ACE Alternatives partners with NECT to improve LP onboarding

Nect supports strengthening ACE’s investor onboarding and subscription
processes and provides ACE’s fund management customers a faster, more
efficient, and highly secured digital signing solution

Published date: 07 March 2023 | 3-Min Read

Berlin/Hamburg Germany – March 3, 2023 — Nect and ACE ALTERNATIVES (“ACE”), a Berlin-based fintech and next-generation tech-enabled fund administration service provider for Alternative Investment funds, have partnered to integrate Nect Sign with ACE’s proprietary digital investor onboarding and subscription process. Nect Sign enables Qualified Electronic Signatures (“QES”) for signatories to execute contracts and documents securely and digitally; enhancing the current process to become faster, easier, and compliant with high QES formal requirements.

The partnership prioritises tech security and efficiency. Nect Sign complies with the highest security levels for electronic signatures governed by the European eIDAS regulation, In addition, as a QES signature it requires identity verification before signing. The authenticity of the verification is thereby guaranteed through the patent-pending security feature „Put Your Face Here“. The feature requires the user to move the front of their ID card several times to a randomly assigned position on the screen. Thus, it is verified that the user is a living human being. Image-guided manipulations are thus almost impossible. With Nect Sign this highly secure process takes only minutes. Additionally, multiple signatures for a singular document can also be easily processed.

This unique combination of both partners’ technologies is a significant improvement that simplifies existing comparable subscription processes. ACE successfully piloted Nect Sign for the fund subscription process end of 2022 and will continue a broader roll out in Q1 and Q2 of 2023.

Benny Bennet Jürgens, founder and CEO of Nect GmbH comments:

We are very pleased that our partners at ACE are using Nect Sign now in a real life and critical business environment. ACE will accelerate its digital investor onboarding and subscription processes with the power of Nect Sign. This applies equally to any other digital signature processes that need to comply with a wet-ink signature equivalent, and to all companies who are looking for a user-friendly and efficient digital alternative to manual signatures. The potential for QES grade digital signature processes is enormous in the financial sector in particular. As a signing no longer has to take place on premise, more efficient processes are facilitated and companies and investors gain significantly on flexibility, especially when looking at onboarding foreign investors.

Matias Collan, Founder and CEO of ACE Alternatives said:

ACE has made technology leadership a core priority as the Alternative Investment industry undergoes a transformation like never before through the digital revolution. Our partnership with Nect is an important step for us to push the boundaries of how alternative asset vehicles and the related subscription processes should be serviced and enabled through cutting-edge tech; finding new ways to empower our customers to refocus their resources on management and value creation over tedious admin tasks.

About Nect

Nect GmbH was founded 2017 by Benny Bennet Jürgens and Carlo Ulbrich and is a leading provider of digital, AI-based identification solutions. All Nect solutions are made available in the company’s own app, the Nect Wallet. In addition to Nect Ident, which includes identification via automated video ident, eID, ePassport or a reuse function, the company offers Nect Sign, a solution for qualified electronic signatures (QES). The patented technology developed by Nect is used, among others, by R+V Versicherung, ADAC, BARMER and Telekom Deutschland.

Data security and data protection are central to all Nect solutions. This is ensured by the complete in-house development of the software components as well as the use of data centres in Germany with an extraordinarily high security level and the renunciation of cloud solutions.

About ACE Alternatives

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.