ACE Alternatives and Monite Launch Partnership to Transform Fund Management
ACE Alternatives
Consistently Pushing the Boundaries of How Alternative Asset Vehicles are Operated.
Berlin, Germany – June 19th, 2024 — ACE Alternatives (“ACE”), a Berlin-based fintech and leader in tech-driven managed services, announces a strategic partnership with Monite , a trailblazing fintech platform known for its innovative financial operations automation of financial workflows for B2B platforms. This collaboration tackles critical challenges faced by fund managers, including efficient invoice and payment processes, streamlined capital call management, and enhanced liquidity forecasting.
Matias Collan , CEO of ACE Alternatives, expressed his enthusiasm:
This partnership with Monite represents a pioneering step towards embedding greater efficiencies and transparency within the alternative asset sector. Monite's forward-thinking API-first technology is a key enabler in our quest to enhance fund administration and the management of capital transactions.
The partnership, with a product release launched in Q2-2024, is designed to revolutionize fund operations. Powered by Monite's AP/AR automation, ACE is poised to offer clients real-time transaction insights, streamlined audit trails, and improved operational workflows, which will significantly enhance the management of fund lifecycle events like capital calls.
This initiative addresses critical issues such as the excessive use of man-hours and the current lack of transparency in operations, which often lead to inefficiencies and errors in fund management. By automating these processes, the partnership aims to reduce operational bottlenecks and provide a clearer, more accountable view of fund activities.
This step will redefine fund operations and investor relations with unparalleled operational excellence. Fund managers will benefit from an enhanced operational framework that provides precise data management, improved reporting capabilities, and in-depth insights into fund performance. This integration supports strategic decision-making and facilitates efficient planning.
Ivan Maryasin , CEO and founder of Monite, emphasizes the partnership's impact:
Collaborating with ACE Alternatives showcases the strength and adaptability of our platform in the intricate realm of fund management. It's gratifying to see that Monite's API can cater to such diverse and specific vertical use cases. We are honored to serve as a technological backbone for such a crucial segment of ACE’s service offering, anticipating significant strides towards mutual success.
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The partnership marks a significant milestone for both ACE Alternatives and Monite, combining ACE's extensive domain expertise and bespoke technology platforms with Monite's innovative payment solutions. This collaboration aims to set a new standard in fund operations and investor relations management.
ACE Alternatives, a leader in managed services for the Alternative Assets sector, specializes in venture capital, private equity, fund of funds, private real estate, and more. Leveraging tech-driven processes and extensive industry experience, ACE offers tailored solutions for fund administration, compliance, and ESG needs.
Our vision is to redefine fund management standards with data-driven processes, combining advanced technology with deep industry knowledge. We are committed to demystifying complex fund operations, promoting transparency, and achieving sustained growth across the fund lifecycle.
Monite lets SMB platforms, such as neobanks, vertical SaaS platforms, and payment providers embed AR/invoicing, AP automation/bill pay into their interface in 3-5 weeks instead of building in-house spending 2+ years and $3M+ in building costs. Monite serves clients across the EU, UK, US, and other regions.?Monite?is backed by Valar Ventures, Third Prime, P72, founders of Klarna, Mollie, and Nium, and execs from Plaid and PayPal.
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