Achex

About Achex

Achex Inc., founded in 1999, emerged during the dot-com boom as a provider of secure internet payment services. The company was established to facilitate simple and secure online payments for both buyers and sellers, capitalizing on the growth of electronic commerce.

The firm operated in the business/productivity software and fintech sectors, with its headquarters in San Francisco, CA. Achex's core business was centered around a payment service that leveraged the burgeoning opportunities within the e-commerce market. The company's business model focused on processing check-based payments online, catering to the needs of a rapidly expanding internet-based economy. Over its operational period, Achex successfully raised $18 million in funding, attracting investments from various venture capital firms.

A significant milestone in the company's history occurred on July 1, 2001, when it was acquired by First Data Corporation, a major player in the electronic commerce and payment services industry. The acquisition marked the culmination of Achex's journey as an independent entity, integrating its online check-based payment processing capabilities into First Data's extensive portfolio of financial services. First Data itself was later acquired by Fiserv in 2019, a deal that created a global payment provider giant.