Achex

Achex was a San Francisco, California-based company involved in the Internet payments arena. It aimed to enable simple and secure Internet payments for buyers and sellers. The Achex service aimed to utilize the Internet and existing payment networks to transfer funds online in a simple, convenient and highly secure manner.Achex's investors include RRE Ventures and Draper Fisher Jurvetson.Notably, one of Achex's founders was Michael Arrington who went on to found popular technology and internet blog, TechCrunch. In addition to being co-founder of Achex, Arrington served as the firm's general counsel and VP, Business Development.