Companies news

TripleA Raises US$4 Million in Funding From Razer’s zVentures

Singapore, 16 June, 2022

Crypto payments firm TripleA announced that it has secured US$4 million in funding from Razer’s corporate ventures arm, zVentures.

Eric Barbier, Founder, and CEO of TripleA shares that “this strategic investor partnership with zVentures brings knowledge, connections and consultancy in the gaming sector for TripleA, a key vertical for crypto payments.

Right now, there is immense potential for crypto firms to become more involved in the gaming industry.

According to a survey conducted by World Asset eXchange, 80 percent of gamers are interested in using cryptocurrency to make transactions within gaming.

Through zVentures, we are always on the lookout for market-leading, early-stage companies such as TripleA, to nurture and support them. 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.”

said Li Meng Lee, Chief Strategy Officer at Razer.

TripleA was granted a Digital Payment Token license from the Monetary Authority of Singapore (MAS) in November 2021 allowing the company to provide end-to-end cryptocurrency payment services for businesses.

SOURCE: Fintechnews Singapore 


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