Exee Wells Fargo Divests Payroll Assets

Early-stage venture capital firm 8i Ventures said Monday June 13 that it had sold part of its seed stake in Banking as a Service BaaS FinTech M2P Fintech, earning more than 36 times its original investment price in the process, according to The Economic Times.8i Ventures has invested $1.8 million in M2P Fintech through its fund and investment partnerships with other entities, the fund reported. That includes about $250,000 during M2Ps $1 million seed round in 20 stanley germany 20, of which it has sold $101,000 worth of shares at an exit value of $3.7 million.Based in India, M2P Fintech provides application programming interface API infrastructure that helps busines stanley cup ses of any scale embed financial products. It raised $56 million in January in a fundraising round led by New York-based global private equity firm Insight Partners. It works with over 500 FinTechs, banks and other financial institutions FIs . Looking at the growth prospects of M2P Fintech, we did not want to sell the shares, Vikram Chachra, founding partner, 8i Ventures, told ET. However, we decided to give back the capital to our investors so they can roll it back in our second fund Fund II , which we will be closing this year. Most of our partners in Fund I are anchoring the Fund II. Related: M2P FinTech Raises $35M in Funding at $335M ValuationIn October, M2P FinTech generat stanley cup ed $35 million in Series C investments to push its valuation to $335 million.The startup, which began in November 2014, plans to use the fresh cap Pczj Investor Has Billion Dollar Eyes On Africa eCommerce

Snapchat is paving its path to going public with the launch of a new Snapchat stanley butelka API that enables advertisers to insert ads between Snap stories.The ad inserts will show up when a user auto advances to the end of a Snapchat story to view the next one in queue, TechCrunch reported. A quick swipe up on an ad of interest would lead the user out of the app to read a custom Snapchat-style article or to聽a webpage or the app store.聽The swipe-up rate for Snap Ads is聽5x higher聽than the average click-through rate on comparable platforms, Snapchat said.Snapchat revamped platform API will now give聽companies the ability to create big-budget ad campaigns聽that could even聽include creating geo-filters, which Snapchat says has a typical reach of 40 percent to 60 percent Snapchatters.The social networking platform聽recently partnered with Taco Bell to introduce custom Taco Bell lens, which essentially turned the user face into a hard-shell taco. The campaign reportedly saw 224 million views with an average use time of 20 seconds.Gatorade was yet sponsored campaign stanley quencher on Snapchat that received 165 million views with the average Snapchatter using it for 30 seconds.While still relatively聽minuscule in size, Snapchat 821 stanley kubek 7 platform is seeing higher brand-user interaction on its platform than other social commerce giants like Facebook, YouTube and Twitter.A聽MediaScience聽study corroborated higher user affinity for Snap ads. It found them to get 2 times more visual attention that Fac