Transak
“Can Transak become the universal compliance and liquidity layer that any financial application plugs into to instantly offer fiat-to-crypto and stablecoin payment rails globally?”
Founded2019
HQMiami, FL, USA (252 Northwest 29th Street, 9th Floor, Miami, FL 33127)
Latest roundLater Stage VC
IndustryFintech / Crypto
The story
Founded in 2019 as a simple crypto on-ramp widget, Transak evolved into a full-stack crypto payment rail and infrastructure provider serving wallets, DApps, and fintechs. The company expanded beyond a widget into white-label APIs, virtual account payments, headless card flows, and stablecoin-powered remittance corridors. By 2025 it repositioned as 'the crypto payment rail for any financial application,' offering compliance, KYC, liquidity, and payment infrastructure as embedded services for B2B partners — processing $2B+ in volume.
Last 12 months
Product timeline
2019
Transak founded as a developer integration toolkit for buying and selling cryptocurrency via widget.· pivot
2023
Scaled to 600+ app integrations and 10 million+ users across on-ramp/off-ramp services.· banking
2025
Launched remittance product using stablecoin (USDC/USDT) rails covering 63+ countries with local fiat in/out.· banking
2025
Strategic agreement with Cross River Bank to facilitate fiat payment processing including ACH, wire, RTP, and FedNow.· banking
2025
Partnered in MetaMask USD (mUSD) stablecoin launch alongside Stripe's Bridge and M0 protocol.· banking
2025
Expanded product suite to include Virtual Account Payments, Headless Cards & Apple Pay, and white-label APIs.· card
Regulated entities
2
regulatory licences held by Transak
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Transak’s embedded-finance stack
Banking / BaaS
in the full report
Sponsor bank
in the full report
Crypto
in the full report
Accounting gap: none
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.