PARTNERSHIPS

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.

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.

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 (“ACE”) is a leader in managed services in the Alternative Assets sector like venture capital, private equity, fund of funds, real estate, and more. Leveraging a proprietary tech platform and extensive industry experience, ACE offers 360 degree tailored solutions for fund administration, compliance and regulatory, tax and accounting, investor onboarding and ESG needs. The fintech was founded in Berlin in 2021 and has since established itself as one of the fastest growing alternative investment fund service providers in Europe. ACE is currently used by over 45 funds. In 2024, ACE received seven-figure funding from Bob Kneip to expand into new markets. ACE’s vision is to redefine fund management by demystifying complexities and promoting transparency.  

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.