Transak raises £16.2m in a Series A round led by CE Innovation Capital to scale its onboarding infrastructure
The Miami based web3 payments provider secured backing from a broad syndicate including institutional funds and angel investors.
Transak provides web3 payments and onboarding infrastructure, helping developers connect traditional finance with crypto assets. The platform supports transactions across numerous countries and blockchains.
Transak has secured £16.2m in a Series A financing round led by CE Innovation Capital. The capital injection drew participation from a broad group of backers, including SBI Ven Capital, Sygnum, Animoca Brands, and Index Ventures partner Jan Hammer, among others.
The funds will be directed towards enhancing the company global coverage and furthering product development for its onboarding solutions, particularly targeting web3 games and financial applications. The raise underscores the company resilience amid testing market conditions.
The firm has expanded its product suite beyond its initial on ramp offering to include off ramp services, Transak One, and dedicated fiat to NFT checkout solutions. Operating across multiple jurisdictions, the business maintains a focus on regulatory compliance and international expansion.
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
CE Innovation Capital
SBI Ven Capital
Sygnum
Azimut
Third Kind Venture Capital
UOB Venture Management
Signum Capital
Animoca Brands
Genting Ventures
Istari Ventures
No Limit Holdings
Woodstock Fund
IOSG Ventures
KX
Axelar
Tokentus
The Lao
Index Ventures
ComplyAdvantage
Polygon
Categories
About the company
Transak
Transak provides payment and onboarding infrastructure for web3 applications.