Web3 payment and fiat currency aggregator Transak has completed a US$20 million Series A financing round, led by CE Innovation Capital, with participation from SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings, Woodstock Fund, IOSG Ventures, KX, Axelar, Tokentus and The Lao.
In addition, the round also attracted investments from many leading web3 figures and angel investors, such as Jan Hammer of Index Ventures, Charles Delingpole of ComplyAdvantage, and Sandeep Nailwal of Polygon. With this financing, Transak will strengthen its global coverage and enhance the development of its onboarding solutions, with a special focus on web3 games and financial applications. (Tech Funding News)