Triple-A Raises $10 Million in Series A to Bridge the Gap Between Traditional Finance and Blockchain Payments
Singapore-based digital currency payments firm Triple-A has completed a $10 million Series A funding round.
The round was led by returning investors Peak XV, formerly known as Sequoia India and Southeast Asia, with strategic support from Shorooq Partners, a venture firm focused on the MENA region, according to a report by TechCrunch.
The funding comes approximately one year after Triple-A's seed round, bringing the company's total raised capital to $14 million.
Founded by Eric Barbier, the mastermind behind the cross-border payments platform Thunes, Triple-A aims to revolutionize the intersection between traditional finance and blockchain-based payments.
The company offers white-label solutions for businesses, allowing them to seamlessly integrate cryptocurrency payments and receive fiat money in their bank accounts the following day.
With the newly acquired funds, Triple-A plans to expand its operations in key regions such as the Middle East, North America, and South America.
Additionally, the company intends to enhance its range of cryptocurrency solutions, further advancing its crypto payments and payout products.
Currently, Triple-A supports various cryptocurrencies, including Bitcoin, Lightning, Ether, Tether, and USD Coin.
Triple-A's innovative payment solutions have gained significant traction, with over 20,000 businesses already utilizing its services.
Notable clients include iStudio, Farfetch, Charles and Keith, Singapore Red Cross, Razer, and Reap, as well as numerous large enterprises.
Furthermore, the company's streamlined onboarding process, which includes completing the KYC (know your customer) process and integration through APIs or no-code integration, has made it an attractive option for enterprises seeking
Read more on cryptonews.com
