Singapore-based crypto payments firm TripleA announced today (June 16) that it has secured S$4 million in funding led by Razer’s corporate ventures arm, zVentures.
Founded in 2017 by serial fintech entrepreneur Eric Barbier, TripleA was the first crypto payments company to receive the coveted Digital Payment Token licence from the Monetary Authority of Singapore (MAS) last November.
This current partnership with Razer will enable TripleA to reach into the gaming sector, which according to Barbier, is a “key vertical for crypto payments” and hence believes there are ample opportunities for growth.
According to TripleA, cryptocurrency ownership is high among millennial gamers, and the vast majority of them are interested in using cryptocurrency for gaming purchases.
“Through zVentures, we are always on the lookout for market-leading, early-stage companies such as TripleA, to nurture and support them,” said Li Meng Lee, Chief Strategy Officer at Razer.
“TripleA is a clear leader in crypto payments, an area of interest and relevance to us in the gaming space. We look forward to this strategic partnership with them, accelerating their growth and adoption by leveraging on our existing ecosystem of hardware, software and services.”
This latest news follows the recent announcement that TripleA was selected by Binance as its global cryptocurrency gateway. Separately, it has also partnered with Grab to enable cryptocurrency investments for its users.
Featured Image Credit: Fintech News Singapore