Best In Show: FinTech Investing Seminar

Nous’ CEO Justin Short presented at a FinTech Investing Seminar organised by Campden Wealth yesterday, and walked away with a Best In Show award!

CampdenFinTechInvestingSeminarAward

We saw lots of interest from the audience afterwards and will be following up today with a number of investment firms and individual investors.

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The Shape of Things to Come

It’s official – we’re going to build the world’s friendliest, safest trading app!

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Spark Profit’s regular users will know that we’ve been very interested to hear about how they use the app, and also about their interests and backgrounds. That’s because we are moving into the second phase of our plans and enabling real-money trading directly from within the app!

Before we could do that, there were a lot of things we needed to do. We’ve been unbelievably busy! The two most important ones were:

  • Make sure that we could guarantee you absolute safety and control of your own money, by getting a licence from a reputable regulator
  • Make sure that the product we will offer suits your needs and your circumstances

Working so hard on getting an operational licence, designing and building a completely new (and far better) way to trade, in addition to continuing running the best way to earn money while learning to trade, has been tough! Sometimes we haven’t been able to pay prizes or respond to your questions as quickly as we wanted, and we are really sorry about that. We are a small team and we try to keep support costs manageable (then we can pay more in prizes).

If you like Spark Profit, you’re going to love what we’re building now. We’ve kept the interface you’re used to: simple, visual, and with no jargon. But we’ve added a combination of features that no other trading application has, to bring you the safest and most rewarding way to trade on the planet, especially for small trade sizes. You’ll even be able to invest in any of our supported markets for just $0.10.

The only bad news is, you’ll have to wait until February next year. That’s how long it will take for our licence to get approved and the app released. If you’re interested in being one of the first to try the new app, please sign up here for early access.

Powers Of Two (Hundred Thousand!)

200000Two hundred thousand players

We hit a wonderful milestone last week, when our 200,000th customer signed up to Spark Profit. We’re really excited about that! Spark Profit only went live in 2014, so we know that our goal – to find and nurture the world’s top trading talent – is really captivating a lot of people. We have players from over 200 countries and have paid out $146,000 in prizes to people in over 70 countries. And yet no-one has ever paid a penny! More at sparkprofit.com/stats/.

Two hundred thousand is a lot – click on the rainbow bar to see for yourself. Each row has 127 people on it and each shaded band of 8 rows has 1,000. Don’t forget to zoom in!

Second app: coming soon!

When we recently asked our regular players if they wanted to trade we were blown away by the response: 95% of players said they wanted to trade their own money in Spark Profit’s uniquely visual interface. Rest assured, we’re working hard on that plan! We’re applying for the necessary licenses and have started raising a second round of funding from Sophisticated and High Net Worth Investors. They see the huge potential for our existing customers to capitalise on their skills, and they love the traction (Alexa rank, WAUs, etc.) that we already have.

2x supporter bonus, for 2 months

Spark Profit has an easy way for you to invite friends and family to join the fun and start earning – simply share your invite link. If someone joins and starts to earn we’ve always paid you a generous 10% bonus, but for July and August you’ll get double that – whatever your friends earn you’ll earn 20% extra alongside them!

Two ways to earn

There’s always been two ways to earn money in Spark Profit: play well or invite someone who plays well. It’s really beneficial to invite many people because you simply never know in advance who’s going to get it right – and added up they will all help you earn a lot more over time.  Why do we do this? Because it keeps our costs down and actually helps us pay more in prizes to you, our lovely players. (Although people love Spark Profit so much our ads only cost 10% of what other trading apps pay, so maybe we don’t need to worry too much! Something else the investors love.)

As always, helping you win.

Team Spark Profit.

Press Release: Nous launches crowd-sourced data feeds at FinovateEurope

Financial data company Nous will launch today its new real time ‘Spark Feed’ data feeds at FinovateEurope, a London trade show (11 & 12 February) that showcases cutting-edge financial and banking technology innovations.

Nous is launching four different Spark Feed data feeds aimed at banks, hedge funds and other financial institutions. The data feeds range from a historical raw data only feed, to feeds which provide access to Nous’s real time forex and stock indices data, and also a slice of all its historical predictions.

The purpose of Spark Feed is to help financial institutions understand – and even predict – market price changes at multiple time scales, including much shorter ones than are served by traditional analysts.

The data driving Spark Feed is harvested from Nous’ proprietary system for collecting real time opinion, called Spark Profit, which itself was released at the end of January 2014 after extensive field testing.

Unlike other crowd sourced financial data providers, the data from Spark Profit doesn’t rely on interpreting natural language responses but instead is measuring actual trading decisions. It is therefore more predictive than crowd-sourced feeds that mine natural language data on social media platforms.

Spark Profit, an app available for phones and desktops, already has 20,000 virtual traders. It is increasing by around 3,000 new users a month at the moment, although this will accelerate. The app’s main attractions are that it is free-to-use and provides regular income for skilled traders. Many of the most consistent performers live in India, the Philippines, Pakistan and Indonesia, and had little to no previous trading experience.

Justin Short, CEO of Nous, says:

“We designed Spark Profit to be so simple and intuitive that the whole world can use it. Our best users quickly worked out how to maximize their personal returns and invented their own trading strategies to achieve that. Their collective decisions are the source of valuable data for Spark Feed, which we are delighted to be launching today to an expert audience of banks, hedge funds and other financial institutions at FinovateEurope.”

Contacts

Justin Short
CEO Nous
+447455 980 612
[email protected]

Neil Boom
MD Gresham PR
07866 805 108
[email protected]

About Nous

Nous was founded in 2012 by Justin Short and four other former high flying Merrill Lynch traders and technologists, who saw an opportunity to empower people around the world to discover and hone unsuspected talents in trading currencies and other liquid instruments.

It launched Spark Profit, the virtual trading game, in January 2014.

About FinovateEurope

FinovateEurope is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in London, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate, and unique format. FinovateEurope is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com/europe2014