3 years ago

Merge Secures $9.5 Million to Bridge the Gap Between Fiat and Crypto for Web3 Businesses

  • Merge, a London-based fintech startup, has raised $9.5 million in a seed funding round led by Octopus Ventures

  • The company offers a platform that enables web3 companies to navigate the complexities of traditional finance, including converting funds between fiat and cryptocurrency

  • Merge aims to address the challenges faced by crypto businesses in accessing reliable banking and payment solutions

  • The funding will be used to further develop its platform and expand its services.

      • ProblemFinancial Services

      "Crypto businesses struggle to interface with traditional finance, limiting their growth and mainstream adoption."

      Solution

      "Merge provides a banking and payments platform specifically designed for web3 companies, enabling seamless conversion between fiat and cryptocurrency, along with KYC/KYB solutions and regulatory compliance tools."

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