Peak XV leads $10m funding round for Triple-A

Crypto Payment Provider Triple-A Raises $10 Million in Series A Funding

Singapore-based crypto payment provider Triple-A has successfully raised $10 million in a Series A funding round. The funding was led by Peak XV and Shorooq Partners, with additional capital from undisclosed existing investors. This brings Triple-A’s total raised volume to $14 million, following a previous investment of $4 million from zVentures.

With the new funds, Triple-A plans to expand its offerings in the Middle East, North America, and South America, as well as list new tokens. The company currently has over 70 employees and offices in Miami, Hong Kong, Paris, and Barcelona.

Triple-A’s Mission to Boost Crypto Adoption

Founded in 2017 by Eric Barbier, Triple-A aims to promote the adoption of cryptocurrencies by providing crypto payment services to e-commerce merchants, retailers, game providers, and marketplaces. Prior to starting Triple-A, Barbier founded Thunes, a cross-border payments platform valued at $900 million.

In a recent research report published by Triple-A, it was revealed that there are over 420 million crypto investors worldwide as of June 2023. India has the highest number of crypto adopters with 103 million individuals, followed by China with 58 million investors and the United States with nearly 45 million investors.

Hot Take: Triple-A’s Funding Boosts Expansion Plans

The successful Series A funding round for Triple-A provides a significant boost for the company’s expansion plans. With the additional capital, Triple-A aims to strengthen its presence in key regions such as the Middle East and the Americas while also introducing new tokens to its platform.

Triple-A’s focus on promoting crypto adoption aligns with the growing global interest in cryptocurrencies, as evidenced by the increasing number of crypto investors worldwide. With its established position in the crypto payment services market, Triple-A is well-positioned to capitalize on this trend and drive further adoption of cryptocurrencies across various industries.