Transak

Fiat-to-crypto on-ramp and off-ramp provider offering local payment methods in 160+ countries for apps and wallets to integrate crypto purchasing. Backed by CE Innovation Capital, SBI. Regulated in multiple jurisdictions. Powers on-ramps for MetaMask, Ledger, and others.

Transak is one of the top three crypto on-ramps by integration count—its global regulatory compliance and broad payment method coverage make it a key gateway for stablecoin adoption.

transak.com On-Off-Ramps

United Statesprivate

At a glance

Total raised

$36.7M

last round growth

Headcount

51-200

approximate · public range

Headquarters

Delaware

United States

Founded

2019

7 years active

Status

Private

On-Off-Ramps

Subsector

On-Off-Ramps

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Funding history

Total raised

$36.7M

Rounds tracked

Latest stage

Growth

Date	Stage	Amount	Valuation	Lead investors
Aug 12, 2025	Growth	$16M	—	Tether, IDG Capital
May 30, 2023	Series A	$20M	—	CE Innovation Capital
Mar 16, 2021	Seed	$660K	—	ConsenSys, The LAO, IOSG Ventures, LuneX Ventures, Koji Capital

Founder backgrounds

Sami Start

Co-founder & CEO

Co-founded Transak in 2019 alongside Yeshu Agarwal, building the company from an on-ramp widget into a fiat-to-crypto infrastructure layer now serving 160+ countries. Prior to Transak, worked as a software engineer at Housing.com and spent time building in the blockchain space. Holds a B.Tech in Computer Science from Manipal Institute of Technology. Publicly advocates for regulatory clarity in crypto and positions Transak as a compliance-first onboarding rail — a posture that has helped the company secure partnerships with major wallets and platforms like MetaMask and Polygon.

Yeshu Agarwal

Co-founder & CTO

Prior to co-founding Transak in 2019, worked as a Senior Software Engineer at HackerRank (2016–2019), preceded by a Software Engineering role at Directi. Holds a B.Tech in Computer Science from the International Institute of Information Technology, Bangalore (IIIT-B). The on-ramp and off-ramp infrastructure Transak builds — now serving 160+ countries — reflects a focus on practical, developer-oriented integrations that grew from firsthand experience building scalable platforms.

AI bull / bear

Bull case

Tether's decision to lead Transak's $16 million growth round in August 2025 is a strategic endorsement that goes far beyond capital. As the dominant stablecoin issuer, Tether stands to route enormous USDT volume through Transak's rails, creating a structural advantage no competitor can easily replicate. This isn't just an investment — it's a distribution partnership with the largest liquidity pool in crypto. Transak's integration roster — MetaMask, Ledger, and other top-tier wallets — gives it irreplaceable surface area. Once embedded in a wallet's UX, switching costs are high. Combined with local payment method coverage across 160-plus countries and multi-jurisdictional regulatory licensing, Transak has built a compliance-and-coverage moat that takes years to replicate. As stablecoin adoption accelerates in emerging markets where local payment rails matter most, Transak's early investment in that infrastructure compounds. The incumbency advantage in the top three on-ramps by integration count is real, and the Tether relationship deepens it.

Bear case

The on-ramp sector is a fee-compression race to the bottom, and Transak's $37 million total raise is modest against competitors like MoonPay, which has raised significantly more. In a commoditizing market where users increasingly choose the cheapest quote, Transak risks being outspent on both compliance infrastructure and margin subsidies to retain integrations. The Tether investment may also backfire: regulators already scrutinizing stablecoin issuers could view a major issuer owning part of the on-ramp plumbing as a concentration of control that invites intervention. Customer concentration is acute. MetaMask and Ledger represent enormous share of volume, and both have the resources and incentive to build or acquire their own on-ramp capabilities, cutting Transak out entirely. Meanwhile, the absence of recent news flow — no new partnerships, product launches, or regulatory wins in the last 30 days — raises questions about momentum. Competitors are shipping features and locking in exclusives. If Transak is consolidating rather than expanding, it cedes ground in a market that does not reward standing still.

Generated by deepseek-v4-pro · May 2, 2026Refreshes quarterly · see disclosures

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Transak · last 30 days

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Leadership

Sami Start

Co-founder & CEO

Yeshu Agarwal

Co-founder & CTO

Products

Transak On-Ramp
A fiat-to-crypto on-ramp that enables users to buy cryptocurrencies directly using local payment methods across 160+ countries. It supports 100+ cryptocurrencies and integrates with wallets, dApps, and exchanges via a simple API. Differentiators include support for payment methods like UPI (India), GCash (Philippines), PayID (Australia), Pix (Brazil), and bank transfers alongside traditional credit/debit cards, with built-in KYC compliance.
Transak Off-Ramp
A crypto-to-fiat off-ramp that allows users to sell cryptocurrencies and withdraw funds to their local bank accounts or preferred payment methods. It supports conversion back to fiat in 160+ countries with settlement via local payment rails. The product is designed for wallets, exchanges, and DeFi platforms to offer a complete fiat gateway experience, enabling users to exit crypto positions seamlessly.
Transak NFT Checkout
A specialized checkout solution that lets users purchase NFTs using fiat currency without needing to own crypto upfront. Integrated directly into NFT marketplaces and platforms, it handles the full flow from fiat payment to NFT delivery, abstracting away gas fees and blockchain complexity. This opens NFT access to mainstream users who don't already hold cryptocurrency.

Open roles

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