Transak Secures $16M to Revolutionize Global Web3 Onboarding Infrastructure

Transak, a leading Web3 onboarding infrastructure provider, is excited to announce its successful funding round, having raised $16,000,000 to accelerate its mission of simplifying crypto asset transactions for users around the globe. This strategic infusion of capital will empower Transak to further refine its API-driven solutions, which have already revolutionized the way Web3 platforms onboard users to over 180 crypto assets from more than 160 countries. By abstracting away the complexities associated with user KYC, risk monitoring and compliance, payment methods, and customer support, Transak remains committed to providing a seamless and secure user experience that is essential in today’s rapidly evolving digital economy. The newly acquired funds will be invested in enhancing the On/Off-Ramp widget, a tool that developers can integrate into their applications with just a few lines of code. This integration ease not only accelerates the time-to-market for startups and established platforms alike but also ensures compliance with global regulatory standards. With strong support from top venture capitals such as Consensys and Animoca Brands, and having graduated from the Tachyon accelerator program, Transak is well-positioned to push the boundaries of what is possible in Web3 infrastructure. As the company continues to innovate and expand its services, this funding milestone marks a significant step forward in transforming the crypto industry by making digital asset adoption more accessible, secure, and user-centric. With fresh capital fueling its expansion plans, Transak is on track to deliver even more robust and scalable solutions that will meet the evolving demands of a global audience and further cement its reputation as a key enabler of the decentralized future.