Transak
Transak is a financial technology company specializing in enabling seamless access to Web3, the decentralized internet. The platform allows users to utilize traditional payment methods, including debit and credit cards, bank transfers, and various local payment systems, to facilitate transactions and interact with Web3 ecosystems.[1]
| Company type | Publicly traded (Private) |
|---|---|
| Industry | Fintech, Cryptocurrency |
| Founded | 2019 |
| Founder | Sami Start, Yeshu Agarwal |
| Website | https://transak.com/ |
History
changeTransak was started in 2019 by Sami Start and Yeshu Agarwal, who met at a networking event and decided to create easier ways to use Web3. They began in a small apartment in New York and later grew the company worldwide.[2] In 2019, Transak launched a service to help people change cryptocurrency into regular money.[3] The company later partnered with Visa to expand its services to 145 countries. In 2023, Transak raised $20 million in funding.[4]
In 2023, Transak worked with Immutable to make payments easier for Web3 games.[5] In 2024, the company partnered with Uniswap Wallet to let people buy crypto directly using Apple Pay, Google Pay, and credit/debit cards.[6][7] In 2024, it teamed up with Sony’s blockchain project, Soneium, to make Web3 payments simpler for gaming.[8][9] Transak also worked with Sequence in 2024 to let people buy NFTs and digital items with their local money.[10] Later in 2024, Transak joined Zerion Wallet to offer free onboarding to the Zero Network for a limited time.[11] In the same year, Transak got licenses in Canada and parts of the U.S. to operate legally.[12][13] Transak became a payment partner for Lamborghini’s NFT projects.[14][15]
References
change- ↑ "Decoding Transak's Success: An Exclusive Interview with Co-Founder Yeshu Agarwal | HackerNoon". hackernoon.com. Retrieved 2025-01-07.
- ↑ Zhelev, Ivan. "Interview with Transak Co-Founder, Yeshu Agarwal on Simplifying Crypto Transactions — EthCC Brussels". blockster.com. Retrieved 2025-01-07.
- ↑ "Transak launches full suite of services in India". www.indiantelevision.com. 2022-03-01. Retrieved 2025-01-07.
- ↑ "Web3 Payments Firm Transak Raises $20M". CoinDesk. Retrieved 2025-01-07.
- ↑ "Immutable Integrates Transak for Seamless Transactions Web3 Games". www.binance.com. Retrieved 2025-01-07.
- ↑ "Uniswap Wallet Partners Transak for Smooth Crypto Purchases". www.cryptotimes.io. 2024-07-02. Retrieved 2025-01-07.
- ↑ "Uniswap Wallet Integrates Transak To Enable Direct Fiat-Crypto Transactions". Binance Square. Retrieved 2025-01-07.
- ↑ "Sony blockchain Soneium partners with Transak for global fiat on-ramp services". The Block. Retrieved 2025-01-07.
- ↑ Nguyen, Vivian (2024-08-29). "Soneium integrates Transak to boost web3 payments and mainstream adoption". Crypto Briefing. Retrieved 2025-01-07.
- ↑ Jenz (2024-10-01). "Sequence Partners with Transak to Simplify NFT Purchases". NFT Plazas. Retrieved 2025-01-07.
- ↑ Yadlos, Lidia. "Transak Joins Forces with Zerion Wallet to Power Zero-Fee Onboarding for ZERϴ Network". blockster.com. Retrieved 2025-01-07.
- ↑ "Transak Secures Dual Licenses in Canada and Delaware for Crypto Access". Financial and Business News | Finance Magnates. 2024-11-01. Retrieved 2025-01-07.
- ↑ "Transak gains Delaware Money Transmitter License and FINTRAC registration". Finextra Research. 2024-11-01. Retrieved 2025-01-07.
- ↑ Pannone, Alessia (2024-11-07). "Lamborghini launches the mint of the NFT 'Revuelto'". The Cryptonomist. Retrieved 2025-01-07.
- ↑ Hassan, Bilal (2024-11-03). "Transak Expands Presence in Canada with FINTRAC Registration". Live Bitcoin News. Retrieved 2025-01-07.