Alpha Payments Cloud Receives Investment by Wells Fargo Startup Accelerator

Alpha Payments Cloud valuation now stands at USD $100 million.

DUBLIN–(BUSINESS WIRE)–Alpha Payments Cloud, a global leader in providing access to payment,
risk and commerce solutions to international banks and merchants, today
announced it was selected by Wells Fargo (NYSE: WFC) for investment
through its Startup Accelerator program. During the next six-months
through the Startup Accelerator program, Wells Fargo will collaborate
with Alpha Payments Cloud on its global payments network technologies
for merchants.

The Wells Fargo Startup Accelerator, a non-exclusive, six-month,
semi-annual program for early-stage companies, is dedicated to exploring
new and emerging technologies that could provide value to Wells Fargo
and its customers. Regularly collaborating with startups on a wide range
of technologies helps Wells Fargo explore big ideas with innovators
outside its walls and industry, and shape future customer experience.

“We are pleased to be selected for the Wells Fargo’s Startup Accelerator
program,” said Oliver Rajic, CEO at Alpha Payments Cloud. “It supports
the Alpha Payments Cloud value proposition to the financial services
industry to make an increasingly complex payments ecosystem simpler.
Alpha Payments Cloud’s proprietary orchestration engine, coupled with
our AlphaHub’s vendor depth, empowers users to call upon unique
functions across many vendors. We provide the connections to all
solution vendors, merchants and banks by acting as a middle layer where
everyone has access to each other. This guarantees users more
functionality and creative freedom than the old way ever could.”

“We’re excited to be investing in Alpha Payments Cloud through our
Startup Accelerator and have it be part our investment portfolio,” said
Steve Ellis, head of Wells Fargo’s Innovation Group. “It represents
precisely the technology innovation in international payments we want to
explore for our merchant customers.”

About Alpha Payments Cloud

Alpha Payments Cloud is a global leader in providing third party
payment, risk and commerce solution access to international banks and
merchants through the AlphaHub platform. The AlphaHub is a single
Payments-as-a-Service platform that allows Payment Providers to plug
into and expose their solutions, Banks and other Financial Institutions
to access and sell these solutions, and Merchants to gain access to use
and customize between available solutions. With all integrations
accessible through a single API, Alpha Payments Cloud eliminates
restrictions and friction caused by legacy platforms, and introduces the
possibility of infinite third-party vendor access. For more information,
visit
http://www.alphapaymentscloud.com.

Contacts

Alpha Payments Cloud
Ronan McDonnell
Marketing Coordinator
+3531-9609024
ext. 507