Pulley vs Ledgy: Which is Better in 2026?
Choosing between Pulley and Ledgy comes down to understanding what each tool does best. This comparison breaks down the key differences so you can make an informed decision based on your specific needs, not marketing claims.
Short on time? Here's the quick answer
We've tested both tools. Here's who should pick what:
Pulley
Equity management for startups
Best for you if:
- • You want to try before committing
- • You need finance features specifically
- • Pulley is a cap table and equity management platform for startups
- • It manages stock options, 409A valuations, and equity transactions
Ledgy
Unified platform for equity and executive compensation management.
Best for you if:
- • You need hris features specifically
- • Unifies all non-cash compensation (equity, deferred comp, carried interest, pensions) in one platform.
- • Automates share plan administration, trading, compliance, and financial reporting.
| At a Glance |  Pulley |  Ledgy |
|---|---|---|
Starts at | FreeFree tier available | Custom |
Best For | Finance | HRIS |
Rating | 4.7/5 | 4.8/5 |
Free plan | Yes | No |
Choose Pulley or Ledgy?
Choose Pulley if
Equity management for startups
- Modern cap table management
- More affordable than Carta
- Good UX
- You want a free tier before you commit
- Your work is finance-shaped, not hris-shaped
Choose Ledgy if
Unified platform for equity and executive compensation management.
- Single source of truth for all non-cash compensation, reducing reconciliation effort.
- Highly automated workflows save significant administrative time.
- Employee-friendly dashboard improves transparency and engagement.
- Your work is hris-shaped, not finance-shaped
| Feature | Pulley | Ledgy |
|---|---|---|
| Pricing Model | Freemium | Paid |
| User Rating | ★4.7/5 146 reviews | ★4.8/5 105 reviews |
| Categories | FinanceEntity Management | HRISPerformance Management |
In-Depth Analysis
Pulley
Equity management for startups
Strengths
- +Modern cap table management
- +More affordable than Carta
- +Good UX
- +409A valuations
- +Transparent pricing
Weaknesses
- -Smaller than Carta
- -Less features
- -Newer platform
- -Limited integrations
- -US focused
Key features
Value 75/100. Pulley's Starter tier at $1200/year is fair for early-stage startups needing essential cap table management and 409A valuations.
Watch out: Growth tier price scales significantly with stakeholders.
Ledgy
Unified platform for equity and executive compensation management.
Strengths
- +Single source of truth for all non-cash compensation, reducing reconciliation effort.
- +Highly automated workflows save significant administrative time.
- +Employee-friendly dashboard improves transparency and engagement.
Weaknesses
- -Primarily focused on equity and executive compensation, may not cover other HR needs.
- -Pricing may be geared toward scaling companies, potentially less accessible for very early-stage startups.
Key features
Pricing: Pulley vs Ledgy
| Plan | Pulley | Ledgy |
|---|---|---|
| Tier 1 | $1200 Starter | N/A |
| Tier 2 | Custom Growth | N/A |
Pricing verified from each vendor's public pricing page. Compare in detail on Pulley pricing and Ledgy pricing.
Who Should Use What?
On a budget?
Pulley has a free tier. Ledgy is paid only.
Go with: Pulley
Want the highest-rated option?
Pulley: 4.7/5 (146 reviews). Ledgy: 4.8/5 (105 reviews).
Go with: Ledgy
Value user reviews?
Pulley: 146 reviews (4.7/5). Ledgy: 105 reviews (4.8/5).
Go with: Pulley
3 Questions to Help You Decide
What's your budget?
Pulley is freemium. Ledgy is paid. Pulley lets you start free.
What's your use case?
Pulley is a finance tool. Ledgy is in hris. Pick the category that matches your needs.
How important are ratings?
Ledgy is rated higher: 4.8/5 vs 4.7/5.
Key Takeaways
Pulley
- Larger review base (146 reviews)
- Free tier available
- Our pick for this comparison
Ledgy
- Higher user rating: 4.8/5 vs 4.7/5
- Better fit for hris
The Bottom Line
Pulley is our pick.
Frequently Asked Questions
Is Pulley or Ledgy better?
Pulley is rated in our evaluation. Pulley is freemium and Ledgy is paid.
What are Pulley and Ledgy used for?
Pulley: Equity management for startups. Ledgy: Unified platform for equity and executive compensation management..
What does Pulley cost vs Ledgy?
Pulley is freemium (free tier + paid plans). Ledgy is a paid tool. Visit their websites for detailed pricing.