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Crypto payment provider Triple-A has raised $10 million in a Series A funding round led by Peak XV (former Sequoia India and Southeast Asia) and Shorooq Partners.
The investments come just a year after Triple-A raised $4 million from Razer’s venture arm zVentures.
According to a <a href="https://techcrunch.com/2023/10/24/triple-a/" target="_blank" rel="noopener noreferrer nofollow">report</a> by TechCrunch, the Singapore-based firm has also attracted capital from undisclosed existing investors. This brings its total raised volume to $14 million just a year after the firm raised $4 million from Razer’s venture arm zVentures.
With the proceeds, Triple-A is planning to expand its offerings in the Middle East, North America, and South America, as well as listing new tokens. As per TechCrunch, Triple-A currently has over 70 employees with offices in Miami, Hong Kong, Paris, and Barcelona.
You might also like: <a href="https://crypto.news/pioneers-from-ripple-mastercard-and-telegram-discuss-crypto-adoption-at-blockchain-life-2023/" rel="noopener noreferrer nofollow"> Pioneers from Ripple, Mastercard, and Telegram discuss crypto adoption </a>
<h2 class="wp-block-heading" id="triple-a-s-funding-rounds">Triple-A’s funding rounds</h2>
Founded in 2017 by Eric Barbier, Triple-A is offering crypto payment services to e-commerce merchants, retailers, game providers, and marketplaces in a bid to boost the adoption of cryptocurrencies. Before Triple-A, Barbier founded Thunes, a $900 million valued cross-border payments platform.
The funding comes a few months after Triple-A published a research report showing the growing adoption of cryptocurrencies&nbsp;around the world, with over 420 million crypto investors as of June 2023.
As crypto.news earlier <a href="https://crypto.news/merely-2-6-of-portugals-own-crypto-assets-data-shows/" target="_blank" rel="noopener noreferrer nofollow">reported</a>, India has the highest number of crypto adopters, with 103 million individuals, accounting for 7.10% of its population, according to Triple-A’s&nbsp;data. China follows with 58 million investors (4.08% of the population), and the United States has nearly 45 million investors, making up 13.22% of its population.
Read more: <a href="https://crypto.news/bitcoin-leaders-ease-of-use-now-vital-for-worldwide-adoption/" rel="noopener noreferrer nofollow"> Bitcoin leaders: ease of use now vital for worldwide adoption </a>

Triple-A raises $10m in funding led by Peak XV

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