Triple-A $10M fund lead by Peak XV backed Shorooq

Triple-A, a digital currency payments institution, successfully raised $10M in a Series A funding round. With a mission to bridge the gap between traditional finance and blockchain-based payments, this brainchild of the Thunes founder is making waves with its white-label solutions for businesses.

• Business-friendly: Triple-A makes crypto transactions as easy as ABC. Pay up in crypto today, and see good old fiat money in your bank account tomorrow.

• Not just a one-trick pony: It's not just about raising funds. The $10M Series A, spearheaded by investors Peak XV (ex-Sequoia India and Southeast Asia) and Shorooq Partners, marks its total raised funds at $14M. These funds will be utilized for market expansion in the Middle East, North America, and South America, and for enriching their crypto payment solutions.

• Champion of Cryptocurrencies: With an array of cryptocurrencies at its disposal, such as Bitcoin, Lightning, Ether, Tether, and USD Coin, Triple-A is a strong advocate for the potential of cryptocurrencies as a business payment solution.

• Breaking borders with efficiency: Forget the sluggish SWIFT transfers that take days to clear; real-time settlements are the new norm with Triple-A's innovative use of stablecoins.

• Background: Triple-A's journey, spearheaded by Eric Barbier, is a fascinating one. From setting up shop in Singapore, to identifying the potential of prepaid mobile credit in the Philippines, to grappling with problematic chargeback fraud issues, the inception of this startup has been a roller-coaster ride.

Triple-A currently serves over 20,000 businesses and boasts of global licenses, including from the Monetary Authority of Singapore (MAS) and the central bank of France. It is also registered with the United States Financial Crimes Enforcement Network (FinCEN), putting strong emphasis on compliance and regulation.