{"id":76579,"date":"2023-04-03T10:03:24","date_gmt":"2023-04-03T07:03:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76579"},"modified":"2025-09-10T18:12:43","modified_gmt":"2025-09-10T15:12:43","slug":"alchemy-pay-raises-10-million-for-expansion-in-south-korea","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/alchemy-pay-raises-10-million-for-expansion-in-south-korea\/","title":{"rendered":"Alchemy Pay raises $10 million for expansion in South Korea"},"content":{"rendered":"<p>Alchemy Pay has drawn $10 million from market-maker DWF Labs to grow its business in South Korea. At the conclusion of the strategic investment round, the payments platform was valued at $400 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are excited to partner with DWF Labs, the prominent multi-stage web3 investment firm to secure $10 million funding at a valuation of $400M in this round. This strategic partnership<br \/>aims for <a href=\"https:\/\/twitter.com\/hashtag\/AlchemyPay?src=hash&#038;ref_src=twsrc%5Etfw\">#AlchemyPay<\/a>\u2019s expansion into the Korean market.<br \/>Learn more: <a href=\"https:\/\/t.co\/XrgvRNBj3S\">https:\/\/t.co\/XrgvRNBj3S<\/a><\/p>\n<p>\u2014 Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) <a href=\"https:\/\/twitter.com\/AlchemyPay\/status\/1642714932222529541?ref_src=twsrc%5Etfw\">April 3, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The press release says that Alchemy Pay aims to capitalise on the high level of cryptocurrency adoption in South Korea and to help local firms achieve greater internationalisation.<\/p>\n<p>The startup&#8217;s list of partners includes Visa, Mastercard, Discover, Diners Club, Google Pay and Apple Pay, as well as regional mobile wallets and domestic transfer systems.<\/p>\n<p>Alchemy Pay operates in 173 countries and supports more than 50 fiat currencies.<\/p>\n<p>Earlier, the bitcoin exchange OKX announced the integration of the platform&#8217;s services.<\/p>\n<p>In February, Alchemy Pay<a href=\"https:\/\/u1f987.com\/en\/news\/alchemy-pay-secures-indonesian-central-bank-licence\"> entered into a cooperation<\/a> with fintech BDPay to obtain the Indonesian central bank&#8217;s permission to operate in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alchemy Pay has raised $10 million from market-maker DWF Labs to grow its business in South Korea. Following the strategic investment round, the payments platform was valued at $400 million.<\/p>\n","protected":false},"author":1,"featured_media":76580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,974],"class_list":["post-76579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-south-korea"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76579"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76579\/revisions"}],"predecessor-version":[{"id":76581,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76579\/revisions\/76581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76580"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}