Photo - Preticks
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Preticks

Get notified for the stock to rise. Simple. Instant.

Turkey
Market: Trade, Financial services, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 02.06.2020
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Idea

Preticks monitors thousands of online financial news in real time and automatically classify crawled news with NLP and ML. Classification results show predictions about possible positive and negative effects on stocks.

Current Status

Preticks mobile applications are released in AppStore and PlayStore. Early stage users are experiencing the product and we are collecting feedbacks.

More information: https://preticks.com

Market

Daily traders are our main customer segment.

Problem or Opportunity

Daily trading is getting simpler with zero-commission trading platforms but stock predictions are hard to get. Millions of online news about companies are published everyday and manual monitoring is not practical. Expertise is required to interpret correlation of company news with stock movement. Lack of using state-of-the-art technologies’ output among un-experienced daily traders.

Solution (product or service)

Simple stock price prediction output backed by complex tech. stack. Multi-step financial news interpretation and classification. Instant notifications, intra-day symbol (ticker) price updates. Ability to integrate with commission-free trading platforms. Ability to operate for any trade market (Currently works for Nasdaq & NYSE).

Competitors

https://www.benzinga.com/
https://seekingalpha.com/
https://www.refinitiv.com/
https://iknowfirst.com/

Advantages or differentiators

We are actively using state-of-the-art Natural Language Understanding and Deep Learning techniques to interpret financial news and reveal the effect on stock price for each published news. If the result is positive we simply notify users about a possible upcoming increase on that stock price.

Finance

We collect revenue from paid subscriptions in mobile application. We have 1 free package and 2 paid packages namely Starter and Premium. Starter is $0.99/mo and Premium is $9.99/mo. We expect $30K/mo revenue at the end of 2020.

Money will be spent on

Investment will mostly be spent on research and development. Some amount will be spent for advertisement to extend our user base.

Offer for investor

We are ready to offer between 4% - 7% share for the upcoming investors.

Team or Management

Incubation/Acceleration programs accomplishment

Currently participating in: https://loncagirisim.com/
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video