdict	Selene is a fund operations platform from Sciforn for fund administrators, asset managers, insurers, private credit managers, general partners and family offices. It supports private equity, hedge funds, venture capital, private credit,… Read the review →	Formidium combines fund, portfolio and investor accounting with operational workflows for venture capital, private equity, hedge, digital asset, SPV, real estate and other alternative investment funds. Its scope covers automated NAV… Read the review →

Strengths and trade-offs

• Selene — where it wins

  • Unified ABOR, IBOR and shadow books across fund operations
  • Multi-level NAV, waterfalls, calls and distributions in one platform
  • Investor, GP and auditor portals with performance reporting

  Where it doesn't

  • Pricing is handled through contact sales and a live demo
  • The broad feature set may exceed simpler fund administration needs
  • Founded in 2021, Selene has a relatively short operating history

• Formidium — where it wins

  • Combines fund and investor accounting with NAV and allocations
  • Supports calls, distributions, waterfalls and investor onboarding
  • Adds reconciliations, reporting, audit trails and a white-labeled portal

  Where it doesn't

  • Core pricing is contact-sales and engagement-based
  • Presented as a service-plus-platform offering, not self-serve software
  • Integration details are limited to web and API access

• Selene8.9/10 · Pricing on request

  A broad operating layer for complex fund structures, accounting, workflows and reporting.

  Visit ScifornFull verdict →
• Formidium8.8/10 · Pricing on request

  An integrated platform for fund accounting, NAV, investor workflows and back-office administration.

  Visit FormidiumFull verdict →