Transak Secures $16 Million in Funding on August 12, 2025

According to media reports, Transak secured $16 million in funding on August 12, 2025. Investors in this round include IDG Capital, Tether, 1kx, Primal Capital, Protein Capital, and Fuel Ventures. With this round, Transak’s total funding has reached $36.66 million.Transak is an integrated platform that provides fiat-to-crypto on-ramp and off-ramp solutions for applications. The platform supports over 130 crypto assets through API-driven fiat payment methods, streamlining complex processes such as user KYC, risk monitoring, compliance, payment methods, and customer support. Developers can integrate Transak’s modules into their applications with just a few lines of code.In terms of its funding history, Transak completed a $660,000 seed round in March 2021 and a $20 million Series A in May 2023. This latest round marks another significant milestone in its ongoing development. The series of funding rounds reflects strong investor confidence in the crypto payments infrastructure sector. As the cryptocurrency industry continues to evolve, simple and user-friendly fiat-to-crypto conversion solutions are expected to play an increasingly important role, positioning Transak as a key player in this field.