MH Ventures, a boutique full-service venture capital firm in the blockchain, cryptocurrency & web3 space, has announced its participation in a seed funding round for END-Labs, a blockchain development studio creating the next generation of decentralized lending and borrowing solutions.
The seed funding will allow END-Labs to expand its team and further develop its technology. This move marks a major milestone for the company and is part of its efforts to revolutionize the lending and borrowing markets.
Kamran, Co-Founder & Partner at MH Ventures, said, "At END-Labs, we facilitate connections between fiat-native borrowers and institutional DeFi capital, leading to more efficient capital utilization. As firm believers in the potential of Web3 as the next evolution of the internet, we anticipate that the credit industry will eventually adopt Web3 technology, resulting in greater global access to capital and lower costs of capital. To that end, we are building the necessary infrastructure to provide lending solutions for borrowers, lenders, and service providers."
Jason Jones, CEO & Co-Founder of END-Labs, stated, "END-Labs is designing API-based lending infrastructure that offers asset originators continous access to competitively priced capital. With the help and support of MH Ventures, our protocol will launch our first liquidity pool to help finance Gig Economy workers from around the world.”
END-Labs is building a new financial system based on blockchain technology. The team of leading engineers and product managers is dedicated to making lending and borrowing faster, easier, and more profitable. Their core products enable users to securely connect with one another and distribute funds through a decentralized network.
END-Labs is launching the MetaBOP, a Borrower Optimization Protocol and its first liquidity pool will be the Gig Pool, which will finance Gig Economy workers.
MH Ventures has teamed up with some of the most well-known names in the crypto and blockchain industries, including Lend, magpie, Web3PORT, Sonic Wallet, SmartToken Labs, Decaf, Tatsumeeko, WINCAST, etc.
They are passionate about investing in and supporting disruptive technologies and the people behind them. Their mission is to identify and invest in the best projects that have the potential to change the world for the better.
For more information, follow MH Ventures on Twitter and LinkedIn.
Established, in July 2021, END-Labs is developing solutions to optimize the collaboration between lenders, borrowers, and underwriters. Its protocols will continue to add additional participants in the borrow-lend transaction including servicers, collections firms, trustees, and administrators with the goal of finding the optimized equilibrium of risk and reward to achieve maximizing scalability while offering borrowers continous access to competitively priced capital.
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