Fintech Startup Merge Attracts $9.5 Million
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Fintech infrastructure startup Merge has just completed a funding round in which it has raised a total of $9.5 million.

The round was reportedly led by Octopus Ventures and has also seen the participation of Alameda Research, Hashed, Coinbase Ventures and Ethereal Ventures.

The company offers Web3 businesses access to banking, payments, risk management and compliance through an API.

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The solutions offered by the startup enable collecting and holding funds for users and their customers as well as converting cryptocurrencies to fiat money and vice versa.

Merge solves the problems of exchanges, wallets and DeFi protocols that many traditional financial institutions do not offer their services to.

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