Triple-A Raises $10 Million in Series A Round from Peak XV Partners

Triple-A, a digital currency payment company based in Singapore, announced on Oct 25 that it has raised $10 million in its Series A funding round. According to a statement from Triple-A, the round is being led by returning investors Peak XV Partners (formerly known as Sequoia India & South East Asia), with the strategic support of Shorooq Partners, one of the top technology investors in the Middle East and North Africa (MENA).

The startup raised $4 million in seed money a little more than a year ago, which helped to build the platform.

It is noteworthy that a number of current investors who saw Triple-A's potential early on took part in the current Series A round, demonstrating their continued faith in the business and team. Founded in 2017 by serial fintech Founder Eric Barbier, Triple-A has pioneered digital, stablecoin and blockchain-led payments, enabling global businesses to pay and get paid faster, 24/7, and without any currency volatility risk, all while upholding the highest regulatory compliance standards.

The firm is licensed by the Monetary Authority of Singapore (MAS) as a payment institution. The company also holds a payment institution license from the Central Bank of France, allowing it to execute payment transactions across all European Union (EU) member states.

Additionally, the company is registered with FinCEN, the United States Financial Crimes Enforcement Network. According to the statement, the company will keep fortifying its regulatory framework in nations all over the world to guarantee that retailers who use Triple-A do so in a secure and law-abiding atmosphere.

It should be noted that the company's goal is to close the gap between conventional finance and blockchain-based payments in order to create a more effective global payment ecosystem. To enable cryptocurrency payments at some iStudio stores, the company recently partnered with Singapore's largest Apple products reseller, iStudio.