Gaming Hardware Giant Razer’s Venture Arm Leads $4 Million Investment In Singapore Crypto Payment Startup

Zventures, the venture arm of Singapore billionaire Min-Liang Tan’s gaming hardware giant Razer, has led a $4 million funding round for TripleA, a crypto payment startup based in Singapore.

“TripleA is a clear leader in crypto payments, an area of interest and relevance to us in the gaming space,” Li Meng Lee, chief strategy officer at Razer, said in a statement. “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.”

Founded in 2017 by its CEO Eric Barbier, TripleA’s service allows companies, such as e-commerce platforms and game developers, to accept payments in cryptocurrencies. In April, Singapore-based footwear and accessories brand Charles & Keith, owned by the billionaire Wong brothers, partnered with TripleA to allow its customers to pay in crypto.

In November 2021, TripleA received a digital payment token license by the Monetary Authority of Singapore, the country’s central bank, becoming the first crypto payments company to be granted such a license in the city-state, according to TripleA.

“This strategic investor partnership with zVentures brings knowledge, connections and consultancy in the gaming sector for TripleA, a key vertical for crypto payments,” said Barbier. Zventures’ other portfolio companies include Hong Kong-based blockchain powerhouse Animoca Brands.

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