Uniswap Labs Partnership Brings Institutional Access to DeFi

Hi NoRamp Community,

Daily News:

1) Algorand Forms Strategic Collaborations in India For Web3 Push

2) Uniswap Labs Partnership Brings Institutional Access to DeFi

3) CapitalOS Emerges From Stealth With $39m in Equity and Debt Financing

4) Mazepay Taps Ex-Mastercard Executive to Lead US Drive

5) Enfuce Raises $9.2 Million to Expand Embedded Financing in Europe

Algorand Forms Strategic Collaborations in India For Web3 Push:

• Algorand, a decentralized network, is partnering with NASSCOM, TiE Bangalore, and the Mann Deshi Foundation to strengthen India’s Web3 foundation and foster educational initiatives in the sector.

• The collaboration includes developing a blockchain-based credit scorecard and identity system for women entrepreneurs with the Mann Deshi Foundation and supporting Web3 skills through NASSCOM’s FutureSkills Prime hub.

• Algorand's entry into India with its "AlgoBharat" project in March included partnerships with SEWA, Jawaharlal Nehru Technological University, and the Indian School of Business for blockchain solutions and faculty development programs, with plans to engage more with regulators.

Uniswap Labs Partnership Brings Institutional Access to DeFi:

• Uniswap partners with Talos, an institutional investing technology firm, to offer decentralized finance (DeFi) liquidity to institutional traders, utilizing Uniswap's Trading APIs and supported by Fireblocks.

• This collaboration responds to growing institutional interest in crypto assets, especially in DeFi protocols like Uniswap, which offer deeper liquidity and higher yields compared to traditional financial markets.

• The partnership highlights the trend of institutions seeking exposure to DeFi, with Uniswap v3 showing significantly more liquidity in certain trading pairs than centralized exchanges, and facilitating over $4.5 billion in private credit globally through tokenized real-world assets.

CapitalOS Emerges From Stealth With $39m in Financing:

• San Francisco-based fintech CapitalOS has emerged from stealth with $9 million in equity funding and $30 million in debt financing, focused on providing spend management infrastructure for B2B platforms.

• The equity funding round was led by Group 11, featuring participation from Upper90, Vera Equity, Slow Ventures, and angel investors from various fintech companies.

• CapitalOS, founded by former employees of Microsoft, Stripe, Lyft, and Tipalti in 2022, offers a solution that simplifies expense management for small businesses, planning to scale its business and expand its software platform network, already available to businesses through platforms like Intuit QuickBooks and Workiz.

Mazepay Taps Ex-Mastercard Executive to Lead US Drive:

• Danish B2B fintech Mazepay has appointed former Mastercard executive Kevin Stanton to its board of directors, aiming to expand its partner network and market presence in the U.S.

• Mazepay, established in 2018 and based in Aarhus, offers a SaaS platform for medium and large enterprises to manage procurement and B2B spending, backed by a pan-European payments license and investors like Outward VC, Hambro Perks, and Scale Capital.

• With over two decades of experience in the payments industry, Stanton plans to use his expertise and network to accelerate Mazepay's growth and partnerships across North America and Europe, focusing on establishing new partnerships, particularly with commercial banks.

Enfuce Raises $9.2 Million to Expand Embedded Financing in Europe:

• Enfuce, a Finnish embedded financing company, has raised $9.3 million in a follow-on investment round led by Vitruvian Partners, with participation from Maki.vc and Visa, aiming to expand into key European markets.

• The funding will support Enfuce's growth in Germany, France, and the Benelux region, with Co-CEO Monika Liikamaa highlighting Visa's investment as a validation of their growth and commitment to deploying advanced payment solutions.

• This investment comes during a downturn in European startup funding, with a significant decline in late-stage investment rounds and reduced participation from U.S. investors. Enfuce also recently partnered with Funding Circle to launch a small business credit card in the U.K. for managing short-term cash flow needs.

NoRamp:

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