Triple-A Raises $10M Series A From Peak XV, Shorooq Partners and 1982 Ventures

Triple-A Raises $10M Series A From Peak XV, Shorooq Partners and 1982 Ventures
October 25, 2023

Triple-A the global digital currency payment institution announces their US$10 Million Series A funding round today. The round was led by Peak XV Partners (formerly Sequoia India & Southeast Asia), with participation from existing investor 1982 Ventures, along with the strategic backing of Shorooq Partners, leading tech investor from Middle East.

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.

“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.

Triple-A is licensed by MAS (Monetary Authority of Singapore) as a Payment Institution. The company also holds a Payment Institution Licence from the central bank of France, allowing them to execute payment transactions across all EU member states. Triple-A is also registered with the United States Financial Crimes Enforcement Network (FinCEN). They are focused on ensuring merchants using Triple-A operate in a safe and compliant environment across the globe.

Eric is a third time fintech founder, having created immense value in both his prior companies including Thunes. Eric has spent over 15 years specialising in Fintech and in cross-border payments.

Triple-A has also seen growing demand from enterprise clients seeking trustworthy and licensed digital currency payment solutions for purchases and cross-border business to business flows. Triple-A recently partnered with Singapore’s largest Apple products reseller, iStudio, to allow customers to pay using cryptocurrencies. Merchants such as FARFETCH, Charles and Keith, Singapore Red Cross, Razer and Reap also use Triple-A to offer cryptocurrency as a form of payment. Dominant currencies include USDT, USDC, ETH and BTC.

Herston Elton Powers, Founding Managing Partner of 1982 Ventures stated, “Triple-A represents a big step towards removing barriers between traditional and blockchain-based payments.  We are extremely proud to be an early investor in Triple-A and continue to back their vision in transforming cross-border transactions.”

Triple-A has a diverse team of over 70 employees and maintains a global presence with offices strategically located in Singapore, Miami, Hong Kong, Paris and Barcelona.

About Triple-A

Triple-A, the digital currency payment institution, enables businesses to pay and get paid in both traditional and digital currencies, volatility-free.From API to no-code integration, Triple-A’s frictionless, white-label payment solutions are designed to blend smoothly into existing business operations — all while upholding the highest standards of security and compliance.Licensed by the Monetary Authority of Singapore (MAS) and trusted by over 20,000 businesses, Triple-A makes accepting payments in traditional and digital currencies simple for businesses worldwide. Triple-A is also licensed in the EU by Banque de France and is registered with the United States Financial Crimes Enforcement Network (FinCEN).

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