How Transak's $16 Million Boost Could Transform Stablecoin Payments

Transak raised $16 million in a funding round led by Tether Holdings and IDG Capital, with participation from several venture firms. The company, founded by Yeshu Agarwal and Sami Start, provides fiat-to-crypto payment infrastructure across 75 countries and is integrated into over 450 digital wallets and platforms. Transak will use the new capital to expand its stablecoin payments stack and enter new markets, focusing on regions where dollar-pegged tokens are used as alternatives to volatile local currencies. The company has processed over $2 billion in transactions, holds regulatory approvals in multiple jurisdictions, and serves both retail and institutional clients.

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