OverviewPE · VC · IB5 min

What is a finance simulator?

A finance simulator is an interactive tool for building and testing financial models — without a spreadsheet. You move an input, and the outputs recompute instantly, so you can feel how the mechanics work instead of memorizing them.

Traditionally you learn finance two ways: read about it, or grind through Excel templates. A simulator sits between the two. You're not reading a static explanation and you're not wiring up formulas from scratch — you're driving a working model and watching cause and effect in real time.

What you can simulate

TrackWhat you model
Private equityLBO model, debt paydown, fund waterfall, IRR & MOIC
Investment bankingDCF valuation, M&A accretion/dilution, WACC
Venture capitalCap tables, dilution across rounds, ownership & exit proceeds

Why it works for learning

FundSim is a free finance simulator. Three tracks — private equity, venture capital, investment banking — all interactive, all in your browser, no signup or Excel required.

Launch the finance simulator →

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