What Xpecto does

Xpecto AG is a privately held German software company, founded in 2001 and headquartered in Landshut (Bavaria) with sales and support operations centered in Munich, that develops a modular software suite for managing real assets (Sachwerte) — including bonds, subordinated loans, ELTIFs, AIFs, and tokenized securities — for fund issuers, capital management companies (KVG), trust and asset managers, custodians (Haftungsdach/Verwahrstelle), and financial product distributors in the DACH region. The platform consists of three deployment surfaces — xpectoPro (Windows desktop), xpectoLive (web-based), and xpectoOnline (investor/distribution portals) — extended by specialized modules covering investor management (Anlegerverwaltung), distribution management, risk and participation management, regulatory reporting (BaFin, Bundesbank, BZSt, Finanzamt/Elster), DORA-compliant third-party management, and real-estate asset management including rent control and renovation project management. The product set is GoBD-certified for accounting and ISO 27001-certified for information security, with a qualified electronic signature (xpectoSign) and OutputPro for automated customer communication and document generation.

The company monetizes primarily through a subscription rental model (Mietbasis) that includes ongoing updates and unlimited-workstation usage, supplemented by training and certification revenue through the xpecto Akademie and by annual user-conference ticket revenue (e.g., xpecto connect). Go-to-market is sales-led direct to enterprise financial-services buyers, supported by four product-specific support hotlines and integration partners spanning CRM (CAS genesisWorld), accounting (DATEV, Lexware), banking protocols (HBCI/FinTS, EBICS), tax/regulatory authorities (Bundesbank ExtraNet, Elster, ECB rates), and identification (Deutsche Post). Named customers include CommerzReal, KGAL, Aquila Capital, Hannover Leasing, Hahn Gruppe, IMMAC, Deutsche Finance Group, HEP Solar, BVT, and Ökorenta, among more than 150 enterprise users. Leadership is a three-member Vorstand (Harald Elsperger, Armin Bart, Christian Schaupp); the company has no disclosed external funding, parent, or acquisition history, and is positioned as the self-described #1 software for real assets in the German-speaking market.

Name

Xpecto

Legal name

xpecto AG

Website

https://xpecto.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Real asset and fund management software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Financial Planning & Analysis (FP&A) & BI (HDAEAMAG)

akta.pro secondary industries

Enterprise Application Reporting, BI & Analytics Enablement (BPAEAGAK), Dashboarding & KPI/Performance Management (HDAEAMAF), iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

Keywords

• Real asset management software
• Investor administration software
• Regulatory reporting software
• Fund management solutions
• Alternative investment fund software

Headquarters

HQ city

Landshut

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing (Mietbasis/Rental Model): xpecto solutions are provided on a rental basis (Mietbasis) where the rental rate includes all ongoing updates. The software can be used on unlimited workstations and uses a central database.
2. Training and Academy Services: The company offers training programs (Schulungen) in spring and autumn, webinars, and individual training sessions. Pricing includes basic, advanced, and key-user training courses with volume discounts available.
3. Event Tickets: The company organizes annual user conferences (xpecto connect) with ticket pricing: both days 439.00 EUR net, first day with evening event 359.00 EUR net, second day 129.00 EUR net.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

xpecto AG develops and licenses a modular software suite for managing real assets (Sachwerte) such as bonds, subordinated loans, ELTIFs, AIFs, and tokenized securities. The suite spans investor administration, distribution partner and commission management, risk and participation management, automated regulatory reporting to BaFin/Bundesbank/BZSt/Elster, DORA third-party management, and real estate asset/portfolio management, delivered as xpectoPro (desktop), xpectoLive (web) and xpectoOnline (portal).

Product overview

Xpecto AG offers a modular software suite for managing real assets and financial products, serving over 150 companies since 2001. The portfolio consists of three core product platforms: xpectoPro (Windows desktop application), xpectoLive (web-based application), and xpectoOnline (portal application for digital investor and distribution partner communication). These platforms are extended by a suite of specialized modules organized into five solution areas: (1) Anlegerverwaltung und Vertriebsverwaltung — covering investor management, distribution management, and the OutputPro document generation module; (2) Risiko- und Beteiligungsmanagement — covering risk management and participation/company management; (3) Regulatorisches Meldewesen — covering reporting to BaFin, Bundesbank, BZSt (CRS/FATCA/DAC6/FSAK), Finanzamt (Elster), and an Information Register module for DORA compliance; (4) Drittparteienmanagement — covering third-party partner, contract, and ICT risk management; and (5) Assetmanagement — covering property portfolio management, rent control, project management, and asset reporting. The xpecto Akademie provides structured training and webinars for all solution areas.

Differentiator

Problem solved

Functional benefit

Brands

• xpectoLive: Web-based application for platform-independent access from any device, scalable and extensible with additional modules.
• xpectoPro
• xpectoOnline
• xpectoSign
• OutputPro

Products and services

• xpectoPro Windows desktop application for managing investors, distribution partners, funds, and regulatory reporting, supporting GoBD-certified bookkeeping, commission calculations, payment processing, and compliance with KAGB, MaRisk and other German financial regulations.
• xpectoLive Web-based application providing platform-independent access from any device for investor management, asset management, risk management and regulatory reporting; modular, scalable and extensible with other xpecto solutions.
• xpectoOnline Portal application serving as a digital communication and sales distribution channel for investors and distribution partners, with individual customization and seamless integration with xpectoPro and xpectoLive.
• Modul Anlegerverwaltung (Investor Management Module) GoBD-certified module for managing investors, fund units, participations and contracts, supporting capital account management, cost allocation, profit distribution, direct debit collections, and digital event handling including shareholder meetings.
• Modul Vertriebsverwaltung (Distribution Management Module)
• Modul Risikomanagement (Risk Management Module)
• Modul Beteiligungsmanagement (Participation Management Module)
• Modul Controlling (Controlling Module)
• Modul BaFin (BaFin Regulatory Reporting Module)
• Modul Bundesbank (Bundesbank Reporting Module)
• Modul BZSt (Federal Central Tax Office Reporting Module)
• Modul Finanzamt (Tax Office Reporting Module)
• Modul Drittparteien (Third-Party Management Module)
• Modul Informationsregister (DORA Information Register Module)
• Modul Assetmanagement (Asset Management Solution)
• Modul Asset-Reporting (Asset Reporting Module)
• Modul Miet-Controlling (Rent Control Module)
• Modul Projektmanagement (Project Management Module)
• Modul Anlegerportal (Investor Portal Module)
• Modul Vertriebspartnerportal (Distribution Partner Portal Module)
• Modul Onlinezeichnung (Online Subscription Module)
• OutputPro

Quantifiable outcome

• GoBD certification for accounting compliance
• +1 more outcomes

Named customers20 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability2 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Boerse Stuttgart Group Seturion GmbHcoreStrategic or Co-development PartnerGuest speaker at xpecto connect 2026 on the topic of tokenization. Boerse Stuttgart Group's Seturion platform is involved in tokenized securities initiatives relevant to xpecto's blockchain integration capabilities.
• ANDERS & GANZ GmbHminorStrategic or Co-development PartnerGuest speaker at xpecto connect 2026 on asset management topics. Industry peer providing expert insights on asset management practices.
• Asservandum Rechtsanwaltsgesellschaft mbHminorStrategic or Co-development PartnerLegal counsel partner providing expert presentation on AI Act compliance at xpecto connect 2025, addressing regulatory requirements for AI implementation in financial services.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Yardi Systems: Global vertical SaaS for real estate and investment management, covering property, fund, and investor accounting. Comparable because it targets institutional real-asset investors and fund operators with end-to-end portfolio and investor management — the same core use cases Xpecto addresses in DACH.
• Aareon AG: European leader in real-estate software serving property managers, housing companies, and investors. Comparable because its portfolio-management and asset-management modules address the same Sachwerte real-estate customers that Xpecto serves through its Asset Management suite.
• msg systems AG: German IT services and software provider specialized in the financial-services industry, including regulatory reporting, risk management, and core banking. Highly comparable as a domestic DACH vendor serving banks, KVGs, and asset managers with overlapping compliance and core-system offerings.
• MRI Software: Provider of real-estate and investment-management software including property, fund, and investor accounting modules. Comparable as a competitor to Xpecto's Asset Management and Investor Management modules for institutional real-estate investors.

Broad incumbents

• SimCorp A/S: Established investment-management software platform serving asset managers, insurance companies, and pension funds globally. Comparable as a broader incumbent in the investment-management software category where Xpecto competes specifically in the German Sachwerte sub-segment.
• FIS (Fidelity National Information Services): Large global financial-technology vendor offering capital markets, banking, and asset-management software including regulatory-reporting suites. Comparable as a broad incumbent whose regulatory-reporting and asset-management capabilities overlap with Xpecto's modules at a larger scale.
• SAP SE: Global ERP and financial-management software giant with real-estate management (SAP RE) and S/4HANA finance offerings relevant to fund issuers and asset managers. Comparable as a broad incumbent whose enterprise-scale finance and asset-management products could encroach on Xpecto's niche.

Others

• DATEV eG: German cooperative providing accounting, tax, and ERP software used by tax advisors and Mittelstand companies. Comparable as an ecosystem participant — DATEV integrates with Xpecto's accounting workflows rather than directly competing, anchoring Xpecto's positioning in German compliance.

Emerging players

• LucaNet AG: DACH-based software vendor for financial planning, consolidation, and regulatory reporting targeted at CFOs and financial controllers. Comparable as a fellow German vertical player whose Controlling/FP&A capabilities overlap with Xpecto's Controlling module for the same regulatory-driven buyer.
• Haufe Group: German provider of business software, tax/legal content, and corporate training solutions for tax advisors and enterprises. Comparable as an adjacent DACH vertical-software peer addressing German compliance and accounting workflows relevant to Xpecto's financial-services customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/xpectoAG
• LinkedInde.linkedin.com/company/xpectoag
• Instagraminstagram.com/xpectoag/?hl=de
• TikToktiktok.com/@xpectoag
• Xx.com/xpectoag

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Xpecto