Alchemy Pay, a Singapore based payments provider, has recently raised $10 million in investment from DWF Labs, a market maker with a combined total of investments of $165 million. The $400 million valuation puts the company in a good position for achieving their ambitions of expanding their business in South Korea. In the country, Alchemy Pay will be offering local crypto firms to access the fiat payments system and allowing them to internationalize their businesses.

Recently, the OKX state-of-the-art crypto exchange, has partnered with Alchemy Pay and using its service customers are now able to purchase cryptocurrencies using their local currencies. The $10 Million injection from DWF provides a significant capital for Alchemy for growing their operations and also for the development of their ACHP token which currently has a market cap of around $180 million.

DWF's managing partner, Andrei Grachev recently expressed that the current market situation provides a great opportunity for their investments. He stated that their team has accumulated enough funds from their profits to invest in projects and this has been reflected with eight investments or funding rounds of at least $10 million into crypto and Web3 projects in the past six weeks.

Apart from the South Korean expansion plans, Alchemy Pay is also providing users to access traditional payment methods such as Visa, Mastercard, Google Pay and Apple Pay. Also, meaning it's easier to buy goods and services with their crypto currencies.



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