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Web3 Startup Transak Raises $20M in Series A Funding Led by CE Innovation Capital

Transak, a web3 payments solutions provider, has raised $20 million in a Series A funding round led by CE Innovation Capital. Other investors included SBI Ven Capital, Sygnum, Azimut, and Third Kind Venture Capital. The company plans to use the funds to scale web3 payments and develop infrastructure solutions, as well as expand its ecosystem through partnerships with leading blockchains. Transak offers a fiat on-/off-ramp infrastructure platform that allows users to buy and sell over 160 cryptocurrencies using various payment methods, and its software developer kit (SDK) can be adapted to multiple platforms and languages.

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