Alchemy Pay secures $10M funding for South Korean expansion.
Singapore-based payments provider Alchemy Pay has raised $10m in investment from market maker DWF Labs at a $400m valuation to expand its business in South Korea, where it aims to capitalise on the country's high level of crypto acceptance and help local firms achieve greater internationalisation. Alchemy Pay provides a way for crypto companies to access the fiat payment system and has previously worked with Visa, Mastercard, Google Pay and Apple Pay. The investment is the latest in a series of eight investments or funding rounds of at least $10m into crypto and Web3 projects by DWF Labs in the past six weeks.