Merge has successfully raised $9.5 million from its latest funding round led by Octopus Ventures, with participation from other notable VC firms and angel investors, including Coinbase Ventures, Alameda Research, and Ethereal Ventures, the founder of Aave, and Polygon co-founder, amongst others.

“Exponential growth of crypto startups evidently led to a dramatic increase in CeFi and DeFi assets under management, giving us strong confidence in Merge as the infrastructure provider to those institutions. Institutional players will naturally seek a reliable compliance infrastructure, and Merge is the only one-stop solution that is specifically catering to their needs.” Baek Kyoum Kim, partner at Hashed

Merge, a financial technology startup that claims to provide crypto and Web3 projects with a range of banking and payments solutions that enables them to instantly create bank accounts, send payments and seamlessly convert funds between fiat and crypto, has raised $9.5 million in seed funding.