Transak, a global provider of fiat-to-crypto infrastructure, has secured $16m in strategic funding to accelerate its growth in the stablecoin payments market.
The investment round was led by Tether and IDG Capital, with backing from Primal Capital, 1kx, Protein Capital, CEiC, KX VC, 3KVC, Genting Ventures, Fuel Ventures and Umami Capital.
Founded to bridge the gap between traditional finance and digital assets, Transak enables users in more than 75 countries to convert between fiat and cryptocurrencies, including stablecoins, via local payment methods, bank transfers, cards and virtual IBANs through a single API. Its services are used by over 450 applications and cater to both retail and institutional clients. The company has processed more than $2bn in transaction volume, with nearly 30% coming from stablecoin flows.
The new funding will be used to expand Transak’s stablecoin payments stack, enhance its compliance and infrastructure capabilities, and scale its operations into new regions. Expansion plans target the Middle East, Latin America and Southeast Asia, complementing its existing regulated operations in the US, UK, EU, Canada, Australia and India.
The firm’s technology integrates regulated fiat on- and off-ramps, virtual bank accounts, real-time liquidity routing and full-stack compliance tooling. This enables wallets, exchanges, FinTech firms and DeFi platforms to provide fiat-to-stablecoin services without managing operational complexity in-house.
Transak CEO and co-founder Sami Start said, “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.”
Tether CEO Paolo Ardoino said, “Transak has built a robust and innovative platform that is making stablecoin access simpler, faster, and more reliable for people around the world. We believe stablecoins are rapidly becoming the backbone of digital payments, offering stability and efficiency that traditional systems often lack. By providing the critical infrastructure needed to support this transformation, Transak is accelerating adoption across both emerging and developed markets, bridging gaps in financial access, and enabling new opportunities for businesses and consumers alike.”
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