Transak

About

Transak is a Web3 payments infrastructure platform and fiat-to-crypto on-ramp and off-ramp solution created by Sami Start and Yeshu Agarwal. It enables frictionless transfers between traditional currency and digital assets. The platform supports DeFi, NFTs, blockchain apps, and crypto wallets, enabling users to buy and sell Bitcoin directly within these ecosystems. Users can pay with credit or debit cards, bank transfers, Apple Pay, Google Pay, or local payment options, depending on their location. In addition, Transak also places a premium on compliance and security, with entities registered in various countries and regulatory certifications in the United Kingdom and the United States. Key Features of Transak: • SDKs, APIs, and widgets are provided, allowing developers to integrate them into Web3 applications easily. • With a single click, Bitcoin can be converted into different currencies, allowing for fast and efficient transactions. • NFTs can be bought directly through fiat payment options. • Large transactions in Bitcoin can be managed through Transak OTC, providing competitive prices. Transak Milestones: Year Achievements 2019 Company Founded Sami Start and Yeshu Agarwal started Transak to create simple fiat-to-crypto bridges for decentralized applications. From Tachyon, it constructed its initial developer onboarding system. 2021 Seed Expansion Transak raised $660,000 in seed investment and became a significant on-ramp for wallets such as MetaMask and Ledger. 2022 Global Scaling It expanded to accommodate users in over 60 countries and added more local payment alternatives besides credit cards. 2023 Series A Growth CE Innovation Capital sponsored the $20 million Series A investment, which will enable the company to expand in the UAE and APAC areas. 2024 Visa Partnership Transak partnered with Visa Direct to offer real-time off-ramping in over 145 countries, introduced Transak Stream, and extended support for US wire transactions. 2025 Strategic Growth It raised $16 million in a round led by IDG Capital and Tether, secured MTLs in 11 US states, registered in Australia, and crossed 10 million users.

Funding

• Venture Roundtether token1,60,00,00012 Aug 2025
• Series ACE Innovation Capital2,00,00,00030 May 2023

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