Fintech startup ACE Consensus has raised £200k in seed funding, led by Jenson Seed EIS Fund.
ACE is a digital platform for gathering and evaluating analyst forecasts.
Crystal ball
ACE Consensus provides investors with analysts predictions of foreign markets.
It’s similar to one aspect of financial giant Bloomberg’s market analysis service, but with a crucial difference.
Expectations of both company performance and exchange rate are normally rolled into one, making it impossible to gauge analysts’ true predictions of either one.
ACE separates these two factors into a proper breakdown of the prediction.
Doing the splits
ACE launched in March 2013 but founder Alex Money has been working on the problem for the best part of a decade.
Splitting analyst expectations into a proper breakdown is crucial to be able to make meaningful decisions.
We want to solve this problem for retail investors right across Europe.
While their clients include FTSE100 companies, the platform has been bootstrapped to date, and is still at the minimal viable product (MVP) stage.
ACE was originally backed by Oxford University’s business school, and more recently by the Jenson Seed EIS Fund.
The company was a recent finalist in the 3DFintech Challenge Wrap competition run by Dassault Systemes, and held at Level 39. They also took part in Series 2 of the Elevator Pitch.