[Funding alert] Fiat-to-crypto gateway Transak raises $660K in seed round, expands India focus
The company is looking to expand its operations, partnerships, and work base in India, and will use the amount raised to hire more engineers and expand its team in the country.
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Transak has announced that it has raised funding of
$660,000 (approx Rs 4.8 crore) in a seed round led by Consensys, The Lao, IOSG, Lunex, Koji Capital, and other angel investors.
Transak is a fiat-to-crypto payment gateway that
streamlines the process of buying and selling cryptocurrency, allowing both mainstream users and businesses to access crypto and blockchain. It allows users to use their fiat currency to buy cryptocurrencies and vice-versa, acting as both an on-ramp for applications.