The Triple-A team
Global digital currency payments institution Triple-A has announced a US$10 million Series A fundraising led by returning investor Peak XV Partners, with strategic investment from Shorooq Partners.
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Founded in 2017 by serial fintech founder Eric Barbier, Triple-A is a digital currency payment institution that enables businesses to pay and get paid in both traditional and digital currencies, volatility-free. The aim is to build an efficient global payment ecosystem by bridging the gap between traditional finance and blockchain-backed payments.
Triple-A holds a Payments Institution licence from the MAS (Monetary Authority of Singapore) and a Payments Institution Licence from the Central Bank of France, allowing it to execute payment transactions across all EU member states. Triple-A is also registered with the United States Financial Crimes Enforcement Network (FinCEN). The startup will continue to strengthen its regulatory framework in countries across the globe.
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The startup recently partnered with Singapore’s largest Apple products reseller, iStudio, to allow customers to pay using cryptocurrencies at selected iStudio stores. Merchants such as Farfetch, Charles and Keith, Singapore Red Cross, Razer and Reap also use Triple-A to offer
cryptocurrency as payment. Dominant currencies include USDT, USDC, ETH and BTC.
A little over a year ago, the startup raised US$4 million in seed funding.
With a team of over 70 employees, it maintains a global presence with offices in Singapore, Miami, Hong Kong, Paris and Barcelona.
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Founded in 2017, Shorooq is an early-stage tech investor across the Middle East, North Africa, and Pakistan (MENAP region). The firm has built deep sectoral expertise in fintech, platforms, software, gaming, and Web3.
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