What Captin does

Captin B.V. is a Netherlands-based, AFM- and DNB-regulated investment firm founded in 1996 (originally within CenE bankiers, subsequently under Van Lanschot Kempen, and independent since 2017) that operates two interlocking businesses. First, it runs the Captin Trading Exchange (CPTX), the oldest multilateral trading facility (MTF) in the Netherlands, which makes illiquid instruments tradeable for open or closed investor groups, including cooperatives, family wealth vehicles, association members, and fund investors; the platform currently lists seven instruments such as Triodos Bank and HZPC certificates, ForFarmers feed equivalents, Bovemij certificates, WindShareFund I ClimateBonds, and MKB Fonds/Mixfonds securities. Second, Captin provides a modular employee participation platform (Medewerkersparticipatie) that helps Dutch enterprises with 100+ employees involve staff in ownership via share certificates, options, or similar instruments, supported by shareholder register management, a multi-language support and order desk, and execution of securities and money transactions.

The underlying technology is Captin's proprietary MTF platform (CPTX) with integrated register management and a multilingual participant support layer, all operated under an AFM investment firm license. Captin's revenue model combines recurring fees from setting up and managing employee participation schemes (subscription/recurring) with transaction fees for executing securities and money transactions on the MTF. Go-to-market is sales-led and direct-to-enterprise, with personalized platform configuration per client rather than standardized off-the-shelf pricing, and the customer base spans named Dutch enterprises such as NIBC, CSU, Heijmans, and Triodos Bank. The firm remains privately held with no disclosed external funding, no parent company since its 2017 spin-off, and a headcount in the 11-50 range, operating exclusively in the Netherlands with no public AI, M&A, or geographic expansion initiatives in the available data.

Name

Captin

Legal name

Captin B.V.

Website

https://captin.nl

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Captin is a Netherlands-based, AFM- and DNB-regulated investment firm operating the country's oldest multilateral trading facility (CPTX) and providing modular employee participation platforms for Dutch enterprises with 100+ employees, combining transaction fees with recurring platform and register management revenue.

Ownership category

akta.pro rank

Product category

Financial Trading Platforms & Employee Participation Services

NAICS

Securities and Commodity Exchanges (5232)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Equity Compensation & Global Share Plan Administration (BPACAHAI)

Keywords

• Employee participation services
• Multilateral trading facility
• Illiquid securities trading
• Shareholder register management
• Private investment exchange

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Trading Platform Services: Fees for operating the MTF platform, processing securities and money transactions for listed instruments
2. Employee Participation Platform Services: Setup and management of employee participation plans including register management and participant support

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Captin provides employee participation platforms for Dutch enterprises, enabling companies to grant employees ownership via share certificates, options or other instruments, with Captin handling register management, participant support and securities/money transactions. It also operates the Captin Trading Exchange (CPTX), the oldest Multilateral Trading Facility (MTF) in the Netherlands, which makes illiquid investments tradeable for cooperatives, family wealth, association members and fund investors. The offering is delivered as a one-stop-shop, modular concept with multi-language support.

Product overview

Captin offers a total concept for employee participation and operates a multilateral trading facility. The core offerings consist of: (1) Medewerkersparticipatie - an employee participation platform enabling companies to grant employees ownership stakes via share certificates, options, or other instruments; and (2) Handelsplatform (Captin Trading Exchange/CPTX) - an MTF making illiquid investments tradeable for various investor groups. Supporting services include register management, multi-language support, and securities/money transaction execution. Listings available include Triodos Bank certificates, HZPC certificates, ForFarmers feed equivalents, Bovemij certificates, WindShareFund I ClimateBonds, and MKB Fonds/Mixfonds instruments.

Differentiator

Problem solved

Functional benefit

Brands

• Captin Trading Exchange (CPTX): The official name of the Multilateral Trading Facility operated by Captin. It is the oldest MTF in the Netherlands.

Products and services

• Medewerkersparticipatie (Employee Participation Platform) Employee participation platform that enables Dutch companies (100+ employees, listed and non-listed) to involve employees in ownership through certificates of shares, options, or other instruments. Captin manages the register, supports participants, and executes securities and money transactions.
• Handelsplatform / Captin Trading Exchange (CPTX) Multilateral Trading Facility (MTF) operated under AFM and DNB supervision that makes illiquid investments tradeable for open or closed groups of investors, including cooperatives, family wealth vehicles, association members, and fund investors. Listed instruments include Triodos Bank certificates, HZPC certificates, ForFarmers feed equivalents, Bovemij certificates, WindShareFund I ClimateBonds, and MKB Fonds/Mixfonds instruments.

Quantifiable outcome

• ISAE 3402 Type 1 certification demonstrates rigorous internal controls

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered supporting and historical.

• Crowe PeaksupportingOthersIndependent auditor that performed the ISAE 3402 Type 1 certification assessment in September 2025, validating Captin's internal control design and implementation
• Van Lanschot KempenhistoricalOthersParent company that acquired CenE bankiers (where Captin was founded in 1996). Captin became independent from Van Lanschot Kempen in 2017

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Equiniti: Equiniti provides share registration, employee share plan administration, and regulatory trust services for UK and international issuers. Comparable to Captin's employee participation and register management products, though serves a significantly larger client base across more geographies.
• Morgan Stanley at Work (Shareworks): Morgan Stanley at Work combines Shareworks equity plan administration with Morgan Stanley's financial wellness offerings for corporate employees. Directly comparable to Captin's full-service employee participation solution (recordkeeping, mobile access, support), but bundled with a much larger US/international wealth infrastructure.
• Euronext: Euronext operates regulated equity, debt and ETF exchanges in Amsterdam, Brussels, Paris, Lisbon, Dublin, Milan and Oslo. Comparable at the trading-venue layer where Captin's CPTX competes as a Dutch MTF for non-listed instruments, but Euronext's focus is on listed securities across a wider European footprint.
• Computershare: Computershare is one of the largest global providers of share registration, equity plan administration and employee share plan services, publicly listed in Australia. Comparable to Captin in equity/share plan administration and register management for listed and non-listed issuers, but operates across a much broader portfolio and global footprint.
• TMF Group: TMF Group provides global corporate services including employee equity/share plan administration, fund administration, and corporate secretarial across 80+ jurisdictions. While headquartered in Amsterdam like Captin, TMF is a broad incumbent offering HR, treasury and equity admin as part of a much wider corporate-services portfolio.

Emerging players

• Carta: Carta is a leading cap-table, equity management and investor-services platform used by private companies, employees and investors globally. Overlaps with Captin's register management and employee participation functionality, but its business model leans toward cap-table SaaS rather than running a regulated trading facility.
• Capdesk: Capdesk is a European-focused equity management platform for private companies, offering cap-table management, employee equity plans and scenario modeling. Comparable in the employee-participation and equity-tracking technology layer that underlies participation programs similar to what Captin manages, though without its own MTF.
• Lumi (EBC Group / Lumi Technologies): Lumi provides employee share plan and cap-table management technology, including support for participation schemes and EMI/employee option plans. Comparable to Captin's technology-enabled participation platform for SMEs and listed companies, though typically serves clients through a tech-platform layer without operating its own MTF.

Regional players

• Addvision: Addvision is a Dutch firm specializing in share-based incentive plans, employee participation schemes and STI/LTI advisory for Dutch employers. Closest local Dutch peer to Captin's Medewerkersparticipatie offering on the scheme-design and administration side, though lacks an in-house trading facility like CPTX.

Direct peers

• GlobalShares (J.P. Morgan Workplace Solutions): GlobalShares, now part of J.P. Morgan's Workplace Solutions, provides equity compensation plan administration including share plan administration, recordkeeping, and reporting for employee participation plans globally. Directly comparable to Captin's Medewerkersparticipatie offering for enterprises needing share plan administration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInnl.linkedin.com/company/captin

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Captin