North Capital Investment Technology (NCIT)

What North Capital Investment Technology (NCIT) does

North Capital Investment Technology (NCIT) is a private financial technology firm headquartered in Midvale, Utah, that provides integrated infrastructure for the offering, transaction, settlement, and secondary trading of exempt private securities. The company operates through North Capital Inc., a Registered Investment Advisor and Commodities Trading Advisor, and North Capital Private Securities Corporation, a FINRA/SIPC-registered broker-dealer, and supports capital-raising workflows under Regulation D, Regulation A+, Regulation CF, and Regulation S. Target customers are broker-dealers, fund managers, online funding platforms, and private issuers needing compliant distribution and back-office infrastructure for exempt offerings, including retail-facing Reg A+ and 506(c) solicitations. North Capital Treasury Money Market Fund (NCGXX) and North Capital Token Services, LLC extend the platform into registered fund products and digital asset services.

The core technology stack is TransactCloud, a SaaS architecture combining TransactAPI (a standards-based RESTful API hosted on AWS with AES-256 encrypted webhooks, IP whitelisting, 2FA, and continuous threat detection), Opera IP (white-label investor portal), Opera IQ (investor verification micro-portal for accredited investor, qualified purchaser, and KYC/AML workflows), and PPEX, an SEC-registered Alternative Trading System for secondary trading of private securities. Native integrations with Plaid, Stripe, and DocuSign support ACH, credit card (Visa/Mastercard/Discover/Amex), wire, and check payments alongside electronic subscription documents. SOC 2 Type II and SOC 3 certifications cover security, availability, processing integrity, confidentiality, and privacy against AICPA Trust Services Criteria.

NCIT generates revenue from a mix of transaction-based and recurring streams. Transaction-based revenue includes broker-dealer commissions and underwriting fees, escrow fees across Reg D/A+/CF/S offerings, custody fees, investor verification fees, background checks, and credit card processing at $0.70 + 3.15% per transaction with a $5,000 single-transaction cap tied to MCC 6211. Recurring/subscription revenue comes from TransactAPI and TransactCloud licensing, advisory fees on NCGXX, and platform integrations. Pricing is quote-based with flexible flat-fee or percentage-based structures, reflecting enterprise sales rather than self-serve PLG. Distribution is hybrid: a sales-led enterprise motion anchored on 'Schedule a Demo' combined with an API-first developer motion capable of going live in 1-2 business days. Operating scale disclosed includes 3,520 deals facilitated, 2.6M transactions processed, $8.7B cumulative transaction volume, 625K secondary trades, 1,288 PPEX approved assets, 500,000+ private market transactions, 5,300+ deals reviewed, and 4,500+ background checks, with broker-dealer services registered in all 50 US states and 10 Series 24 Principals overseeing compliance.

Name

North Capital Investment Technology (NCIT)

Legal name

North Capital Inc.

Website

https://www.northcapital.com/

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

North Capital Investment Technology (NCIT) provides integrated platform technology, brokerage, escrow, custody, and SEC-registered ATS secondary trading for exempt private securities, serving broker-dealers, fund managers, funding platforms, and private issuers across all 50 US states.

Ownership category

akta.pro rank

Product category

Private Markets Technology Infrastructure

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Prime Brokerage & Institutional Trading Services (FSAPADAF)

Keywords

• Private securities technology
• Alternative trading system
• Broker-dealer services
• Escrow and custody
• Investor verification

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Platform Technology Services: Revenue from TransactAPI, Opera IP, and Opera IQ technology solutions licensing. Integration-based pricing with API call limits and developer key permissions.
2. Broker-Dealer Services: Statutory distribution and agency broker services for private funds, registered funds, REITs, and exempt securities. Revenue from commissions, trading spreads, and underwriting fees. Flexible cost structures including flat-fee and percentage-based pricing.
3. Escrow Services: Escrow facilitation for Reg D, Reg A+, Reg CF, and Reg S offerings. Transaction-based fees for holding and disbursing investor funds.
4. Custody Services: Custodial account management and investor distribution services via ACH and wire transfer.
5. Advisory Services: Fee-only planning and investment solutions from registered investment advisor, including North Capital Treasury Money Market Fund (NCGXX).
6. Investor Verification: Accredited investor verification and qualified purchaser verification services under broker-dealer safe harbor. Professional letter issuance for investors.
7. Background Checks: Comprehensive background checks to identify Bad Actors and support regulatory compliance for private securities offerings. 4,500+ background checks conducted.
8. Payment Processing: Credit card transaction fees at $0.70 + 3.15% per transaction. ACH processing with limits up to $100,000 per account within 60-day period.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

NCIT provides a software-and-services platform for private securities offerings, combining the TransactCloud SaaS stack (TransactAPI, Opera IP, Opera IQ, PPEX ATS) with registered broker-dealer services, escrow and custody for Reg D, Reg A+, Reg CF, and Reg S offerings, investor verification and background checks, and the NCGXX Treasury Money Market Fund. It enables broker-dealers, fund managers, funding platforms, and private issuers to originate, transact, clear, and trade exempt securities via API integration in one to two business days.

Product overview

North Capital Investment Technology (NCIT) offers a modular platform-plus-services architecture for private securities markets. The core technology stack includes TransactAPI (RESTful API for transaction processing), Opera IP (white-label portal), Opera IQ (investor verification), and PPEX (SEC-registered ATS for secondary trading), collectively marketed as TransactCloud. These are supported by integrated service offerings including escrow, custody, broker-dealer services, investor verification, background checks, and advisory services. The North Capital Treasury Money Market Fund (NCGXX) provides a registered fund option. The ecosystem processes over 3,520 deals, 2.6M transactions, $8.7B volume, and 625K secondary trades across 1,288 PPEX assets.

Differentiator

Problem solved

Functional benefit

Brands

• TransactAPI: Standards-based API toolkit for private market offerings, enabling broker-dealers, funding platforms, and issuers to conduct online private securities offerings in a compliant fashion.
• Opera IP
• Opera IQ
• PPEX
• TransactCloud
• NCGXX

Products and services

• TransactAPI RESTful API platform enabling broker-dealers, funding platforms, and issuers to conduct private securities offerings in a compliant fashion. Covers investor onboarding, KYC/AML, accreditation verification, payment processing, and trade management.
• Opera IP White-label portal solution for private securities platforms. Provides a complete investor-facing interface with customizable branding, investor onboarding flows, and transaction management.
• Opera IQ Investor verification micro-portal enabling accredited investor verification, qualified purchaser verification, KYC/AML processing, and document upload within the Opera platform.
• PPEX SEC-registered Alternative Trading System (ATS) for secondary trading of private securities. Provides access, liquidity, and transparency to private markets with 1,288+ approved assets. Trades reported to FINRA within 10 seconds of execution.
• TransactCloud Integrated SaaS platform combining TransactAPI, Opera IP, Opera IQ, PPEX ATS, Direct Invest Button (DIB), and Direct Accreditation Button (DAB) for comprehensive private securities offering, transaction processing, clearing, custody, and secondary trading.
• Broker-Dealer Services Technology-enabled broker-dealer registered in all 50 states supporting the full lifecycle of private securities offerings. Includes statutory distribution, agency brokerage, compliance oversight, and advertising review backed by 10 Series 24 Principals with 110+ years of combined experience.
• Escrow Services Escrow account services for Reg D, Reg A+, Reg CF, and Reg S offerings. Supports ACH, credit card, wire, and check payment processing with real-time visibility into account activity. Integrated with TransactAPI technology.
• Custody Services Custodial account services for private securities including account opening, management, and investor distribution capabilities. Supports ACH and wire transfer distributions.
• Investor Verification Accredited investor verification under broker-dealer safe harbor, qualified purchaser verification, and comprehensive background checks supporting regulatory compliance for private securities offerings.
• Background Checks Comprehensive background checks to identify Bad Actors and support regulatory compliance. Includes Social Security traces, nationwide arrest searches, federal/county criminal records, sex offender registry, civil litigation, bankruptcy, and international watchlist screening. 4,500+ background checks conducted.
• Advisory Services Registered investment advisor services providing fee-only planning and investment solutions, including the North Capital Treasury Money Market Fund (NCGXX).
• North Capital Treasury Money Market Fund (NCGXX) Treasury money market fund investing exclusively in U.S. government securities. Maintains $1.00 NAV with same-day liquidity. Performance ranks in top 1% of government money market funds over 1, 3, and 5 years. Eligible as a reserve asset for stablecoin issuers under the GENIUS Act.

Quantifiable outcome

• 3,520 deals facilitated, 2.6M transactions processed, $8.7B volume, 625K secondary trades
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature12 records

Scale indicators12 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Republic: Republic operates an investment platform facilitating Reg D, Reg A+, and Reg CF offerings with integrated broker-dealer services — overlapping directly with NCIT's exempt-offerings infrastructure.
• AngelList Venture: AngelList provides fund formation, rolling funds, and private securities offering infrastructure — comparable platform technology serving the same fund manager and issuer segments.
• Carta: Carta provides cap table management, private securities issuance, and secondary trading — directly comparable to NCIT's TransactCloud, TransactAPI, and PPEX offerings for private market participants.
• Juniper Square: Juniper Square offers investor management and fund administration software for private fund managers — directly competing with NCIT for the same fund manager customer segment.
• Securitize: Securitize provides tokenization infrastructure for securities with integrated compliance — comparable to NCIT's North Capital Token Services subsidiary for digital asset securities offerings.
• WealthForge: WealthForge provides broker-dealer and platform technology specifically for private placements and ATS operations — the closest business-model analog to NCIT's integrated broker-dealer plus PPEX ATS stack.
• tZERO: tZERO operates a regulated ATS for digital securities trading — directly comparable to PPEX ATS for the digital asset securities trading use case.

Broad incumbents

• Addepar: Addepar is a broader wealth management technology platform with private markets coverage — overlapping customer segments (fund managers, private issuers) but offering a wider portfolio of services beyond NCIT's focused exempt-offerings stack.
• iCapital: iCapital is a large alternative-investment platform with private market focus serving fund managers and high-net-worth investors — broader scale and customer base, with partial overlap on the fund manager segment NCIT serves.

Emerging players

• CAIS: CAIS is an alternative investment platform connecting fund managers with wealth advisors — partial overlap in serving the fund manager segment but focused on a different distribution channel than NCIT's broker-dealer and ATS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/norcap
• Facebookfacebook.com/northcapitalinc
• LinkedInlinkedin.com/company/1830415

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about North Capital Investment Technology (NCIT)