{"id":62223,"date":"2022-05-30T14:38:40","date_gmt":"2022-05-30T11:38:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62223"},"modified":"2025-09-05T16:40:25","modified_gmt":"2025-09-05T13:40:25","slug":"infrastructure-startup-merge-raises-9-5-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/infrastructure-startup-merge-raises-9-5-million\/","title":{"rendered":"Infrastructure startup Merge raises $9.5 million"},"content":{"rendered":"<p>The infrastructure startup Merge has closed a seed funding round of $9.5 million. It was led by Octopus Ventures with participation from Hashed, Coinbase Ventures, Ethereal Ventures and Alameda Research.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Merge is happy to announce that we&#8217;ve raised $9.5mn in <a href=\"https:\/\/twitter.com\/hashtag\/seedfunding?src=hash&#038;ref_src=twsrc%5Etfw\">#seedfunding<\/a> to build our <a href=\"https:\/\/twitter.com\/hashtag\/API?src=hash&#038;ref_src=twsrc%5Etfw\">#API<\/a>-first platform that powers <a href=\"https:\/\/twitter.com\/hashtag\/banking?src=hash&#038;ref_src=twsrc%5Etfw\">#banking<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/payments?src=hash&#038;ref_src=twsrc%5Etfw\">#payments<\/a> for the <a href=\"https:\/\/twitter.com\/hashtag\/cryptoeconomy?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptoeconomy<\/a>. A <a href=\"https:\/\/twitter.com\/hashtag\/financialinfrastructure?src=hash&#038;ref_src=twsrc%5Etfw\">#financialinfrastructure<\/a> that is going to be a game-changer for <a href=\"https:\/\/twitter.com\/hashtag\/web3?src=hash&#038;ref_src=twsrc%5Etfw\">#web3<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> businesses.<a href=\"https:\/\/t.co\/aPH4o8sq7W\">https:\/\/t.co\/aPH4o8sq7W<\/a><\/p>\n<p>\u2014 Merge (@merge_now) <a href=\"https:\/\/twitter.com\/merge_now\/status\/1531229614609051648?ref_src=twsrc%5Etfw\">May 30, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Founded by former PayPal top executive Kebby Sebastian, the firm offers Web3 companies access to banking services, payments, risk management and regulatory compliance through an API.<\/p>\n<p>The company&#8217;s solutions enable it to collect and hold funds for itself and its clients, as well as to convert cryptocurrencies into fiat money and vice versa, while complying with regulatory requirements.<\/p>\n<p>Merge addresses the problems of crypto exchanges, wallets and DeFi protocols that are being refused service by many traditional financial institutions.<\/p>\n<p>According to The Block, the funds will be used by the UK-based startup to expand into other regions and obtain new licenses.<\/p>\n<p>In May, the cryptocurrency-focused payments startup BVNK attracted $40 million at a $340 million valuation.<\/p>\n<p>Subscribe to ForkLog\u2019s news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The infrastructure startup Merge has closed a seed funding round of $9.5 million. It was led by Octopus Ventures with participation from Hashed, Coinbase Ventures, Ethereal Ventures and Alameda Research.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1402,1133],"class_list":["post-62223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-infrastructure","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=62223"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62223\/revisions"}],"predecessor-version":[{"id":62224,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62223\/revisions\/62224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=62223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=62223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=62223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}