Alchemy Pay Completes $10M Financing Round and Sees Surge in ACH Market Value

04/03/2023 14:21 • Metaverse Matters • 123 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

Alchemy Pay, a Singapore-based cryptopayment service provider, recently announced the completion of a $10 million financing round led by DWF Labs. With a valuation of $400 million, this funding has allowed Alchemy Pay to further expand its offerings in the digital payment space. Following this announcement, the market value of its native token ACH has risen by 12.3% in a day, currently valued at over $190 million.

The Rise of Alchemy Pay

Founded in 2018, Alchemy Pay has quickly emerged as a leading provider in the cryptopayment industry. With a focus on providing seamless payment solutions for merchants worldwide, the company has been recognized for its user-friendly and secure platform. As part of its expansion efforts, Alchemy Pay aims to capitalize on the growing demand for cryptocurrency transactions, particularly in Southeast Asia and Europe.

Completing the $10M Financing Round

Alchemy Pay’s recent financing round was led by DWF Labs, a blockchain investment firm based in Dubai. Other notable investors include QCP Soteria, AU21 Capital, and HL Ventures. This funding brings Alchemy Pay’s total raised capital to $18 million. The company plans to use the funds for research and development, as well as expanding its business reach.

ACH Market Value Surges

Alchemy Pay’s native token ACH has seen a significant increase in market value following the financing round announcement. ACH’s market value has risen by 12.3%, currently standing at over $190 million. This surge highlights the investors’ confidence in Alchemy Pay’s future prospects and its ability to drive innovation and growth in the industry.

Opportunities for Cryptopayment Providers

The increasing demand for cryptocurrency transactions presents tremendous opportunities for cryptopayment providers such as Alchemy Pay. With its expanded offerings and increased funding, the company is well-positioned to capitalize on this trend. As more consumers and merchants embrace the use of digital currencies for transactions, companies like Alchemy Pay will play a significant role in shaping the future of payments.

Conclusion

Alchemy Pay’s recent financing round and the subsequent increase in ACH market value reflect the growing demand for cryptocurrency transactions. With its user-friendly and secure platform, the company is well-positioned to disrupt the traditional payment industry. This funding will allow Alchemy Pay to continue expanding its offerings and drive innovation in the industry. As more consumers and businesses adopt digital currencies, the market for cryptopayment providers is expected to grow exponentially.

FAQs

Q: What is Alchemy Pay?
A: Alchemy Pay is a Singapore-based cryptopayment service provider that offers seamless payment solutions for merchants worldwide.
Q: Who led Alchemy Pay’s recent financing round?
A: The financing round was led by DWF Labs, a blockchain investment firm based in Dubai.
Q: What is the current market value of ACH?
A: ACH’s current market value exceeds $190 million, following a 12.3% surge in value after Alchemy Pay’s recent financing round.

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