The web3 payment company Transak collects $ 20 million in the series A round
The web3 payment company Transak collects $ 20 million in the series A round
- Transak announced that it collected $ 20 million in a series-A-round listed by CE Innovation Capital.
- The startup also invested investments from SBI Ven Capital, Sygnum and Woodstock Fund.
- Transak, a startup registered at the FCA, plans to use the funds for the further development of onboarding solutions for web3 and crypto.
While risk capital financing for crypto projects cooled down at the end of 2022 and early the year, the ecosystem still attracts significant investments because the mood in the entire industry improves. This is reflected in the latest series-A round for the crypto payment startup transak.
Transak Serie-A rounds worth $ 20 million $
also leading the leading crypto and web3-focused investors, including Animoca Brands, SBI Ven Capital, Sygnum, Zilliqa Capital, Woodstock Fund and iOSG Ventures. The Angel Investors included Jan Hammer from Index Ventures, Sandeep Nailwal from Polygon and Charles Delingpole from Complyadvantage.
Transak, which supports onboarding efforts for Metamask, Coinbase Wallet and AAVE, plans to use the capital injection to offer more end-to-end-on-ending solutions.
Bingze GU, partner at CE Innovation Capital, commented:
" at CEIC we are strategically investing in the further development of the web3 ecosystem. Transak is at the top of this revolution and uses its on & off ramp solution as an effective instrument to attract the next billion web3 users. Your recent initiatives such as Transak One and the NFT checkout offers not only cut the hurdles for the start in Web3 - You define new . “
The platform is registered with the British Financial Conduct Authority (FCA) and recognized as a vasp in Poland. According to information on the website, Transak supports over 160 cryptocurrencies in more than 75 blockchain networks, including Ethereum, BNB Smart Chain, Polygon, Solana and Ziliqa.
The startup also supports 28 local payment methods, including SEPA, Faster Payments, Visa, Astropay, Cash App, Apple Pay and Google Pay.
Source: Coinlist.me
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