Carta, the world’s leading software platform for private capital, has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).
This milestone represents a strategic leap forward in Carta’s global mission to make private markets more accessible, transparent, and equitable—especially across the Middle East and North Africa (MENA) region.
With this license, Carta is now equipped to support venture capital and private equity funds in MENA with its end-to-end fund administration software, as well as cap table and equity management tools tailored for startups and fund managers.
Strategic Regional Headquarters at Hub71
As part of its regional expansion, Carta has established a new regional headquarters at Hub71 WeWork in Abu Dhabi’s financial district, positioning itself at the heart of a rapidly growing tech and innovation ecosystem.
This office will serve as a strategic base to scale sales, strengthen partnerships, and deepen community engagement across the MENA region.
“The Middle East is the perfect place for Carta’s expansion,” said Bhavik Vashi, Managing Director of Carta APAC & MENA.
“ADGM’s regulatory environment is one of the most forward-thinking globally—exactly the kind of foundation needed to accelerate growth in private markets. That’s why we’ve made a significant commitment here.”
Collaborating with Regional Stakeholders
Over the past two years, Carta has engaged closely with major regional stakeholders, including ADGM, FSRA, the Abu Dhabi Investment Office (ADIO), and the Abu Dhabi Department of Economic Development (ADDED). These collaborations have highlighted strong demand for sophisticated fund management infrastructure, a need that Carta is uniquely positioned to address. Its offerings include:
- Quarterly and annual reporting
- Regulatory compliance and governance tools
- Audit and tax readiness features
- Cap table and equity management
- Fund lifecycle tools for venture capital and private equity firms
Official Endorsement from ADGM
“We congratulate Carta on receiving their FSP from ADGM,” said Arvind Ramamurthy, Chief of Market Development at ADGM.
“Their entry enriches our ecosystem and aligns with Abu Dhabi’s ambition to be a global financial powerhouse. We look forward to supporting their success in our forward-thinking community.”
Serving Leading Regional Funds and Startups
Carta is already working with several top venture capital firms and startups in the region, including:
- Global Ventures
- BECO Capital
- Cotu Ventures
- Outliers VC
- Dubai Future District Fund
- Unicorns: Foodics and Kitopi
With the FSP in place, Carta aims to deepen its regional partnerships, enhance operational efficiency for emerging funds, and build a more integrated private capital infrastructure across the MENA ecosystem.
