In a pre-seed funding round led by AppWorks Venture and Hashkey Capital, Fetcch, the Web3 payments and digital rewards infrastructure platform, successfully raised $1.5 million. With a strategic focus on cross-chain payments and real-time settlements, Fetcch plans to channel the fresh capital into product development and Web3 expansion, simultaneously catering to Web2.5 use cases.
Leading the Charge- Backers and Founders
Backing Fetcch’s vision are major players, including LD Capital, Compute Ventures, M6, and Gravityx Capital, joining the funding round orchestrated by AppWorks Venture and Hashkey Capital. Co-founded by Mandar Dange and Satyam Kulkarni in May 2023, Fetcch stands at the forefront of blockchain-enabled payments innovation.
Shaping the Web3 Ecosystem
Fetcch’s key objective is to simplify the complexities associated with cross-chain payments. The startup offers a connectivity network, allowing users to create unified, chain-agnostic identities, addressing the challenges of choosing the right blockchain and address in a multi-chain landscape. The impact of Fetcch’s approach resonates in the context of the Web3 payments market, projected to reach $32.4 billion by 2032.
Navigating the Future- Engineering Excellence and Research Acceleration
This injection of pre-seed funding positions Fetcch to amplify its engineering and research efforts. The startup envisions pioneering cutting-edge payment solutions that seamlessly blend blockchain with Web2 tech businesses, anticipating a future where digital payments are secure, convenient, and widely adopted.
Conclusion
As Fetcch secures $1.5 million in pre-seed funding, the Web3 payments landscape is poised for transformation. With a visionary team and strategic backing from AppWorks Venture, Hashkey Capital, and other key investors, Fetcch aims to streamline cross-chain payments, simplifying the user experience in the multi-chain world. This funding not only fuels their engineering and research endeavors but also positions them to lead the charge in reshaping digital payments. Fetcch’s journey embodies the fusion of blockchain technology with Web2 businesses, anticipating a future where secure and seamless transactions become the norm.
FAQs
Q1. How does Fetcch simplify cross-chain payments?
Fetcch provides a robust payments connectivity network, allowing users to create interoperable and chain-agnostic identities. This simplifies the user experience by eliminating the complexities associated with selecting the right blockchain and address.
Q2. What does the pre-seed funding mean for Fetcch’s role in Web3 payments?
The funding empowers Fetcch to drive innovation in Web3 payments, focusing on creating an advanced user experience conducive to mass adoption.
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