We're thrilled to announce that Transak, a leading web3 payments and onboarding infrastructure provider, has raised $20M in a Series A funding round. The round was led by CE Innovation Capital and saw participation from many prominent web3 investors including SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings, Zilliqa Capital, Woodstock Fund, IOSG Ventures, KX, Axelar, Tokentus, and The Lao.

Despite the bear market of 2022, we at Transak remained dedicated to creating innovative solutions for onboarding issues within web3. This focus enabled us to maintain our progress, regardless of market conditions. Below is a summary of some of our key achievements during the year 2022.