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.
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
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).
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.
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.