Best Perfona Alternatives in 2026
The top Perfona alternatives are Keel, Ashta.ai and Carta Fund Management: 15 fund administration software our editors would look at instead of Perfona, in our ranking order.
Perfona: A broad fund administration system with transparent starting prices and a 14-day trial. Where it falls short: no free plan is available.
Switching from Perfona? For most fund administration software buyers the best Perfona alternative is Keel, built for funds prioritizing a free starting plan. Fundwave offers the most investor limit (100 investors).
Why People Look for a Perfona Alternative
- No free plan is available
- Investor Technology starts at $1,500 per month
- The platform is tailored to alternative investment firms, not general accounting
- No free plan — 1 of the alternatives below has it
Quick Picks by What You Need
- Best overallKeel9.3
Funds prioritizing a free starting plan
Visit Keel - Lowest priceaama.io9.0
Paid plans from $625/mo
Visit aama.io - Best free optionKeel9.3
Has a free plan (Perfona has none)
Visit Keel - Most investor limitFundwave8.7
100 investors
Visit Fundwave
All 15 Perfona Alternatives, Ranked
Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.
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Best forFunds prioritizing a free starting plan
- Better than Perfona:
- Free plan
A broad fund administration platform with a free plan and paid tiers for scaling managers.
- NAV workflows
- Allocation waterfalls
- Investor portal
9.3/10★★★★★Visit Keel -
Best forFull-service fund administration teams
A broad fund-operations platform for teams managing complex investor and accounting workflows.
- NAV workflows
- Allocation waterfalls
- Investor portal
9.2/10★★★★★Visit Ashta.ai -
Best forEstablished funds needing administrator support
A fund administration suite combining accounting, investor workflows, analytics, and administrator support.
- Allocation waterfalls
- Investor portal
- Capital account tracking
9.1/10★★★★★Visit Carta -
Best forMobile-first fund managers and administrators
A mobile-first platform covering fund accounting, investor workflows, NAV, and SPV administration.
- NAV workflows
- Allocation waterfalls
- Investor portal
9.0/10★★★★☆Visit aama.io -
Best forComplex multi-level fund operations
A broad operating layer for complex fund structures, accounting, workflows and reporting.
- NAV workflows
- Allocation waterfalls
- Investor portal
8.9/10★★★★☆Visit Sciforn -
Best forFunds needing integrated accounting and NAV
An integrated platform for fund accounting, NAV, investor workflows and back-office administration.
- NAV workflows
- Allocation waterfalls
- Investor portal
8.8/10★★★★☆Visit Formidium -
Best forFunds with up to 100 investors
A broad fund-operations platform for teams managing up to 100 investors.
- NAV workflows
- Allocation waterfalls
- Investor portal
8.7/10★★★★☆Visit Fundwave -
Best forFunds needing broad accounting integrations
A broad private-equity administration platform with accounting integrations and sales-led pricing.
- NAV workflows
- Allocation waterfalls
- Investor portal
8.6/10★★★★☆Visit site -
Best forFunds needing reconciliation and liquidity analysis
Configurable fund-operations software for NAV, reconciliation, liquidity, and investor workflows.
- NAV workflows
- Allocation waterfalls
- Investor portal
8.5/10★★★★☆Visit fundflow -
Best forAustralian fund and trust structures
A broad web platform for Australian and New Zealand fund operations.
- Allocation waterfalls
- Investor portal
- Capital account tracking
8.4/10★★★★☆Visit Ventari -
Best forComplex multi-entity fund structures
Fund administration for complex structures, allocations, reporting, and investor workflows.
- Allocation waterfalls
- Investor portal
- Capital account tracking
8.3/10★★★★☆Visit Entrilia -
Best forFunds wanting configurable reporting
A configurable platform for fund accounting, investor workflows, reporting, and capital operations.
- Allocation waterfalls
- Investor portal
- Capital account tracking
8.2/10★★★★☆Visit Ark -
Best forFunds needing formation through administration
A broad fund administration platform with self-serve, assisted, and managed operating models.
- NAV workflows
- Allocation waterfalls
- Investor portal
8.1/10★★★★☆Visit Caproom -
Best forInternational investor operations
A broad administration platform for international private-fund investor operations.
- NAV workflows
- Investor portal
- Capital account tracking
8.0/10★★★★☆Visit Basis -
Best forSmaller multi-entity funds
A broad fund-operations platform for smaller multi-entity funds with up to 50 investors.
- NAV workflows
- Allocation waterfalls
- Investor portal
7.9/10★★★★☆Visit PoliBit
Perfona Alternatives: Common Questions
What is the best alternative to Perfona?
Keel: #2 in our Fund Administration Software ranking, with an editor score of 9.3 out of 10. A broad fund administration platform with a free plan and paid tiers for scaling managers.
Is there a free alternative to Perfona?
Yes. Keel has a free plan or a free tier.
What is the cheapest paid alternative to Perfona?
Of the alternatives here that publish a price, aama.io starts lowest, at $625/mo.
Why do people look for Perfona alternatives?
No free plan is available; Investor Technology starts at $1,500 per month; The platform is tailored to alternative investment firms, not general accounting.
Which Perfona alternative has the most investor limit?
Fundwave, with 100 investors.
How do I switch from Perfona?
Export your data from Perfona (most tools have an export in their settings). Sign up for the alternative; start on its free plan or trial if it has one. Import your export and set up the integrations your team relies on. Run both side by side for a short while, then cancel Perfona.
How to Switch from Perfona
- Export your data from Perfona (most tools have an export in their settings).
- Sign up for the alternative; start on its free plan or trial if it has one.
- Import your export and set up the integrations your team relies on.
- Run both side by side for a short while, then cancel Perfona.
Perfona vs Each Alternative
| # | Tool | Free plan | Paid from | Investor portal | Capital account tracking | NAV workflows | Allocation waterfalls | Capital call workflows | Score |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Perfona | No | $500/mo | Yes | Yes | Yes | Yes | Yes | 9.4 |
| 1 | Keel | Yes | $3,500/mo | Yes | Yes | Yes | Yes | Yes | 9.3 |
| 2 | Ashta.ai | No | Yes | Yes | Yes | Yes | Yes | 9.2 | |
| 3 | Carta Fund Management | No | Yes | Yes | Yes | Yes | 9.1 | ||
| 4 | aama.io | No | $625/mo | Yes | Yes | Yes | Yes | Yes | 9.0 |
| 5 | Selene | Yes | Yes | Yes | Yes | Yes | 8.9 | ||
| 6 | Formidium | Yes | Yes | Yes | Yes | Yes | 8.8 | ||
| 7 | Fundwave | $800/mo | Yes | Yes | Yes | Yes | Yes | 8.7 | |
| 8 | Relevant EquityWorks | No | Yes | Yes | Yes | Yes | Yes | 8.6 | |
| 9 | fundflow | Yes | Yes | Yes | Yes | Yes | 8.5 | ||
| 10 | Ventari | Yes | Yes | Yes | Yes | 8.4 | |||
| 11 | Entrilia | Yes | Yes | Yes | Yes | 8.3 | |||
| 12 | Ark | Yes | Yes | Yes | Yes | 8.2 | |||
| 13 | Caproom | No | Yes | Yes | Yes | Yes | Yes | 8.1 | |
| 14 | Basis | Yes | Yes | Yes | Yes | 8.0 | |||
| 15 | PoliBit | No | Yes | Yes | Yes | Yes | Yes | 7.9 |
Head-to-Head
- Perfona vs Keel
- Perfona vs Ashta.ai
- Perfona vs Carta Fund Management
- Perfona vs aama.io
- Perfona vs Selene
- Perfona vs Formidium
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Last updated · How we research and update