# Stavtar Solutions

> Stavtar Solutions builds financial software for complex businesses, especially hedge funds, private equity firms and family offices. Its flagship StavPay connects vendor and invoice management, configurable expense allocations, approvals, payments and accounting integrations; StavComp, StavOrg and StavMarket extend that system into compensation, legal entities and vendor discovery. The company reports 140+ asset-manager clients on its current website.

- **Founded:** 2017
- **Headquarters:** New York, United States
- **Founders:** Steven Petersen (Co-founder; former fund CFO), Avtar Batth (Co-founder; former CTO)
- **Products:** StavPay, StavComp, StavOrg, StavMarket
- **Notable:** Launched StavPay on January 1, 2019 with three funds., Linedata announced a StavPay-powered service in June 2021., Announced a $55 million Series A minority investment from Elephant in August 2025.

## Products & services

- **StavPay** — Business spend and expense-allocation SaaS spanning vendors, contracts, invoices, configurable multi-layer allocations, approvals, payments, accruals, budgets, chargebacks, legal invoices, procurement, time tracking and 1099 workflows; supported by implementation and business process operations teams.
- **StavComp** — Compensation planning, accruals, cash-flow forecasting, reconciliation and reporting for salaries, bonuses, deferrals, phantom equity, clawbacks and benefits, integrated with StavPay.
- **StavOrg** — Legal-entity records, ownership charts, authorized signatories, communications, filing alerts and banking visibility connected to StavPay.
- **StavMarket** — Vendor discovery and engagement marketplace embedded in StavPay, offering profiles, introductions, events and discount-code engagement measurement.

## Achievements

- Launched StavPay on January 1, 2019 with three funds.
- Linedata announced a StavPay-powered service in June 2021.
- Announced a $55 million Series A minority investment from Elephant in August 2025.
- Current homepage reports 140+ asset managers, $20 billion+ expenses processed, 700,000+ invoices, 5,000+ custom allocation methods and 40+ third-party integrations; company-reported cumulative figures with no period specified.

## Latest updates

- **2026-01** — Published Steven Petersen’s FinTech Focus TV interview on January 13; promoted Bryan McCooey to Head of Partnerships on January 20.
- **2026-02** — Appointed Michael Basen Head of StavMarket on February 18; announcement cited 130+ asset managers with $3.1 trillion AUM.
- **2026-04** — Published a StavPay overview and client interview video on April 30.
- **2026-10** — Website observation on October 3: homepage shows 140+ asset managers and $3.6 trillion client AUM; this is an observation date, not a dated company announcement.

## Links

- Website: https://stavtar.com/
- LinkedIn: https://www.linkedin.com/company/stavtar-solutions
- Facebook: https://facebook.com/stavtar-solutions-116608450134230

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Profile page: https://yespress.io/stavtar-solutions
Published by YesPress — https://yespress.io
Last updated: 2026-10-03