Transak, the startup that offers payment services for Web3, came out of the fund tour with an investment of 20 million dollars.
Transak’s investment will help create onboarding solutions to facilitate interaction with Web3 games, financial applications and Web3 projects in general.
Transak Leaves Investment Round with 20 Million Dollars
Transak offers payment and onboarding infrastructure to enable users to buy and sell crypto assets in a more user-friendly way for Web2 users.
Transak aims to provide users with a smoother experience on Web3 platforms by managing issues such as KYC requirements, risk monitoring and compliance, payment methods and customer support.
The company’s suite of products provides entry and exit ramps, making it possible to convert fiat to and from crypto to fiat. It also facilitates the transition from fiat to smart contracts with a solution called Transak One and supports NFT control.
Transak supports access to 160+ cryptocurrencies on 75+ Blockchains from 150+ countries. Customers using the company’s solutions include crypto wallets such as MetaMask and Coinbase Wallet, and open-source liquidity protocols such as Aave. Transak is a crypto asset firm registered with the UK Financial Conduct Authority (FCA) and is recognized as a virtual asset service provider (VASP) in Poland. The company plans to obtain licenses and maintain a presence in the Middle East, Asia-Pacific and other regions.
