# Formidium

> Formidium combines outsourced fund administration with proprietary software for alternative investment managers. Seamless handles accounting and NAV workflows, CommonSubDoc manages investor onboarding and reporting, and Arya adds AI-assisted interpretation and workflow coordination. In October 2026 the company reported more than 700 clients, 2,250 funds and $34 billion in assets under administration.

- **Founded:** 2016
- **Headquarters:** Downers Grove, United States
- **Founders:** Nilesh Sudrania (Founder; identified as Founder and Partner in September 2026 announcement), Shalin Madan (Co-founder; previously identified as Chief Growth Officer)
- **Products:** Fund administration, Seamless, CommonSubDoc, Arya, Tax services
- **Notable:** Reported $34B+ assets under administration and 2,250 funds in October 2026., Fund Administrator of the Year: Technology, Hedgeweek Global Digital Assets Awards 2026, according to company announcement., Fund Accounting & Reporting Solution of the Year, Hedgeweek US Awards 2026, according to October 14 company announcement.

## Products & services

- **Fund administration** — Fund accounting, NAV calculations, investor services, financial statements, audit support and treasury operations.
- **Seamless** — Proprietary cloud fund accounting platform with multi-currency ledger, reconciliations, allocations, capital calls and reporting.
- **CommonSubDoc** — Digital subscription documents, e-signatures, AML/KYC checks, investor portal and customized reporting.
- **Arya** — AI-native fund administration platform announced September 23, 2026; interprets incoming information and coordinates governed workflows.
- **Tax services** — Fund and investor tax preparation, filings and reporting, including partnership tax workflows.
- **Compliance and corporate services** — Regulatory and entity support alongside administration; scope depends on jurisdiction and engagement.
- **Alts Marketplace** — Alternative-investment discovery, networking and marketing platform.
- **Seamless Alts** — SPV formation, onboarding, accounting, tax and distributions platform.
- **Plexponent** — Fund and asset tokenization platform with permissioned transfers and investor records; features described by Formidium.
- **Boardlogic** — Board management software added through acquisition of Praxonomy assets during 2025.

## Achievements

- Reported $34B+ assets under administration and 2,250 funds in October 2026.
- Fund Administrator of the Year: Technology, Hedgeweek Global Digital Assets Awards 2026, according to company announcement.
- Fund Accounting & Reporting Solution of the Year, Hedgeweek US Awards 2026, according to October 14 company announcement.
- Company-reported tax case: 95% of an unnamed 90-plus-fund manager’s K-1s ready by February 15 for tax year 2025, its third year using a connected accounting and tax model.

## Latest updates

- **2026-10** — Announced Hedgeweek US award for fund accounting and reporting on October 14; Nitin Somani identified as Partner & CEO.
- **2026-10** — Published a detailed K-1 delivery case study on October 6.
- **2026-09** — Announced Arya and plans to demonstrate it at TechCrunch Disrupt.
- **2026-06** — Announced European leadership expansion led by Managing Director Achim Denkel.
- **2026-02** — gunnercooke announced advisory work on planned European fund-management acquisitions.

## Links

- Website: https://www.formidium.com/
- LinkedIn: https://www.linkedin.com/company/formidiumcorp/
- Twitter/X: https://twitter.com/Formidium
- YouTube: https://www.youtube.com/c/Formidiumcorp
- Facebook: https://facebook.com/formidium/

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Profile page: https://yespress.io/formidium
Published by YesPress — https://yespress.io
Last updated: 2026-10-19