Alchemy Pay Completes $10 Million Financing, ACH Rises to $0.038

04/03/2023 14:21 • Blockchain Buzz • 133 views

According to reports, Alchemy Pay, a cryptopayment service provider headquartered in Singapore, announced today that it has completed a $10 million financing led by DWF Labs at a valuation of $400 million. After that, ACH has risen above $0.038, a daily increase of 12.3%, and its current market value exceeds $190 million.

Alchemy Pay received $10 million in investment, with a market value exceeding $190 million

Introduction

Singapore-based crypto payment service provider, Alchemy Pay has recently completed a $10 million financing round led by DWF Labs. This funding round brings the company’s valuation to $400 million. Following the news, Alchemy Pay’s cryptocurrency ACH has seen a significant increase in value, with a daily rise of 12.3%, bringing its market value to over $190 million.

The Rise of Alchemy Pay

Alchemy Pay was founded in 2018 by a group of industry veterans with a vision to create a decentralized payment platform that prioritizes security, speed, and affordability. The company’s platform enables merchants to accept payments in cryptocurrency and fiat currencies seamlessly, helping to fulfill the growing demand for decentralized payment solutions.
Over the past year, Alchemy Pay has positioned itself as a key player in the crypto payment industry, forming key partnerships with some of the largest payment processors in the world, including Binance Pay, BitPay, and TrustToken. These collaborations have facilitated the integration of Alchemy’s payment platform with leading crypto wallets, exchanges, and merchant services, further expanding the reach of the company’s payment solutions.

The $10 Million Financing Round

Following its recent success in the crypto payment industry, Alchemy Pay announced on July 28th, 2021, that it had successfully completed a $10 million financing round, with DWF Labs leading the investment. The funds raised from the financing round will be used to expand the company’s global footprint and enhance the development of its payment technologies, including the integration of new blockchain networks and the creation of new payment products.
According to the CEO of Alchemy Pay, John Tan, “This financing round is a remarkable milestone for Alchemy Pay and its customers. We will continue to focus on delivering innovative and reliable payment solutions globally and look forward to working with our strategic investors to advance our mission.”

The Surge in ACH Value

Following the news of the $10 million financing round, Alchemy Pay’s native cryptocurrency, ACH, saw a surge in value. The token’s value rose by 12.3% in a single day, reaching $0.038, with its current market value exceeding $190 million. This surge in value is a testament to the growing demand for decentralized payment solutions and the strength of Alchemy Pay’s payment platform.

Conclusion

Alchemy Pay’s recent $10 million financing round and the surge in ACH value are significant milestones for the company and the crypto payment industry as a whole. With the funds raised by the financing round, Alchemy Pay will continue to innovate and expand its payment solutions, creating a brighter future for decentralized payment systems.

FAQs

1. What is Alchemy Pay?
Alchemy Pay is a Singapore-based crypto payment service provider that enables merchants to accept payments in cryptocurrency and fiat currencies.
2. How does Alchemy Pay’s payment platform work?
Alchemy Pay’s payment platform facilitates the integration of merchants’ payment systems with leading crypto wallets, exchanges, and merchant services, enabling seamless payment acceptance.
3. What is the significance of Alchemy Pay’s $10 million financing round?
The $10 million financing round signifies the growing demand for decentralized payment solutions and the strength of Alchemy Pay’s payment platform. The funds will be used to enhance the development of Alchemy Pay’s payment technologies and expand the company’s global footprint.

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