News Explorer — Transak Raises $20 Million to Facilitate Web2-to-Web3, Fiat-to-Crypto Payments

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May 30, 7:15 pm

Coindesk

Transak Raises $20 Million to Facilitate Web2-to-Web3, Fiat-to-Crypto Payments

Web3 payments startup Transak has raised $20 million in a Series A funding round to support global expansion and build onboarding solutions for Web3 games and financial applications. A growing number of infrastructure projects aim to improve the user experience for Web2 users transitioning to Web3. Transak provides KYC requirements, risk monitoring, payment methods, customer support, and on- and off-ramps for fiat-crypto transactions.

Web3 payments startup Transak has raised $20 million in a Series A funding round to support global expansion and build onboarding solutions for Web3 games and financial applications. A growing number of infrastructure projects aim to improve the user experience for Web2 users transitioning to Web3. Transak provides KYC requirements, risk monitoring, payment methods, customer support, and on- and off-ramps for fiat-crypto transactions.

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