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Triple-A Raises $10M Series A From Peak Xv And Shorooq Partners To Be The Most Regulated Payment Institution For Digital Currency Worldwide

Oct 25, 2023almost 2 years ago

Amount Raised

$10 Million

Round Type

series a

SingaporeCryptocurrencyFintech

Investors

Shorooq PartnersPeak Xv Partners

Description

Global digital currency payment institution Triple-A announces their US$10 Million Series A funding round today. Leading the round are repeat investors Peak XV Partners (formerly known as Sequoia India & South East Asia), along with the strategic backing of Shorooq Partners, one of MENA's leading technology investors.

Company Information

Company

Triple-A

Location

Singapore

About

Triple-A enables businesses to pay and get paid in crypto, anytime, anywhere, without touching crypto. From API to no-code integration, our frictionless, white-label crypto payment solutions are designed to blend smoothly into your operations — all while upholding the highest standards of security and compliance. Triple-A empowers businesses to offer a new and more efficient way to send and receive payments to reach 420M+ crypto owners globally, boost revenue, and optimise costs.

We’re obsessed with solving problems for our customers and bridging the gaps between fiat and crypto. Licensed by the Monetary Authority of Singapore (MAS) and trusted by over 20,000 businesses, Triple-A makes accepting crypto payments simple for businesses across the globe. Triple-A also holds licences from Banque de France’s ACPR in Europe and is registered with the United States Financial Crimes Enforcement Network (FinCEN).

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech