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Total amount raised
$37M
Latest funding date
2026-04-08
Location
Transak has successfully raised funding over four rounds, with notable investors including Tether and Genting Ventures. The platform offers comprehensive fiat on/off ramp solutions for Web3 and crypto applications, supporting 136 cryptocurrencies across 64 countries.
What Is Transak?
Transak, founded in 2018, is a global web3 infrastructure services provider based in Brooklyn, New York. The company specializes in fiat on/off ramp solutions for Web3 and crypto applications, operating within the industries of Cryptocurrency, Financial Services, FinTech, Payments, and Web3.
With a workforce of 101-250 employees, Transak offers a developer integration toolkit that enables users to buy and sell crypto within any app, website, or web plugin. Their services are available in over 75 countries, supporting 136 cryptocurrencies through various payment methods like debit cards and bank transfers.
How Much Funding Has Transak Raised?
- Pre-Seed Round
- Amount Raised: USD 150,000
- Date: March 2020
- Lead Investors: Tachyon by ConsenSys Mesh
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial infrastructure and launch the platform through the Tachyon accelerator program.
- Seed Round
- Amount Raised: USD 660,000
- Date: March 2021
- Lead Investors: ConsenSys
- Other Participants: The LAO, IOSG Ventures, LuneX Ventures, Koji Capital, and angel investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team, enhance the platform's capabilities, and grow the India market focus.
- Series A Round
- Amount Raised: USD 20,000,000
- Date: May 2023
- Lead Investors: CE Innovation Capital
- Other Participants: SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings, Zilliqa Capital, Woodstock Fund, IOSG Ventures, KX, Axelar, Tokentus, The LAO, and angel investors Jan Hammer (Index Ventures), Charles Delingpole (ComplyAdvantage), Sandeep Nailwal (Polygon)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and develop onboarding solutions for Web3 games and financial applications.
- Strategic Round
- Amount Raised: USD 16,000,000
- Date: August 2025
- Lead Investors: IDG Capital, Tether
- Other Participants: Primal Capital, 1kx, Protein Capital, CEiC, KX VC, 3KVC, Genting Ventures, Fuel Ventures, Umami Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the stablecoin payments stack and scale operations into the Middle East, Latin America, and Southeast Asia.
- Strategic Round (Series Unknown)
- Amount Raised: Undisclosed
- Date: April 2026
- Lead Investors: Gobi Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand compliant stablecoins and digital asset payments infrastructure across Asia, with a focus on ASEAN markets.
Total Amount Raised: At least USD 36,810,000 based on disclosed funding (pre-seed $150K + seed $660K + Series A $20M + August 2025 strategic $16M; April 2026 round amount undisclosed). Current Valuation: Not publicly disclosed.
Key Investors
- Gobi Partners
- Details: Gobi Partners is a pan-Asian venture capital firm managing over US$2 billion across 20 funds. They led the April 2026 strategic round to support Transak's expansion across Asia, particularly ASEAN markets.
- Investment Focus Areas: Technology, Digital Payments, Blockchain, Fintech
- Notable Investments: Carsome, Traveloka, PatSnap
- IDG Capital
- Details: IDG Capital is a global investment firm with a focus on technology and innovation. They co-led the August 2025 strategic round alongside Tether.
- Investment Focus Areas: Technology, Media, Telecommunications, Healthcare, Consumer Products, Services
- Notable Investments: Xiaomi, Tencent, Meituan-Dianping
- Tether
- Details: Tether is a blockchain-based stablecoin issuer widely used for trading and as a store of value in the crypto market. They co-led the August 2025 strategic round alongside IDG Capital.
- Investment Focus Areas: Blockchain, Cryptocurrency, Financial Services
- Notable Investments: Bitfinex, Celsius Network
- CE Innovation Capital
- Details: CE Innovation Capital is a venture capital firm that focuses on early-stage investments in pioneering companies. They led the Series A funding round for Transak in May 2023.
- Investment Focus Areas: FinTech, InsurTech, RegTech, WealthTech
- Notable Investments: Airwallex, WeLab, FinAccel
- ConsenSys
- Details: ConsenSys is a blockchain technology company that develops decentralized software services and applications. They led Transak's seed round and are a key player in the Ethereum ecosystem.
- Investment Focus Areas: Blockchain, Decentralized Applications, Ethereum Ecosystem
- Notable Investments: MetaMask, Infura, Truffle
- IOSG Ventures
- Details: IOSG Ventures is a venture capital firm that invests in blockchain and decentralized technologies. They participated in both the seed round and the Series A.
- Investment Focus Areas: Blockchain, DeFi, Web3, Infrastructure
- Notable Investments: Polkadot, NEAR Protocol, 1inch
What's Next for Transak?
Transak is poised for significant growth as it expands its global reach and enhances its onboarding solutions. With a focus on Web3 games and financial applications, the company aims to simplify the process of buying and selling crypto assets, making it easier for Web2 users to transition to Web3. The recent $20 million Series A funding will support these initiatives, allowing Transak to tap into new markets in the Middle East, Southeast Asia, and other Asia Pacific regions.
Future fundraising opportunities appear promising as Transak continues to develop new products and secure additional regulatory licenses. The company's ability to attract substantial investment indicates strong confidence in its growth potential. However, navigating complex regulatory environments and ensuring robust security measures will be critical challenges. As the Web3 ecosystem evolves, Transak's strategic focus on user experience and compliance will be key to its success.
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