Transak, a global enabler of fiat-to-crypto infrastructure, has raised $16 million in strategic funding to expand its stablecoin payments stack and scale operations across new markets.
The round was led by Tether and IDG Capital, “with participation from Primal Capital, 1kx, Protein Capital, CEiC, KX VC, 3KVC, Genting Ventures, Fuel Ventures and Umami Capital.”
With stablecoins becoming the transaction layer of the internet, “powering remittances, payments, savings, and cross-border commerce, the next phase of adoption depends on compliant, localized, and developer-friendly infrastructure.”
Transak claims that it is at the center of this shift.
Sami Start, Co-Founder and CEO of Transak:
“Stablecoins are no longer just a crypto asset. They are now the rails for global value transfer. But making them usable at scale requires more than just liquidity. It takes real infrastructure: compliance systems, KYC, fraud prevention, banking partnerships, and deep crypto market knowledge. That’s exactly what we’ve built, and this round helps us scale it globally.”
Leveraged by over 450 applications, Transak enables users in “more than 75 countries to move between fiat and stablecoins through local payment methods, bank transfers, cards, and virtual IBANs, all via a single API.”
The company has processed over “$2 billion in transaction volume, with nearly 30 percent coming from stablecoin flows, and supports both retail and institutional use cases.”
Transak’s platform combines “regulated fiat on and off ramps, virtual bank accounts, real-time liquidity routing, and full-stack compliance tooling.”
This allows any app, whether a “wallet, exchange, fintech, or DeFi platform, to offer seamless fiat to stablecoin conversion without handling the operational complexity themselves.”
The company holds regulatory approvals in key jurisdictions “including the United States, United Kingdom, European Union, Canada, Australia, and India. Expansion into the Middle East, Latin America, and Southeast Asia is actively underway.”
Financial Technology Partners (FT Partners) served “as Transak’s exclusive financial and strategic advisor on this transaction, supporting the company through a strategic and highly selective raise.”
As noted in the update, Transak is the payments infrastructure “for stablecoins and crypto.”
With its Virtual Account APIs and compliance-ready rails, Transak enables apps to “onboard users, facilitate cross-border payments, and support multi-party payment flows, natively within their platforms.”
Integrated by 450+ apps and used by over 10 million users globally, Transak powers fiat-to-crypto and crypto-to-fiat transactions “through bank transfers, cards, local payment methods, and stablecoins.”
Transak operates globally, with “a base in Miami and offices in London, Bengaluru, Dubai, and Hong Kong.”