Transak Secures $16M to Advance Stablecoin Infrastructure
Deal News | Aug 12, 2025 | SBI Ven Capital Pte Ltd
Transak, a leader in fiat-to-crypto infrastructure, has successfully raised $16 million in a strategic funding round led by Tether and IDG Capital. Aiming to expand its stablecoin payments capabilities globally, the funding will be instrumental in scaling operations into new markets. Notably, other significant investors participated in this round, including Primal Capital, 1kx, and Protein Capital. The appeal of stablecoins as a transaction layer for various financial activities such as remittances and cross-border commerce continues to grow. Transak's platform simplifies this through APIs for fiat and stablecoin conversion, supporting over 450 apps and benefiting users across more than 75 countries. The strategic funding will help Transak advance its compliant infrastructure, bolster market penetration, and support the increasing adoption of stablecoins. Financial Technology Partners served as Transak's advisor in the transaction.
Sectors
- Fintech
- Cryptocurrency
- Blockchain
Geography
- United States – Transak holds regulatory approvals and operates in the US, reflecting its significant market presence.
- United Kingdom – Transak is regulatory-approved in the UK, indicating a strong market foothold in Europe.
- Australia – The article notes operations and regulatory approvals in Australia as part of Transak's global strategy.
- India – Transak has offices in Bengaluru, India, indicating a targeted market strategy in Asia.
- Global – Transak’s expansion strategy involves key global markets across several continents, including emerging market regions like Latin America and Southeast Asia.
Industry
- Fintech – Transak's operations revolve around financial technology, providing fiat-to-crypto solutions and blockchain services through their platform.
- Cryptocurrency – The funding aims to enhance infrastructure for stablecoin transactions, which are a critical component of the cryptocurrency ecosystem.
- Blockchain – Transak’s services rely heavily on blockchain technology for enabling secure and compliant transactions between fiat and cryptocurrencies.
Financials
- $16,000,000 – Total amount raised in the strategic funding round to expand Transak's operations and infrastructure.
- $2,000,000,000 – The total transaction volume processed by Transak, indicating significant market engagement and operational scale.
- 30% – Proportion of transaction volumes attributed to stablecoin flows, emphasizing the importance of stablecoins in Transak’s operations.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Transak | Target Company | Company | A leading provider of fiat-to-crypto infrastructure specializing in stablecoin payments. |
| Tether | Investor | Company | A major investor in Transak, leading the $16 million funding round. |
| IDG Capital | Investor | Company | Co-led the strategic funding round investing in Transak. |
| SBI Ven Capital Pte Ltd. | Private Equity Firm | Company | The source providing coverage of the funding round. |
| Financial Technology Partners (FT Partners) | Advisor | Company | Acted as Transak's exclusive financial and strategic advisor during the fundraising transaction. |
| Paolo Ardoino | CEO of Tether | Person | Provided a statement on the transformative role of Transak's platform. |
| Sami Start | Co-Founder and CEO of Transak | Person | Commented on the significance of the funding round and Transak's strategic direction. |