Latest news with #ORO
Business Wire
21-05-2025
- Business
- Business Wire
ORO Labs Named Top Procurement Technology Provider at 2025 World Procurement Awards
SAN FRANCISCO--(BUSINESS WIRE)-- ORO Labs, the market's leading enterprise-grade intake management and procurement orchestration platform, has been named the winner of the Procurement Technology Provider Award at the 2025 World Procurement Awards. Hosted annually by Procurement Leaders, the awards celebrate the individuals, teams, and companies setting new benchmarks for innovation, performance, and impact across the global procurement function. ORO was selected for its AI-powered orchestration platform, which delivers intuitive user experiences and enables businesses to shorten cycle times, reduce risk through end-to-end process visibility, and stay agile with a platform specifically designed for procurement teams. 'Procurement touches every corner of business operations, yet it's often slowed down by manual, fragmented systems that make it hard to move at the speed organizations actually need,' said Sudhir Bhojwani, Co-Founder and CEO of ORO. 'We built ORO to cut through that friction — to give teams what they need, without frustration. This award is a meaningful validation that when procurement is connected, agile, and user-first, it becomes one of the most powerful drivers of business impact.' ORO's platform simplifies the source-to-pay process by connecting systems, people, and policies across the enterprise. Designed for scale, it helps teams automate compliance, streamline workflows, and adapt in real time to changing business needs, without losing control or visibility. In a year defined by rapid market and regulatory change, AI acceleration, and global supply chain disruption, ORO is helping leading enterprises move faster, stay compliant, and navigate change with confidence – a challenge Bayer, a global life sciences leader, is tackling head-on with ORO. 'ORO is a true AI innovation partner helping us work toward our vision of a zero-bureaucracy experience,' said Thomas Udesen, CPO at Bayer. The award follows a year of strong growth and recognition for ORO, including the acquisition of ProcureTech, leadership in Spend Matters' 2025 SolutionMap for Intake and Orchestration and in IDC's inaugural MarketScape, and several award wins from Supply & Demand Chain Executive. To learn more, visit About ORO Labs ORO Labs is a procurement orchestration company on a mission to humanize the procurement experience by coordinating teams, systems, and processes so employees get what they need without frustration. ORO's AI-powered no-code platform is purpose-built to deliver effortless user experiences that enable businesses to reduce cycle times, decrease risk through end-to-end process visibility, and increase agility in response to change. ORO is trusted by Fortune 500 companies and fast-growing global organizations to automate processes, improve cross-team collaboration, and scale procurement operations. To learn more, visit
CairoScene
19-03-2025
- Business
- CairoScene
ORO Labs Raises $1.5 Million Pre-Seed to Innovate Gold Trading
The Solana-based protocol aims to enhance gold liquidity, enabling users to earn yield and trade gold-backed assets. Mar 19, 2025 ORO Labs, a tokenised gold protocol built on Solana, has secured $1.5 million in a pre-seed funding round led by 468 Capital, with participation from angel investors involved in Phantom, Jupiter, and Helium. The startup seeks to transform gold into a liquid, income-generating asset, providing users with new ways to earn yield and trade gold-backed assets with instant settlements. 'Gold shouldn't just sit idle—it should generate wealth,' said Usman Saleem, Co-Founder & CEO of ORO. 'With ORO, gold isn't just something you hold; it's something you can earn with, borrow against, and use seamlessly across markets. This is gold, but better.' Beyond securing funding, ORO Labs signed a Memorandum of Understanding at Abu Dhabi Global Market (ADGM) last month, attended by HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and HE Dr Jörg Kukies, Germany's Minister of Finance. The agreement underscores the startup's plans to expand within the UAE, a global leader in gold trade, which facilitates over $100 billion in gold transactions annually.
Wamda
17-03-2025
- Business
- Wamda
ORO Labs secures $1.5 million pre-seed, backed by 468 Capital
UAE-based ORO Labs, a tokenised gold platform, has raised $1.5 million in a pre-seed funding round, led by 468 Capital, with participation from Fasset and angel investors. Founded in 2024 by Usman Saleem, ORO is a tokenised gold platform that enables users to seamlessly access, trade, and utilise gold-backed assets across financial markets. With this funding, ORO will expand its product offerings and deepen its integrations within both decentralised and traditional finance. Press release: ORO Labs, a tokenised gold protocol on Solana, has raised $1.5 million in a pre-seed funding round to transform gold into a liquid, composable, and income-generating asset. For centuries, gold has been the world's most trusted store of value—yet it has remained underutilised in financial markets. ORO is changing this by making gold more than just a passive investment—it's now a fully functional, yield-generating financial asset. The funding round was led by 468 Capital, with participation from Fasset and angel investors from leading Solana projects, including Phantom, Jupiter, Helium, Squads, Sanctum, Anza Labs, Perena, Bonk, and Forma, among others. 'Gold shouldn't just sit idle—it should generate wealth,' said Usman Saleem, Co-Founder & CEO of ORO. "With ORO, gold isn't just something you hold; it's something you can earn with, borrow against, and use seamlessly across markets. This is gold, but better." Traditional gold ownership locks up capital with no way to generate yield, borrow against holdings, or use it beyond static investment. ORO is changing that by making gold a dynamic, income-generating asset. Built on Solana's high-speed, low-cost infrastructure, ORO allows users to earn real yield on their gold holdings, borrow against their gold to unlock liquidity, and trade gold-backed assets with instant settlement. ORO's launch comes at a time of historic shifts in global finance. Central banks are accumulating gold at record levels, reinforcing its status as a neutral reserve asset amid de-dollarisation trends. Meanwhile, the rise of digitised, borderless financial assets is transforming global markets, as users seek alternatives beyond fiat-based systems. 'We see ORO as a crucial bridge between legacy commodities markets and the next generation of financial infrastructure,' said Guilherme Steinbruch, Partner at 468 Capital. 'By creating a gold-backed financial asset with real utility, ORO is unlocking new opportunities for both crypto users and traditional gold investors.' The UAE is a global leader in gold trade, facilitating over $100 billion in gold transactions annually. By establishing itself in the UAE, ORO is able to tap into the region's gold liquidity, regulatory clarity, and deep-rooted trade networks to offer users a secure, transparent, and scalable way to access and use tokenised gold on a global scale. In addition to its funding success, ORO also signed a Memorandum of Understanding (MOU) at ADGM last month in the presence of HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and HE Dr Jörg Kukies, Germany's Minister of Finance. The MOU outlines ORO's commitment to expanding tokenised gold adoption across the UAE and beyond, reinforcing its strategic partnerships and regulatory compliance. ORO is partnering with Fasset to expand tokenised gold adoption across the UAE, Malaysia, Bahrain, Indonesia, and Turkey. As a strategic investor, Fasset will help drive retail and institutional access through their regulated financial infrastructure. ORO will also launch on Own (Fasset's Layer 2 network) later this year. With this funding, ORO will expand its product offerings and deepen its integrations within both decentralised and traditional finance. Over the coming months, ORO will introduce new financial applications that enhance gold's liquidity and composability, enabling more efficient borrowing, seamless global transactions, and greater yield opportunities for gold holders.
