Gaming Hardware Giant Razer’s Venture Arm Leads $4 Million Investment In Singapore Crypto Payment Startup
TripleA founder and CEO Eric Barbier.
Zventures, the enterprise arm of Singapore billionaire Min-Liang Tan’s gaming components large Razer, has led a $4 million funding spherical for TripleA, a crypto payment startup based mostly in Singapore.
“TripleA is a distinct chief in crypto payments, an region of interest and relevance to us in the gaming space,” Li Meng Lee, chief strategy officer at Razer, said in a statement. “We appear forward to this strategic partnership with them, accelerating their growth and adoption by leveraging on our current ecosystem of hardware, software program and services.”
Established in 2017 by its CEO Eric Barbier, TripleA’s provider makes it possible for providers, these as e-commerce platforms and game developers, to settle for payments in cryptocurrencies. In April, Singapore-dependent footwear and equipment model Charles & Keith, owned by the billionaire Wong brothers, partnered with TripleA to permit its consumers to shell out in crypto.
In November 2021, TripleA received a electronic payment token license by the Financial Authority of Singapore, the country’s central lender, becoming the 1st crypto payments company to be granted these a license in the metropolis-condition, in accordance to TripleA.
“This strategic investor partnership with zVentures delivers awareness, connections and consultancy in the gaming sector for TripleA, a important vertical for crypto payments,” reported Barbier. Zventures’ other portfolio companies include things like Hong Kong-primarily based blockchain powerhouse Animoca Brand names.
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