Singapore based fintech Triple-A raises US$10m series A

By:
On:
In: Technology
Tagged: ,
  • Peak XV Partners, formerly known as Sequoia India & amp, South East Asia, is the leading investor.
  • To improve the world pay system by fusing blockchain and nbsp with conventional finance,

Singapore based fintech Triple-A raises US$10m series A

Triple-A, a provider of digital currency payments, has announced its US$ 10 million( RM47.8 million ) Series A funding. Leading tech investors in the MENA ( Middle East and North Africa ) & nbsp, as well as replicate investors Peak XV Partners( previously known as Sequoia India andamp, South East Asia ), are leading the round.

Triple-A, a fintech company founded in 2017 by Eric Barbier( pic ), & nbsp, and lb-a, claims to have pioneered blockchain-led payments, making it possible for international businesses to pay and receive payments faster, around-the-clock, while reducing the risk of currency volatility while adhering to the strictest regulatory compliance standards. Elodie Trichet, a seasoned payment executive who serves as COO at Triple – A and has decades of experience in the payment sector, has held leadership positions at both fintech company Airwallex and international payments firm Adyen.Singapore based fintech Triple-A raises US$10m series A

In addition to being registered with the United States Financial Crimes Enforcement Network, the company has licenses from the Monetary Authority of Singapore and the Central Bank of France as a Payments Institution, enabling it to execute payments across all EU member states. & nbsp,

Triple-A pledges to improve its international regulatory framework while also bridging the gap between conventional financing and blockchain-based payment solutions to create a more effective worldwide payment ecosystem.

According to Triple – A, the largest Apple product reseller in Singapore, iStudio, recently partnered with it & nbsp to allow customers to pay using cryptocurrencies at a few of their stores. With options such as USDT, USDC, ETH, and BTC, traders like Farfetch, Charles and Keith, Singapore Red Cross, Razer and Reap have decided to accept bitcoin as a form of transaction through Triple-A’s service.

The startup raised US$ 4 million( RM19 million ) in seed money just over a year ago, laying the foundation for its platform. Some early investors are also taking part in the present Series A round.

Currently, Triple – A has a diverse group of over 70 people and maintains international presence with headquarters in Singapore, Miami, Hong Kong, Paris, and Barcelona.

Barbier highlights the agency’s belief in the transformative potential of bitcoins and digital currencies by enabling fast, round-the-clock transfers and observing their effect on cross-border transactions. He emphasizes that Triple-A is creating a comprehensive range of goods for companies to maintain, receive, and transfer money internationally.

Vice President at Peak XV Aakash Kapoor emphasized the important role that blockchain-based digital infrastructure plays in cross-border payments, emphasizing the benefits of speed and profitability in economic flows. These infrastructure rails, such as stablecoins and centrally backed digital currencies, have the potential to revolutionize how international businesses exchange money more effectively, according to & nbsp. He continued,” Triple-A is laying a compliant and solid foundation to help this prospect with licensing from key authorities in Singapore and Europe.”