Crypto 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
London-based cryptocurrency payments firm Merge has raised a $9.5 million seed round led by Octopus Ventures, as well as Coinbase Ventures, Alameda Research and Hashed.
Merge plans to deploy the capital to ensure that cryptocurrency companies can make payments and work with traditional financial services in a more efficient way. Merge will not only focus on holding and transferring fiat funds for crypto and Web 3 companies, but will also manage compliance through its API.
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