Fintech infrastructure for web3 startup Merge raises $9.5 million By _tommatsuda
Merge has raised a $9.5 million round led by Octopus Ventures, with participation from Hashed, Coinbase Ventures and Ethereal Ventures.advertisement
Founded by former PayPal executive Kebbie Sebastian late last year, Merge aims to provide access to banking, payments, risk management and compliance to web3 companies via an application programming interface . APIs are software bridges that allow businesses to more simply access each others' systems.
Through Merge's API, the startup aims to offer such services including the enabling of collecting and holding funds for themselves and for their customers and the conversion of crypto to fiat and vice versa within a wallet. These services are offered without the business having to worry about issues of compliance as this is handled by Merge.
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Crypto Payments Firm Merge Raises $9.5M From Coinbase Ventures, Alameda Research and OthersCrypto payments company Merge has raised $9.5 million in a seed round led by Octopus Ventures, with plans to bridge the gap between crypto and traditional finance. Reporting by OKnightCrypto
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