Transak raises $16M in a Strategic funding round

#Transak secures $16M in a Strategic funding round co-led by IDG Capital and Tether, with participation from Primal Capital, 1kx, Protein Capital, and Fuel Ventures. Transak will use the funds to grow its stablecoin payments stack and expand into new markets.

Transak is a developer integration that acts as a fiat-to-crypto payment gateway, enabling users to buy and sell cryptocurrencies directly within apps, websites, and web plugins.

👉coindesk.com/business/2025/08/12/transak-raises-usd16m-from-idg-capital-tether-to-scale-stablecoin-payment-network