20 June 2022 – Singapore-based cryptocurrency payment solutions platform TripleA receives funding as the first investee of Insignia Ventures Partners’ Moonshot Fellowship, the Southeast Asia venture capital firm’s program to invest in and support ventures building important infrastructures and laying the foundations for the still-nascent web3 ecosystem. This funding is part of a US$4M round led by zVentures, Razer’s corporate venture arm.
This round unlocks strategic opportunities for TripleA, including greater access to Razer’s gaming community as a key vertical for the crypto payments platform. Then there is also TripleA’s inclusion into the Moonshot Fellowship, where, in addition to receiving funding, TripleA becomes part of a community of fellow web3 ventures in the region receiving shared support in navigating the challenges of scaling in emerging markets.
TripleA is founded by Eric Barbier, a repeat entrepreneur with a proven track record of building successful, sustainable fintech companies. He shares, “We are honored to be the inaugural investee of Insignia Ventures’ Moonshot Fellowship, and recognize the importance of this program to support startups building important solutions and infrastructure for the web3 ecosystem.”
Crypto wallet adoption and usage have ballooned massively especially in Southeast Asia, where for example the Philippines has more crypto wallets than ewallets. TripleA is filling a market gap by allowing businesses to pay and get paid in crypto without the hassle and risk of having cryptocurrencies on their balance sheets. Businesses can increase revenues by tapping into 300m+ cryptocurrency users in a regulated and compliant manner.
TripleA is the first crypto payments company which earned the Digital Payment Token licence from the Monetary Authority of Singapore (MAS), allowing the company to provide end-to-end cryptocurrency payment services for businesses in full compliance with global regulatory standards. They are also one of five startups selected for the Visa Accelerator Programme in APAC, and were also selected as the global cryptocurrency payment gateway for Binance Pay.
“With their fully regulation compliant, business user-friendly, and comprehensive crypto payment solutions, TripleA has been meeting the growing demand for interoperability and infrastructure to support business transactions across Southeast Asia’s web3 economies. This partnership with Eric and his team aligns with the Moonshot Fellowship’s goal to bring greater maturity to the region’s fast-growing web3 ecosystem and we are privileged to be part of this journey early on,” says Insignia Ventures Partners founding managing partner Yinglan Tan.
TripleA helps businesses increase their revenue by enabling crypto payments and payouts, giving them access to the spending power of the fast-growing 300m+ cryptocurrency users.
With its white-label, easy setup, instant confirmation, locked-in exchange rate, real-time fiat conversion, and no chargeback crypto payment solution, TripleA meets the needs of all businesses. This includes e-commerce merchants, retailers, game providers, PSPs, fintech, marketplaces and tech companies.
The company is licensed by MAS, the Monetary Authority of Singapore (Singapore’s Central Bank), allowing partners to operate in a fully compliant and regulated environment. To learn more, visit https://triple-a.io/.
About Insignia Ventures Partners
Insignia Ventures Partners is an early-stage technology venture capital firm with US$450+ AUM partnering with unstoppable founders to build great companies in Southeast Asia. Since 2017, we have invested in 70+ emerging technology companies across industries and geographies in the region, including unicorns Carro, Ajaib, GoTo, and Appier, and category leaders including Payfazz, Shipper, tonik, and Flip. We partner early with founders and support them from seed through growth stage as their companies create meaningful impact for millions of people in Southeast Asia and beyond. With our team of 30+ investment and operating professionals who bring together decades of experience and proprietary networks, we equip our founders with the tools they need for growth. Learn more on our website and Insignia Business Review. Follow us on LinkedIn, Instagram, and Twitter.
About Moonshot Fellowship
Started by Insignia Ventures Partners in 2022, the Moonshot Fellowship aims to bring together a network and community of web3 founders and talent building important infrastructures and laying the foundations for the still-nascent web3 ecosystem. Through this network and community, Moonshot aims to catalyze growth across these ventures and enable faster access to support in navigating the complexities of scaling web3 ventures, especially in Southeast Asia.