Web3 payment platform Fetch announced the completion of a $1.5 million Pre-Seed round of financing, led by Hashkey Capital and AppWorks Venture, with participation from LD Capital, Compute Ventures, M6 and GravityX Capital.
Fetchch provides infrastructure for the digital payments and rewards platform of the Web3 payments ecosystem, with a focus on cross-chain payments. It has been integrated with more than 23 wallets, with an average daily transaction volume of US$35,000.
According to reports, the new financing will be used to expand the engineering and research teams and accelerate the development of cutting-edge payment solutions to enable individuals and businesses to conduct seamless and secure transactions on the blockchain. (Economic Times)