Triple-A Bags US$10 Million Series A Led by Peak XV, Shorooq Partnersby Fintech News Singapore October 25, 2023
Crypto payment gateway Triple-A announced that it has raised US$10 million in Series A funding. The round was led by repeat investors Peak XV Partners and Shorooq Partners.
The company had previously secured US$4 million in seed funding in June last year from Razer’s corporate ventures arm, zVentures.
Founded in 2017 by Eric Barbier, Triple-A provides digital, stablecoin, and blockchain-led payments that enable businesses to pay and get paid faster, 24/7, and without currency volatility risk.
Triple-A is licensed by the Monetary Authority of Singapore as a Payment Institution and holds a Payment Institution Licence from the central bank of France.
The company is also registered with the United States Financial Crimes Enforcement Network (FinCEN).
Triple-A has a team of over 70 employees based out of offices in Singapore, Miami, Hong Kong, Paris, and Barcelona.
“We believe that stablecoins and other digital currencies are transforming cross-border transactions, with instant, 24/7 transfers.
Triple-A is building a full suite of products for businesses to receive, manage and transfer funds globally.”
said Eric Barbier, Founder and CEO of Triple-A.
“Blockchain-based digital infrastructure provides real value in cross-border payments in terms of speed and liquidity of flows.
These infrastructure rails including stablecoins and centrally backed digital currencies (CBDCs) have the potential to transform how global businesses transact money more efficiently. Licensed by major regulators in Singapore and Europe, Triple-A is building a compliant and steady foundation to enable this future,”
added Aakash Kapoor, Vice President at Peak XV.