Fiat-to-Crypto gateway Transak has raised ₹4.8 crore. The funds raised will be utilized to expand India focus.
The seed round saw participation from The Lao, Lunex, Koji Capital, Consensys, IOSG along with other angel investors.
Co-Founders of Transak – Sami Start & Yeshu Agarwal said, “The Indian blockchain market is growing rapidly and needs on and off-ramps to make the crypto world accessible to all. The company is excited to acquire fresh Indian talent which is known to be exceptional across the globe and are dedicated to building a strong team in the country to take over the Indian operations. We are highly motivated to ease the friction in the global crypto market and take decentralized finance mainstream.”
Transak is a developer integration for a fiat-to-crypto payment gateway. This solves the problem of allowing mainstream people and businesses to access crypto and blockchain. It does this by integrating local compliance, payment methods, and liquidity from around the world. Transak is backed by Consensys, The LAO, Lunex, and Koji Capital.
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