Fetcch provides infrastructure for digital payments and rewards platforms for the Web3 payments ecosystem with a focus on cross-chain payments. The startup’s services have been integrated with over 23 wallets and is clocking daily transaction volumes worth $35,000.
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The company plans to use fresh capital to focus on product development and expand in the Web3 sector while simultaneously building Web2.5 use cases.
“We see a huge opportunity in the payments and loyalty rewards ecosystem and are excited to bridge the gap in the ecosystem. Envisioning a future where Web2 tech businesses will use blockchain at the backend, this funding will enable us to expand our engineering and research team to accelerate the development of cutting-edge payment solutions that empower individuals and businesses to engage in seamless and secure transactions on the blockchain,” Mandar Dange, CEO and cofounder of Fetcch, said in a statement.
Founded in May 2023 by Dange and Satyam Kulkarni, Fetcch looks to leverage blockchain to enable real-time settlements for users.
To streamline the payment process, Fetcch is creating a network of wallets, decentralised applications (DApps), merchants, and identities. The platform also enables the consolidation of cross-chain identities and addresses into a unified and wallet-branded ID.
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“We believe that Fetcch is at the forefront of Web3 payments innovation. Their vision aligns perfectly with the rapidly evolving blockchain landscape, and we’re excited to support their journey towards reshaping the digital payment industry,” said Bill Hsu, investing partner, AppWorks Venture.
