Transak
- Company typePrivate
- Founded2019
- HeadquartersMiami, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Transak does
Transak is a global web3 payment and onboarding infrastructure provider founded in 2019 and headquartered in Miami (with operating entities across the US, UK, Canada, Poland, Austria, India, Australia, and Hong Kong). The company sells B2B infrastructure that lets platforms embed fiat-to-crypto and crypto-to-fiat conversions, KYC/AML compliance, virtual account rails, and OTC liquidity through APIs, SDKs, and plug-and-play widgets. Core products include On-Ramp and Off-Ramp services, Transak Stream (virtual IBAN accounts for instant stablecoin settlements), NFT Checkout, OTC desk, and Multi-Level KYC (Lite, Standard, Enhanced) with Auth and KYC Reliance features integrated via Sumsub. Coverage spans 136+ cryptocurrencies across 45+ networks in 64+ countries, with 21+ regulatory approvals including US state MTLs (19 states), UK FCA, Polish VASP, Australian AUSTRAC, Canadian FINTRAC, and Indian FIU-India registrations.
Transak serves a horizontal customer base of crypto wallets (MetaMask as exclusive stablecoin on-ramp partner since 2021, Coinbase Wallet, Trust Wallet, Phantom, Ledger), exchanges (Uniswap, BitPay, Binance.US, Bitget), neobanks (Revolut, MiniPay via Opera), remittance apps, NFT marketplaces (Immutable, Decentraland, Splinterlands), blockchain networks (Canton, MegaETH, Monad, Sony Soneium), and payment networks (Visa Direct, Mastercard Crypto Partner Program, Fireblocks Network). Distribution is layered: self-serve widget for SMB developers, white-label API and direct API for enterprise, OTC desk for institutional and HNWIs (minimum $5,000 trades), and channel partnerships with Fireblocks, Visa, and Mastercard.
Revenue is approximately 85% transaction fees at a 1-5.5% take rate that varies by payment rail (cards higher, bank transfers lower), supplemented by volume discounts, multi-product discounts, OTC fees, and white-label API licensing. The company has raised $36M disclosed ($20M Series A in 2022, $16M strategic round in August 2025 co-led by Tether and IDG Capital) and is privately held. Notable risks include a June 2026 Enforcement Directorate investigation in India under FEMA alleging unauthorized cross-border crypto transactions exceeding Rs 2,500 crore, which has resulted in approximately Rs 6 crore of frozen bank accounts at the Indian subsidiary.
Transak firmographics
Firmographics- Name
- Transak
- Legal name
- Transak Inc
- Website
- https://transak.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Transak industry classification
Industry- Product category
- Crypto Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Crypto Payment Gateways & Checkout APIs (FSADAIAA)
Keywords
Where Transak is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
Transak business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees: Approximately 85% of revenue comes from transaction fees ranging between 1% and 5.5%, varying by payment rail. Card payments command higher margins while local bank transfers offer lower costs to drive volume. This is the primary revenue stream.
- Volume Discounts: Customized rates for platforms based on volume, exclusive integration discounts, and multi-product discounts for partners using multiple Transak services.
- OTC Trading Fees: Transparent, volume-based fees for over-the-counter large block trades. Users can check exact fees using an online calculator. Minimum trade size of $5,000.
- API/SDK Licensing: White-label API access for platforms embedding Transak infrastructure. Includes compliance-ready payment infrastructure through widget or full API integration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction fees based on payment rail |
| Transaction based/ take rate | Pay-as-you-go | Volume-based pricing for platforms |
| Transaction based/ take rate | Pay-as-you-go | OTC trading minimum and fees |
| Unit Pricing | Pay-as-you-go | NFT Checkout transaction limits |
Go-to-market motion3 records
Distribution channels8 records
Marketing channels8 records
Transak product offering
Product offeringCore offering
Transak provides fiat-to-crypto and crypto-to-fiat payment infrastructure through APIs, SDKs, and widget solutions. Its platform enables wallets, exchanges, neobanks, remittance apps, and fintech platforms to embed compliant on/off-ramps supporting 136+ cryptocurrencies across 45+ networks in 64+ countries, with built-in KYC/AML, fraud monitoring, liquidity aggregation, and virtual IBAN-based stablecoin settlement rails.
Product overview
Transak is a global web3 infrastructure services provider offering a modular platform of payment rails for fiat-to-crypto and crypto-to-fiat conversions. The core product suite comprises On-Ramp and Off-Ramp services for buying and selling cryptocurrencies, supplemented by Virtual Account Payments (Transak Stream) for instant stablecoin settlements via virtual IBANs. Additional products include NFT Checkout for NFT marketplace payments, OTC trading for large-volume institutional trades, and White-Label APIs/Widget for developer integration. The platform differentiates through compliance features including Multi-Level KYC (Lite, Standard, Enhanced), Auth Reliance, and KYC Reliance via Sumsub. Transak supports 136+ cryptocurrencies across 45+ blockchains in 64+ countries, integrated into 600+ applications and serving 10 million users globally.
Differentiator
Problem solved
Functional benefit
Products and services
- On-Ramp Fiat-to-crypto payment infrastructure supporting 136+ cryptocurrencies across 45+ networks in 64+ countries; enables wallets, exchanges, and fintech platforms to embed compliant purchase flows.
- Off-Ramp Crypto-to-fiat conversion infrastructure allowing users to sell digital assets and receive local currency in bank accounts; supports 27+ fiat currencies with multiple withdrawal methods.
- Virtual Account Payments (Transak Stream) Named virtual bank accounts (IBANs) for instant on-ramp settlements and dedicated wallet addresses for instant off-ramp settlements; inbound wires auto-credit as USDC, USDT, or any supported token, enabling stablecoin rails for neobanks and fintechs.
- NFT Checkout NFT payment solution enabling credit/debit card, Apple Pay, and Google Pay purchases of NFTs with 95% approval rate, transaction limits from $0.01 to $75,000, 100% chargeback protection, and multi-chain support including all EVM-compatible chains.
- OTC (Over-the-Counter) Desk Over-the-counter trading service for institutional investors, HNWIs, and professional traders; minimum trade size $5,000, liquidity sourced from 10+ exchanges and mint accounts, dedicated account manager, 48-hour onboarding, same-day settlement.
- White-Label APIs Developer APIs enabling platforms to embed Transak's payment infrastructure with full control over UI/UX, supporting Auth Reliance, KYC Reliance via Sumsub, webhooks, and WebSockets.
- Widget Plug-and-play on-ramp and off-ramp widget with pre-built compliant UI, customizable themes via query parameters, Web SDK + Mobile WebView support.
- Corporate On/Off Ramp Business-focused on/off ramp supporting transactions up to $5 million per transaction, enabling HNIs and businesses to begin compliant crypto transactions within 24 hours across EU, UK, and US.
- Transak Stream API Modular APIs for neobanks, marketplaces, and fintechs to embed stablecoin payment infrastructure including compliance, conversion, routing, and settlement.
Quantifiable outcome
- Stablecoin transaction volumes reaching $1.78 trillion in February 2026, up 74% year-over-year, creating massive market opportunity for compliant infrastructure providers
- +7 more outcomes
Companies that use Transak
Customer profileNamed customers20 records
Segments8 records
Ideal customer profiles5 records
Transak technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration25 records
Feature8 records
Transak partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core.
- Consensys (MetaMask)coreIntegration of Societe Generale's USD CoinVertible (USDCV) stablecoin into MetaMask wallet. Transak handles fiat-to-stablecoin conversions as the on-ramp provider, enabling MetaMask users to convert between fiat and stablecoins, trade, access DeFi, and pay gas fees.
- MetaMaskcoreMetaMask's exclusive stablecoin on-ramp partner since 2021. Powers 1:1 stablecoin deposits via white-label APIs. Achieved 10x transaction volume growth and 59% repeat user rate.
- Mastercard Crypto Partner ProgramcoreTransak joined Mastercard's global initiative with 100+ crypto-native companies, payments providers, and financial institutions to integrate digital assets with established card rails and global commerce flows.
- Cross River BankcorePartnership to enhance fiat-to-crypto and crypto-to-fiat transactions through integrated payment solutions. Collaboration aims to improve transaction speed, reliability, and compliance for crypto onboarding and cross-border payments.
- FireblockscoreJoined Fireblocks Network for Payments as one of the first payment providers. Enables fintechs and financial institutions to access Transak's fiat-to-stablecoin rails through Fireblocks' network of 2,400+ participants. Provides compliance-ready infrastructure covering 64+ countries.
- Coinbase WalletcoreTransak's payment infrastructure has significantly enhanced Coinbase Wallet, especially in SEA and APAC, by enabling seamless crypto transactions with diverse payment methods.
- LedgercoreIntegrated into Ledger Live enabling users to seamlessly buy crypto with direct delivery to secure Ledger hardware wallets. Makes crypto easy and secure.
- BitPaycoreProvides flexible crypto purchase avenues with payment limits up to $75,000 per transaction, an incredible advantage to BitPay's volumes.
- Trust WalletcoreFiat on-ramp and off-ramp services with multi-chain support integrated into Trust Wallet.
- PhantomcoreWallet integration for fiat-to-crypto and stablecoin services.
- MiniPaycoreOpera browser's stablecoin wallet powered by Transak. Achieved 10x transaction volume growth over 12 months with 59% repeat user rate and 2.5x conversion rate improvement.
- VisacorePartnership through Visa Direct enables global crypto withdrawals via Visa rails. Transak joined Visa Direct to streamline crypto-to-fiat conversion. Visa states Transak delivers faster, simpler, and more connected experience for users.
- MastercardcorePartnership through Mastercard Crypto Partner Program (100+ crypto-native companies) for stablecoin settlement and integration with Mastercard payment infrastructure and global commerce flows.
- UniswapcoreFiat on-ramping services for Uniswap Wallet and enabled off-ramp functionality. Transak ensures user-friendly onboarding experience for those new to DeFi.
- Canton NetworkcoreTransak's integration expanded fiat accessibility for institutional users on Canton Network, which supports $8 trillion in tokenized real-world assets. LayerZero integration enables tokenized asset transfers across 165+ blockchains.
- Sony (Soneium)coreGlobal fiat on-ramp services for Sony's Soneium blockchain, enabling accessible real-time Ethereum for millions worldwide.
- SumsubcoreKYC Reliance integration enables platforms to reuse existing KYC verifications through Sumsub, eliminating duplicate flows and enabling faster user onboarding.
- CirclecoreIntegration for Circle Payments Network (CPN) enabling USDC settlement and brought Circle's EURC stablecoin to 10 million users in MiCA era.
- LedgercoreTapped Transak to power secure crypto-to-fiat withdrawals, enabling Ledger users to convert crypto holdings to fiat currency.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Transak competitors and assessment
Company assessmentDirect peers
- MoonPay: MoonPay is the closest direct competitor to Transak, providing fiat-to-crypto on-ramp APIs/SDKs, NFT checkout, and global payment method coverage for wallets, exchanges, and brands. Highly comparable product surface, target customers, and developer-led GTM.
- Ramp Network: Ramp (formerly Ramp Swaps) provides embedded fiat-to-crypto on-ramp infrastructure via APIs and SDKs, focused on wallets, DeFi, and gaming integrations. Directly competes with Transak in Europe and on stablecoin purchase flows.
- Banxa: Banxa is a regulated fiat-to-crypto payments processor with global licensing and local payment method coverage, serving exchanges and wallets. Closely comparable offering and regulatory approach to Transak.
- Alchemy Pay: Alchemy Pay operates a crypto on-ramp and off-ramp network with global payment method coverage (cards, local bank rails, mobile payments) for merchants and platforms. Directly comparable fiat-crypto infrastructure category.
- BitPay: BitPay is a crypto payment processor offering fiat off-ramps and merchant settlement for crypto. Already a Transak customer; competes on adjacent merchant-crypto payment workflows.
- Zero Hash: Zero Hash provides crypto-as-a-service infrastructure (custody, execution, payments) for fintechs and neobanks to embed trading, staking, and on/off-ramps. Directly comparable B2B rails targeting similar platforms.
Emerging players
- Sardine: Sardine provides fraud and compliance infrastructure for crypto on-ramps and neobanks, with its own payment orchestration offering. Overlaps with Transak on KYC/AML/fraud and increasingly on payment-rail abstraction for fintechs.
Broad incumbents
- Coinbase (Commerce & Wallet On-Ramps): Coinbase operates its own fiat-to-crypto on-ramp, NFT checkout, and Wallet on-ramp as part of a broader exchange and custody platform. Competes with Transak for wallet/exchange integrations while also partnering with it for white-label flows.
- Wyre (historical peer): Wyre was a direct fiat-to-crypto on/off-ramp infrastructure provider before winding down; included as a benchmark reference for the on-ramp infrastructure category that Transak operates in.
Others
- Circle (Payments Network / Mint): Circle operates the USDC/EURC stablecoin rails and Circle Payments Network (CPN). Already a Transak partner; positioning overlaps with Transak's stablecoin settlement thesis at the issuer/clearing layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Transak social profiles
Digital presenceTransak compliance and trust
Trust signalCompliance9 records
Transak financial estimates
Financial estimateRevenue estimate
Valuation estimate
Transak leadership team
Management profileNumber of profiles
Profiles3 records
Transak subsidiaries and ownership
Company hierarchySubsidiaries9 records
Transak funding detail
Funding detailFunding overview
Funding rounds5 records
Investors30 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Transak M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Transak
What does Transak do?
Transak provides fiat-to-crypto and crypto-to-fiat payment infrastructure through APIs, SDKs, and widget solutions. Its platform enables wallets, exchanges, neobanks, remittance apps, and fintech platforms to embed compliant on/off-ramps supporting 136+ cryptocurrencies across 45+ networks in 64+ countries, with built-in KYC/AML, fraud monitoring, liquidity aggregation, and virtual IBAN-based stablecoin settlement rails.
Is Transak a public or private company?
Transak is a private company. It is classified as venture growth investor backed and is currently operating.
When was Transak founded?
Transak was founded in 2019. It employs 101 to 250 people.
Where is Transak based?
Transak is headquartered in Miami, United States, in the North America region.
How does Transak make money?
Four revenue lines are on record. Transaction Fees are the primary driver. The others are volume Discounts, OTC Trading Fees and API/SDK Licensing.
Who are Transak's main competitors?
Direct peers on record are MoonPay, Ramp Network, Banxa, Alchemy Pay, BitPay and Zero Hash. Sardine is listed as an emerging player. Broad incumbents are Coinbase (Commerce & Wallet On-Ramps) and Wyre (historical peer). Circle (Payments Network / Mint) is listed as an others.
Does Transak have an API?
Yes. Transak offers white-label APIs enabling platforms to embed stablecoin payment infrastructure. The API handles fiat-to-stablecoin conversions, KYC/AML compliance, payment processing, and settlement across 64+ countries. Available integration paths include Widget (pre-built UI), White-label APIs (full UI control), and Webhooks/WebSockets for real-time notifications. Supports Auth Reliance (pass user sessions without Transak login) and KYC Reliance via Sumsub (reuse existing KYC). REST APIs with customizable query parameters for themes, colors, and default currencies. Documents indicate Web SDK + Mobile WebView support. Developer documentation is at docs.transak.com.
What industry is Transak in?
Transak's product category is Crypto Payment Infrastructure. Its primary akta.pro industry code is FSADAIAA, Crypto Payment Gateways & Checkout APIs. Its NAICS code is 522320 and its SIC code is 6200.