The AI system of action for fund expense allocation.
The founders watched fund finance teams reconcile expenses in spreadsheets at every close, and they built Ceviche to fix that.
What does Ceviche do?
Reads every invoice
Ceviche reads each invoice and drafts the header and every line, from a PDF or a LEDES file. Your team corrects anything it reads wrong.
Splits it by your rules
When you run the rules your team approved, recurring spend splits at every month end or quarter end. Guardrails from your LPA check each split. If no rule matches an expense, the expense goes to your controller or CFO with a suggested split.
Posts the entries to your GL
Journal entries go to your general ledger, such as QuickBooks Online, NetSuite, or Sage Intacct. Each entry has the invoice, the math, and the approval attached.
How Ceviche differs from IntegriDATA EAS and StavPay
 Ceviche | IntegriDATA EAS | StavPay | |
|---|---|---|---|
| Focus | Fund expense allocation. One product. | Allocation plus AP, payments, and vendor management; one product line in IVP's portfolio since the September 2024 acquisition | Business-spend platform: payments, procurement, budgeting, 1099s, allocation |
| Platform | Modern software, built for how fund finance teams work today | In market since 2016, per its public materials | Part of Stavtar's broader platform, per its public materials |
| LPA policy digitization | Yes. Caps, exclusions, and entity eligibility enforced at allocation time | LPA-policy enforcement at allocation time not described in its public materials | LPA-policy enforcement at allocation time not described in its public materials |
| Who runs it | Your accounting team. Queries, reports, and simple rule changes are self-serve | Custom reports and queries require code, per its public materials | Software with a bundled invoice-processing operations team |
| Configuration changes | Simple changes self-serve, complex ones within 48 hours | Development cycles; integration work is scoped as development in its own onboarding guidance | Custom configurations scoped with their team, per teams we speak with |
| Implementation | 2 to 4 weeks for core go-live, with no separate implementation fee | 6 to 8 weeks for reference data alone, per its public materials | Services-led, scoped and billed per engagement |
| GL write-back | QuickBooks Online, NetSuite, Sage Intacct | SAP, Oracle, QuickBooks named publicly | GL integrations advertised; named systems not disclosed |
| Audit trail | Per-line trail from invoice receipt to GL entry, with dated snapshots of the methodology in force | Advertises a complete audit trail and Q&A hub | Not disclosed in public sources |
Competitor rows reflect their public materials and our customer conversations, as of September 2026.
Who Ceviche is for
- PE, VC, private credit, and real estate firms with $1 billion or more under management.
- SEC-registered investment advisers.
- CFOs, management company controllers, heads of finance operations, and chief compliance officers.
Three steps from first call to go-live.
- 01
First call
The first call takes 30 minutes. Matt looks at your structure and your hardest invoice with you. If Ceviche is the wrong fit, he says so on the call.
- 02
Sandbox
Your team uses the sandbox on your own data for 2 weeks, after an NDA and a data request. The sandbox ends with a review call, and there is no charge.
- 03
Onboarding
Core go-live takes 2 to 4 weeks. It covers your entities, your methodologies, your rules, and import and export. Our team does most of the setup, from the allocation file you use today. We scope new GL connections and historical data separately.
Key facts about Ceviche
- Company name
- Ceviche, Inc.
- Type
- Fund expense allocation software
- Founded
- 2023
- Founders
- Matt Cheung (CEO) and Amar Agasaveeran (CTO)
- Headquarters
- 169 Madison Ave, Suite 2511, New York, NY 10016
- Website
- ceviche.ai
- Core offering
- Reads invoices, splits them by approved rules and LPA guardrails, and sends journal entries to the general ledger
- Who it is for
- PE, VC, private credit, and real estate firms with $1 billion or more under management
- Pricing
- Fixed annual subscription, based on entity structure and allocation setup; not priced on AUM or users
- Onboarding
- 2 to 4 weeks for core go-live
- General ledgers
- NetSuite, QuickBooks Online, Sage Intacct
- Connected tools
- Ramp, Bill.com, Brex, Expensify, SAP Concur
- Security
- SOC 2 Type 2; customer data is never used to train AI models
- Compared with
- StavPay, IntegriDATA EAS, Sage Intacct allocations module, NetSuite REMS, TripsWare, HUB by OSTTRA
- Social
- linkedin.com/company/ceviche-ai
Frequently asked questions
Ceviche is fund expense allocation software for the management company finance team. It reads each invoice and splits it by the rules your team approves. Then it sends the journal entries to your general ledger, such as QuickBooks Online, NetSuite, or Sage Intacct.
Matt Cheung, a former software investor at TCV, and Amar Agasaveeran, a former systematic trader at Goldman Sachs, founded Ceviche in 2023.
No. AI reads each invoice and drafts its header fields and line items. Every split comes from a deterministic rule that your team configured and approved, or from an allocation that your controller or CFO made. Ceviche can suggest a split from your past allocations and custom fields, but it never decides one. Every number that posts traces back to a human approval. A rule runs the same way every time, so an auditor reviews the rule once, not hundreds of individual decisions.
Ceviche is a fixed annual subscription, based on your entity structure and allocation setup. The price does not depend on AUM or users, and a fund that you add during your subscription does not change it.
Yes. Ceviche has a SOC 2 Type 2 report, and your data is never used to train AI models.
Reimburse your manco monthly.
In 30 minutes, we will review your expense allocation process and show you how Ceviche can get your manco reimbursed faster.