Alchemy Pay Secures $10M Funding at Valuation of $400M
Summary
Alchemy Pay, a Singapore-based payment gateway that connects crypto and global fiat currencies for businesses, developers, and users, secured $10m in funding. 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. Its offramping capability remits to users in 50+ local fiat currencies.
Funding
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