Merge, a London, UK-based provider of a Banking And Payments Infrastructure for The Web3 Economy, raised $9.5m in seed funding.
The round was led by Octopus Ventures with participation from Hashed, Coinbase Ventures, Alameda Research and Ethereal Ventures, as well as the founder of Aave, co-founder of Polygon, CEO of Ledger and Barclays’ former CEO of Consumer Banking, amongst other prominent angel investors.
The company intends to use the funds to continue to expand operations and its development efforts.
Led by Kebbie Sebastian, a former PayPal and Barclays executive, alongside former Coinbase and Luno executives have come together to offer the solution. Merge will provide a seamless way for crypto and web3 companies to hold and transfer fiat funds, convert between fiat and crypto as well as manage compliance, all within its simple to integrate API.
FinSMEs
30/05/2022