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24Sessions.com B.V. – 24SESSIONS – 01112018

24sessions is the SAAS solution for online advice: Deliver personal advice in a digital way with our all-in-one solution for online advice.

 

For complex and personal problems like legal issues, your health or big financial decisions people will always need real human advice. But advice is broken. Professional services is the biggest industry in the world. However, it’s also the one industry that hasn’t evolved with the internet. Advice is slow, not transparant and offline. The old-fashioned process for advice leads to dissatisfied customers, bad conversion rates and lots of wasted time and money. A recent study shows that 90% of consumers demand a different way of receiving advice. They want a smooth online process with human advice when and where needed. 24/7.

 

24sessions enables organizations to help clients in a radically more efficient and friendly way. We offer professional service providers the all-in-one solution for online advice. With 24sessions people can instantly book your advisors, schedule a date directly in their agenda, get advice via live video-chat and reward the advisor with a review or even a payment. This all happens on your own website, in your own look & feel. 24sessions was developed over the last two years. Their SAAS solution launched in private Beta Oktober ’15 and is already used and loved by enterprises and startups worldwide.

Alumni of Startupbootcamp E-Commerce ‘15.

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” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

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Pieter ter Kuile

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Wouter Kneepkens

Investor

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Ronald Bazuin

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Eric van der Maten

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Eric van Gilst

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Donald Res

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Source: https://www.leapfunder.com/companies/60

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Private Equity

Venture Capital: Toast Valued At $8B In Secondary Share Offering By Employees

Toast, which makes software for restaurants, has rebounded from the pandemic like a phoenix. Consider this: In February, shortly before the pandemic, the start-up raised $ 400 million at a valuation of $ 4.9 billion. After the virus, in April, Toast faced up to the economic devastation and cut its workforce by 50% through layoffs and furloughs. It also was forced to cut executive pay, freeze hiring, and halt bonuses. However, the startup’s software for takeout orders enabled in-house dining restaurants to pivot to the alternative mode of service. Result: business is good again.

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Venture Capital: Toast Valued At $8B In Secondary Share Offering By Employees

https://platodata.net/wp-content/uploads/2020/11/venture-capital-toast-valued-at-8b-in-secondary-share-offering-by-employees.png

Vested shares held by employees sold at $75 each.

Toast, which makes software for restaurants, has rebounded from the pandemic like a phoenix. Consider this: In February, shortly before the pandemic, the start-up raised $ 400 million at a valuation of  $ 4.9 billion. After the virus, in April, Toast faced up to the economic devastation and cut its workforce by 50% through layoffs and furloughs. It also was forced to cut executive pay, freeze hiring, and halt bonuses. However, the startup’s software for takeout orders enabled in-house dining restaurants to pivot to the alternative mode of service. Result: business is good again. (CNBC)

Toast valued at $8 billion

In a nutshell, despite the ravages from the virus pandemic, Toast managed to hike its valuation from nearly $ 5 billion in February to $ 8 billion in November.

With business now booming, Toast did not forget its employees. It allowed them to encash some of their shareholdings by selling up to 25% of their vested shares for $ 75 each in a secondary sale.

People with knowledge of the matter told CNBC that the secondary offer was for 800,000 shares worth about $ 60 million.

“In order to support our employees and former employees as they navigate the impact of Covid-19, we did complete a secondary offering recently,” a company spokesman confirmed to CNBC, though he refused to reveal the identity of the buyer(s) or the valuation.

A sea change in Toast’s fortunes

According to CNBC, recent bids in the secondary market have valued Toast significantly above this $ 8 billion valuation.

The company also rehired many of the personnel it had laid off earlier.

Meanwhile, the market considers the start-up as a candidate for an IPO in 2021.

Related Story:  Restaurant Software Maker Toast Raises $400 Million

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Source: https://dailyalts.com/toast-valued-at-8b-in-secondary-share-offering-by-employees/

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Private Equity

AA indicates it would accept £218m PE takeover offer

Warburg Pincus and TowerBrook offer 35p per share

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UK roadside assistance firm AA could return to private equity ownership after saying it would be prepared to recommend a £218m takeover offer from London-based TowerBrook Capital Partners and New York-based Warburg Pincus.

The two private equity groups have offered to pay 35p a share and invest £380m in the company to reduce its current debt pile of £2.6bn – much of which was accumulated when the motoring group was previously under private equity ownership.

Until 2014, when it was floated with debts of £3bn, the AA was owned by private equity firms CVC and Permira.

Rick Haythornthwaite, a former chairman of Centrica, has been lined up to chair the AA following the acquisition.

The AA said in a statement: “The board, having considered carefully the viability of a range of alternative potential debt and equity refinancing options together with its financial advisers, has indicated to the consortium that it would be willing to recommend a cash offer on the terms of the proposal.

“Accordingly, the company is engaged in advanced discussions with the consortium in relation to the possible offer.”

To contact the author of this story with feedback or news, email PEN Editorial

Source: https://www.penews.com/articles/aa-indicates-it-would-accept-218m-pe-takeover-offer-20201124

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Digital Assets: Gazprombank Switzerland Flags Off Bitcoin Transactions

Gazprombank Switzerland, which is the wholly-owned Swiss arm of Russia’s Gazprombank (JSC), has debuted its bitcoin trading according to an announcement on November 19 by Avaloq, a provider of digital banking solutions.

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Digital Assets: Gazprombank Switzerland Flags Off Bitcoin Transactions

https://platodata.net/wp-content/uploads/2020/11/digital-assets-gazprombank-switzerland-flags-off-bitcoin-transactions.jpg

Gazprombank Switzerland announced that it successfully performed its first transactions in bitcoin.

Gazprombank Switzerland, which is the wholly-owned Swiss arm of Russia’s Gazprombank (JSC), has debuted its bitcoin trading according to an announcement on November 19 by Avaloq, a provider of digital banking solutions.

We wrote last month that the Swiss Financial Market Supervisory Authority had cleared Gazprombank Switzerland for offering crypto custody and trading services to its institutional and corporate clients.

Under that regulatory green signal, the bank kicked off its first transactions in bitcoin offered inside a solution that leverages its relationship with Avaloq, a leader in digital banking solutions, and METACO, a provider of security-critical infrastructure enabling financial institutions to enter the digital asset ecosystem. (Fintech Switzerland)

OpenVASP Association

The announcement also said that a bilateral agreement had been signed for the first time in Switzerland between a bank (Gazprombank) and Bitcoin Suisse (a virtual asset service provider, or VASP). The latter is a longtime partner of Gazprombank and one of the earliest Swiss players in crypto-financial services.

The bank also became a member of the OpenVasp Association which facilitates the transmission of transaction information between VASPs and other parties. It also helps VASPs comply with the anti-money laundering regulations issued by the Financial Action Task Force.

Transacting cryptocurrencies easily

“Digital assets will become increasingly important for our clients and the global economy,” said Roman Abdulin, CEO at Gazprombank. “Our solution allows us to make transactions with cryptocurrencies as easy as transactions with traditional assets.”

“The rollout of our crypto offering represents an important milestone in our journey to power the development of crypto and blockchain technology and provide investors, wealth managers, and financial institutions with more convenient, transparent, and simple solutions in order to accelerate their investment in crypto assets,” said Thomas Beck, Group Chief Technology Officer at Avaloq.

“This milestone highlights both the strength of our institutional operating system for digital assets, SILO, as well as the significant demand among financial institutions for trusted infrastructure partners,” said Adrien Treccani, CEO and Founder of METACO. “This rollout is another step towards our vision of bringing crypto asset management technology to financial institutions across the globe.”

Related Story:  Gazprombank (Switzerland) FINMA-Cleared For Crypto Bank Accounts

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Source: https://dailyalts.com/gazprombank-switzerland-flags-off-bitcoin-transactions/

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