- Carta receives Financial Services Permission (FSP) from Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA)
- Opens new regional headquarters at Hub71 in Abu Dhabi to drive expansion
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Will provide VC/PE funds and startups across MENA with comprehensive fund operations and equity management tools
Carta, the world’s software platform for private capital, today announced it has received Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This milestone marks a significant step in Carta’s global mission to make private markets more accessible, transparent, and equitable—while unlocking a new growth phase in the Middle East and North Africa (MENA).
With this license, Carta is now poised to support the region’s venture capital and private equity ecosystem with its end-to-end fund administration software, alongside cap table and equity management solutions tailored for startups and fund managers.
Strategic Base at Hub71
As part of its expansion, Carta has established its regional office at Hub71 WeWork in Abu Dhabi’s financial district. This hub will serve as a strategic base to scale sales, partnerships, and 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.”
Collaboration with Key Regional Stakeholders
Over the past few years, Carta has been working closely with government regulators and is confident that its comprehensive suite of services—such as quarterly reporting, compliance services, and tax and audit readiness—will effectively address the needs of the local community.
Official Welcome 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 MENA’s Leading Funds and Startups
Carta already serves a growing list of prominent regional clients, including:
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Global Ventures
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BECO Capital
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Cotu Ventures
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Outliers VC
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Dubai Future District Fund
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Unicorns: Foodics and Kitopi
With the FSP in place, Carta aims to deepen partnerships, unlock operational efficiencies for emerging funds, and build a more connected private capital infrastructure across MENA.
العربية (Arabic) To read the article in Arabic, click here
