Alchemy Pay, a Singapore-based payment gateway that connects crypto and global fiat currencies for businesses, developers, and users, secured $10m in funding.
DWF Labs, a multi-stage web3 investment firm, provided the funding, which valued Alchemy Pay during the funding phase to $400m.
The funds will be utilized to expand the company’s payment business in Korea.
Founded in 2018, Alchemy Pay is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users. The Alchemy Pay Ramp Solution is integrated, via plugin or API, with platforms and dApps, providing an easy onramp from fiat currency to crypto. Alchemy Pay’s supports payments from 173 countries – Visa, Mastercard, Discover, Diners Club, Google Pay, Apple Pay, regional mobile wallets, and domestic transfers with a focus on emerging markets. Its offramping capability remits to users in 50+ local fiat currencies.
In addition to its payment services, the company has also introduced its innovative NFT Checkout service. This offering enables customers to acquire NFTs using fiat payment options, making the process as straightforward as any other standard online payment. With this function, users can purchase NFTs using their domestic local currencies.
FinSMEs
03/04/2023