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Merit

Enterprise Software
Merit is a Utah-based identity verification platform providing digital credentials and licensing verification infrastructure used by government agencies and other organizations to issue and verify official credentials online.
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Merit was founded in 2017 by Alex Grubb, Chris Yeh, and Zachary Blumenfeld, based on the observation that many important credentials people rely on for their livelihoods, such as professional licenses, government-issued permits, and other official certifications, are traditionally issued and verified through slow, paper-based, or fragmented digital processes that make it difficult for both credential holders and organizations that need to verify those credentials, such as employers checking a professional license, to efficiently confirm that a given credential is genuine, current, and in good standing. Merit's platform provides infrastructure for government agencies and other credential-issuing organizations to issue digital versions of licenses, certifications, and other official credentials that can be easily and instantly verified online by third parties who need to confirm a credential's authenticity and current status, such as an employer verifying a job candidate's professional license or a business verifying a contractor's required permits, addressing a common friction point where manual credential verification processes can create significant delays and administrative burden for both the credential holder trying to demonstrate their qualifications and the organization trying to verify them. The company has worked particularly closely with U.S. state and local government agencies, which are typically responsible for issuing many types of professional licenses, such as those for healthcare workers, contractors, and other regulated professions, helping these agencies modernize traditionally paper-based or fragmented digital licensing and verification systems. Merit's platform has found particular relevance in contexts requiring rapid, at-scale credential verification, such as verifying healthcare worker licenses during public health emergencies when out-of-state medical professionals may need to be rapidly credentialed to help respond to a surge in patient need. The company has positioned itself as critical trust infrastructure connecting credential-issuing government agencies with the many different employers, businesses, and other organizations that need to reliably verify those credentials, raising venture funding from investors to support its government-focused digital credentialing platform.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.