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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 <a href=https://www.stanley-germany.de>stanley germany</a> 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 <a href=https://www.stanleycups.co.nz>stanley cup</a> 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 <a href=https://www.cup-stanley.fr>stanley cup</a> 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 Nwfc In India, Digital Payments Firms, Digital Lenders Grab VC Dollars
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A sample of Sitting Bulls hair has helped scientists confirm that a South Dakota man is the famed 19th century Native American leaders great-grandson using a new method to analyze family lineages with DNA fragments from long-dead people.Researchers said on Wednesday that DNA extracted from the hair, which had been sto <a href=https://www.stanley-cups-uk.uk>stanley cup</a> red at the Smithsonian Institution in Washington, confirmed the familial relati <a href=https://www.cups-stanley.us>stanley us</a> onship between Sitting Bull, who died in 1890, and Ernie LaPointe, 73, of Lead, South Dakota. I feel this DNA research is another way of identifying my lineal relationship to my great-grandfather, said LaPointe, who has three sisters. People have be <a href=https://www.cup-stanley.de>stanley thermobecher</a> en questioning our relationship to our ancestor as long as I can remember. These people are just a pain in the place you sit โ€“ and will probably doubt these findings, also. The study represented the first time that DNA from a long-dead person was used to demonstrate a familial relationship between a living individual and a historical figure โ€“ and offers the potential for doing so with others whose DNA can be extracted from remains such as hair, teeth or bones.The new method was developed by scientists led by Eske Willerslev, director of the Lundbeck Foundation GeoGenetics Centre at the University of Cambridge.The researchers took 14 years to discover a way of extracting useable DNA from the hair, which was degraded after being stored at room temperature before being handed over by the Smithsonian to LaPointe and his sisters in 2007.Willers Lcxh Bases police raise โ‚ฌ15,000 at Christodoula march
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