# Mriganka Pattnaik

> Mriganka Pattnaik is the co-founder and CEO of Merkle Science, a blockchain transaction monitoring and forensics company he started in 2018 after seeing, from inside crypto exchange Luno, how badly banks and regulators wanted a way to track illicit crypto flows. Under his lead, Merkle Science has raised over $24 million in Series A funding from investors including Kraken Ventures, Digital Currency Group, BECO Capital, and Susquehanna's Darrow Holdings, and now sells its 'Know Your Transaction' tools to VASPs, financial institutions, and law enforcement.

- **Role:** Co-Founder and CEO at Merkle Science
- **Organizations:** Merkle Science, Luno (former), Bank of America (former), Datatrix Healthcare / Medit (former), Entrepreneur First
- **From:** India
- **Nationality:** Indian
- **Education:** B.Tech, Biotechnology, Indian Institute of Technology, Guwahati
- **Known for:** Co-founded and scaled Merkle Science to serve VASPs, financial institutions, and government agencies globally, Raised $24M+ Series A from Kraken Ventures, DCG, BECO Capital, Susquehanna's Darrow Holdings, HashKey, Republic Capital and others, Reported 300% year-over-year growth during the 2022 crypto bear market

## Career timeline

- **2010-2012** — Internships at National Stock Exchange, Credit Suisse, and Barclays Bank while at IIT Guwahati
- **2013** — Joined Bank of America global investment banking, Technology, Media and Telecom sector
- **2015** — Co-founded Datatrix Healthcare Technologies (Medit), a medicine-ordering app in Mumbai; later exited
- **2016** — Joined Luno, leading growth and business expansion across Southeast Asia and India
- **2018** — Joined Entrepreneur First's Singapore program; met co-founder and CTO Nirmal
- **2019** — Co-founded Merkle Science
- **2021** — Merkle Science raised $5.75M Series A led by Darrow Holdings, Kraken Ventures, Uncorrelated Ventures and others
- **2022** — Extended Series A by $19M to over $24M total, co-led by BECO Capital, Darrow Holdings, and K3 Ventures

## Achievements

- Co-founded and scaled Merkle Science to serve VASPs, financial institutions, and government agencies globally
- Raised $24M+ Series A from Kraken Ventures, DCG, BECO Capital, Susquehanna's Darrow Holdings, HashKey, Republic Capital and others
- Reported 300% year-over-year growth during the 2022 crypto bear market
- Top 8 finalist at the Extreme Tech Challenge x CoinDesk Web 3 Pitch Fest
- Successful exit of medtech startup Medit before turning to crypto compliance

## Latest updates

- **2022-08** — Announced extension of Series A round to over $24 million, co-led by BECO Capital, Darrow Holdings, and K3 Ventures
- **2022-06** — Spoke at Consensus 2022 in Austin about crypto compliance and Merkle Science's US expansion plans

## Links

- Website: https://merklescience.com
- LinkedIn: https://www.linkedin.com/in/mriganka-pattnaik-80295b28/
- Twitter/X: https://twitter.com/MerkleScience
- Facebook: https://facebook.com/merklescience/

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Profile page: https://yespress.io/mriganka-pattnaik
Published by YesPress — https://yespress.io
Last updated: 2026-07-09