Aiven chooses Ledgy to streamline equity management from scaleup to IPO and beyond

Aiven, the trusted data and AI platform company, has chosen Ledgy as its equity management software to support the company’s growth and commitment to employee ownership. As Aiven continues to scale globally, the switch provides the company with a self-serve, user-friendly platform offering the most advanced automation in the market – built to support high-growth businesses from scaleup to IPO and beyond.

A seamless, scalable solution for a fast-growing team

With a global workforce and a culture that champions employee ownership, Aiven needed a platform that would simplify complex equity processes without sacrificing flexibility.

“We wanted a platform that could grow with us, from being a private company to post-IPO,” said Kenneth Chen, COO and CFO at Aiven. “Ledgy stood out with its powerful automation, intuitive employee dashboard, and the ability to handle complex accounting requirements compliant with IFRS 2 – including in-app volatility calculations and performance vesting conditions. Ledgy ensures continuity with our previous expense calculations, eliminating any discrepancy risks that could be a worry when switching platforms.”

For Aiven, integrations were also key. Ledgy’s HiBob integration, including the ability to import and sync custom fields, ensures employee data is accurate and easy to keep updated. “The ability to sync custom fields from our HRIS provides a basis for further customisation throughout the platform, and we are especially excited about its potential applications.” says Kenneth. 

“With Ledgy, we are confident that our equity management is in safe hands and that our team will get a lot of value from the platform. Because we are able to tailor it specifically to our needs while automating a lot of our processes, we can rest assured about the continued accuracy of our data - which is absolutely key for a growing, pre-IPO company” added Chen. “The employee dashboard is also a game-changer.  It makes equity more tangible for the team, which is important to our CEO and Founder, who strongly believes in making every employee an owner of the company.”

Empowering companies from incorporation to post-IPO

Aiven’s choice to migrate to Ledgy reaffirms the benefits of using a platform that can evolve alongside a fast-scaling business – from equity distribution in the early stages to seamless share plan management as a public company.

“It’s exciting to support a company like Aiven, where equity is such a core part of the culture,” said Yoko Spirig, CEO and Co-founder of Ledgy. “Ledgy was built to empower every team globally with equity, through every stage of the company’s growth, and we are thrilled that an ambitious, innovative company like Aiven has chosen Ledgy as their partner to support them through their next important milestones."

About Aiven

Aiven is a global open source data platform company, helping organizations drive more value from their data. As a trusted foundation to power innovation, Aiven’s comprehensive data platform combines every tool necessary to stream, manage and analyze data simply, securely and rapidly, on any cloud. The expertise built into Aiven’s AI-powered platform is trusted by hundreds of thousands of start-up and enterprise customers globally to create next-gen applications with confidence. Aiven is fully committed to helping organizations drive innovation that delivers real business value while contributing to the global success of the open source community. Headquartered in Helsinki and with offices globally, Aiven is backed by private and institutional investors.