Merge Money

What Merge Money does

Merge Money is a London-headquartered, ACPR-regulated B2B payment infrastructure platform that combines stablecoin settlement rails with local fiat payment infrastructure through a single REST API. The company's core product is a Stablecoin Orchestration Platform that coordinates multi-currency account opening, fiat-to-stablecoin conversion, on-chain settlement (via USDC and USDT), local payout rails, and reconciliation across 100+ countries and 60+ currencies. Differentiated components include named EUR IBANs issued in the end customer's own name (rather than virtual or routing IBANs), automatic provider failover, verification of payee, granular webhooks with replay, and structural reconciliation via named sub-accounts mapped to counterparties.

The company serves enterprise and mid-market clients across nine named verticals: fintechs and PSPs, marketplaces, corporate treasury, digital asset platforms, fund admins and SPVs, global payroll, commodity trading, brokerages, and AI platforms. Named customers and partners include UBS (flagship stablecoin B2B payments PoC, July 2026), Kyriba (treasury management distribution partnership, 2026), Stripe, and a mid-market tail including Coinflow, Conduit, Bridge, Due, and Neverless. Revenue is generated through transaction fees on payment processing and FX, recurring fees for multi-currency account infrastructure, and managed services for treasury operations; pricing is quote-based enterprise with annual billing and assisted onboarding.

Merge is privately held and venture-backed by Octopus Ventures, Hashed, Coinbase Ventures, and Ethereal Ventures (specific funding amounts undisclosed). The company was founded by CEO Kebbie Sebastian, formerly of PayPal and Bank of America. Regulatory credentials include ACPR EMI authorisation in France and VASP registrations with AMF and DNB, positioning Merge as a regulated alternative to both correspondent banking chains and unregulated stablecoin-native payment providers.

Name

Merge Money

Legal name

Merge

Website

https://mergedup.com

Company type

Private

Operating status

Operating

Short description

Merge Money is a London-based, ACPR-regulated B2B payment infrastructure provider combining stablecoin settlement with local fiat rails through a single API, serving fintechs, marketplaces, treasuries, and enterprises across 100+ countries and 60+ currencies.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)

Keywords

• Stablecoin payment infrastructure
• Cross-border B2B payments
• Multi-currency accounts
• Payment orchestration API
• Embedded payment rails

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. API Transaction Fees: Transaction-based fees for payment processing, FX conversion, and settlement across stablecoin and fiat rails. Volume-based pricing for high-volume enterprise customers moving money across borders.
2. Multi-Currency Account Services: Fees associated with multi-currency account infrastructure, including sub-account management, IBAN issuance, and cross-currency operations.
3. Stablecoin Treasury Management: Enterprise treasury infrastructure fees for managing global cash positions, FX exposure, and liquidity across entities and currencies in real time.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Merge Money is an ACPR-regulated B2B payment infrastructure platform that combines stablecoin settlement rails with local fiat payment infrastructure through a single REST API. The platform enables global businesses to open multi-currency accounts, collect funds, convert between fiat and stablecoins (USDC, USDT), execute cross-border payouts, and reconcile payments across 100+ countries and 60+ currencies. It replaces correspondent banking chains with near real-time on-chain settlement, targeting fintechs, marketplaces, corporate treasury teams, and financial institutions.

Product overview

Merge is a regulated B2B payment infrastructure platform that combines stablecoin settlement rails with local fiat payment infrastructure through a single API. The platform operates as an orchestration layer between banking infrastructure and blockchain settlement, not a consumer wallet or crypto exchange. The product portfolio consists of core infrastructure modules: Stablecoin Payments Infrastructure (cross-border settlement via stablecoin rails), Stablecoin Payment API (developer integration), Multi-Currency Accounts (hold/send/receive in 60+ currencies with named and virtual IBANs), Stablecoin On/Off Ramp (fiat-stablecoin conversion with USDC/USDT), Embedded Payments (white-label integration), Payment Reconciliation (automated matching), and Stablecoin Treasury Management (liquidity and FX management). The Stablecoin Orchestration Platform serves as the unified control layer coordinating all modules—fiat conversion, route selection, on-chain settlement, off-ramp, and compliance screening—into one continuous automated flow. Coverage spans 100+ countries with 60+ currencies supported.

Differentiator

Problem solved

Functional benefit

Products and services

• Stablecoin Payments Infrastructure Core infrastructure for settling cross-border B2B payments on stablecoin rails rather than correspondent banking. Replaces the correspondent banking chain with on-chain settlement, enabling near real-time transfers across 100+ countries with FX locked at initiation.
• Multi-Currency Accounts Account infrastructure enabling businesses to hold, send, and receive in EUR, GBP, USD and 60+ currencies from a single account. Includes named EUR IBANs (real bank accounts issued in the end customer's name) and virtual IBANs for routing constructs.
• Stablecoin Payment API Developer-facing REST API infrastructure for embedding programmable stablecoin payment flows into products. One API integration covers real-time rails, multi-currency accounts, FX, compliance, and reconciliation.
• Stablecoin On/Off Ramp Infrastructure for converting between fiat currencies and stablecoins (USDC, USDT) within the platform, with FX locked at conversion. Supports on-ramp (fiat to stablecoin) and off-ramp (stablecoin to fiat) flows for businesses moving funds on-chain and off-chain at scale.
• Embedded Payments White-label payment infrastructure embedded into a platform's own product, branded as the platform's own. Allows businesses to add global payment capabilities (multi-currency accounts, stablecoin payments, payouts) without acquiring market-by-market licenses.
• Payment Reconciliation Automated reconciliation infrastructure that matches every payment to its source automatically. Each payment routes into a named sub-account mapped to a specific flow or counterparty, enabling structural matching with a single structured data source across all activities.
• Stablecoin Treasury Management Treasury management infrastructure using stablecoin rails for global cash positions, FX exposure management, and cross-border liquidity. Combines stablecoin on/off ramp with local fiat payment rails across major corridors, enabling treasury rebalancing, vendor payments, payroll, and internal operations.
• Stablecoin Orchestration Platform The orchestration control layer that coordinates stablecoin payment flows: evaluates corridors and providers in real time, selects optimal routing paths, triggers compliance screening before fund movement, monitors on-chain settlement, and manages off-ramp with automatic failover to alternate providers.

Quantifiable outcome

• Settlement time reduced from 2-5 business days to seconds/minutes
• +3 more outcomes

Named customers8 records

Segments10 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• UBSflagshipStrategic or Co-development Partner · 16 July 2026UBS executed first worldwide stablecoin B2B payments under real-world conditions with Merge. Proof of Concept with corporate clients demonstrated B2B payments completing within seconds, transfers from Switzerland to multiple countries in under two minutes, and greater transparency across cross-border payment processes. First major bank to use Merge's stablecoin infrastructure for institutional payments.
• KyribacoreStrategic or Co-development PartnerPartnership to connect respective clients with complementary capabilities across treasury management and cross-border payments. Kyriba is the global leader in liquidity performance and treasury management, bringing enterprise treasury clients to Merge's stablecoin payment infrastructure.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Emerging players

• Zero Hash: Zero Hash offers embedded crypto and stablecoin infrastructure (custody, trading, on/off-ramps, payments) as a regulated BaaS layer. It is comparable to Merge's embedded-payments and stablecoin on/off-ramp products for fintechs and digital asset platforms.
• Fireblocks: Fireblocks provides digital asset custody, settlement, and payments infrastructure used by banks, fintechs, and crypto businesses. It overlaps with Merge on stablecoin treasury, payment orchestration, and fiat on/off-ramp infrastructure for digital asset platforms.

Direct peers

• Nium: Nium provides a global payments API for payouts, multi-currency accounts, and card issuing, targeting fintechs and enterprises moving money cross-border. It is a direct competitor in the cross-border payment API segment and serves overlapping customer segments such as marketplaces and payroll.
• Airwallex: Airwallex provides a global payments and treasury API for cross-border B2B payments, multi-currency accounts, and FX, targeting the same enterprise and fintech customer base as Merge. It is a direct competitor in the cross-border payment API category though without the stablecoin-native focus.
• BVNK: BVNK provides stablecoin and fiat payment infrastructure for global businesses, directly comparable to Merge's cross-border B2B orchestration product. Merge even publishes a 'Best BVNK Alternatives' comparison blog, signalling head-to-head competition.
• Circle: Circle is the issuer of USDC, the dominant stablecoin underlying Merge's settlement rails, and also offers Circle Payments Network and APIs for cross-border stablecoin transfers. Circle competes both as a stablecoin infrastructure provider and increasingly as a payment network operator in the same space as Merge.
• Paxos: Paxos is a regulated stablecoin issuer and blockchain infrastructure platform offering stablecoin issuance, custody, and payments APIs. It competes directly with Merge on enterprise-grade regulated stablecoin payment infrastructure and on/off-ramp services.

Broad incumbents

• Ripple: Ripple offers enterprise cross-border payment infrastructure (Ripple Payments) and the RLUSD stablecoin, positioning as a regulated alternative to correspondent banking. It overlaps with Merge's value proposition of SWIFT replacement and stablecoin-settled B2B payments for financial institutions.
• Stripe (via Bridge): Stripe acquired Bridge (a stablecoin payments platform previously listed as a Merge customer/peer) and now offers programmable stablecoin payment infrastructure to global businesses. Stripe's global acquiring distribution makes the combined entity a much larger, broader incumbent competitor to Merge in cross-border B2B and embedded payments.
• Wise: Wise operates a global multi-currency account and cross-border payment network for businesses and consumers, with API-driven payouts. It is a broader incumbent in the same cross-border B2B payments category Merge targets, though without stablecoin-native rails.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mergemoney

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Merge Money