Transak Raises $16M to Expand Stablecoin Payment Network

Transak, a Web3 payments infrastructure company, has secured $16 million in a strategic funding round led by Tether and IDG Capital, with participation from firms such as Primal Capital, 1kx, Protein Capital, and Fuel Ventures [1]. The funding will be used to scale the firm’s stablecoin payment network and expand into new markets, reinforcing its position in facilitating seamless fiat-to-crypto and crypto-to-fiat transactions [2]. The company operates through bank transfers, cards, local payment methods, virtual IBANs, and stablecoins using its Virtual Account APIs [3].

Transak CEO Sami Start emphasized the growing role of stablecoins as the "rails for global value transfer" and highlighted the need for robust infrastructure, including compliance systems, KYC protocols, fraud prevention, banking partnerships, and deep market knowledge to enable large-scale adoption [4]. Tether CEO Paolo Ardoino praised Transak for building a “robust and innovative platform” that simplifies, speeds up, and enhances the reliability of stablecoin access worldwide [5].

With over 10 million users across 75 countries, Transak has demonstrated strong growth since its $20 million Series A funding in 2023. This latest round is part of a broader trend of strategic investments in crypto infrastructure, particularly in cross-border and digital payment systems [6]. Tether’s involvement aligns with its recent investment activity, which includes stakes in Rumble, Blackrock Neurotech, and Bit2Me [7]. The firm has also reportedly recorded a profit of $13.7 billion in 2024 [8].

IDG Capital, a venture capital firm with a long history in technology investments, brings both financial and strategic resources to Transak’s mission [9]. The round reflects investor confidence in the Web3 payments sector and the potential for decentralized finance (DeFi) to transform traditional payment systems [10]. As stablecoins gain traction, especially in emerging markets, Transak’s infrastructure is well-positioned to meet growing demand [11].

The strategic infusion of capital is expected to enhance Transak’s technical capabilities and expand its reach in regions with underdeveloped financial infrastructure [12]. The funding also underscores the increasing collaboration between crypto infrastructure firms and both established venture firms and stablecoin issuers, signaling a shift toward more scalable and accessible payment solutions in an evolving regulatory landscape [13].

Source: [1] Transak Raises $16M from IDG Capital, Tether to Scale ... (https://www.coindesk.com/business/2025/08/12/transak-raises-usd16m-from-idg-capital-tether-to-scale-stablecoin-payment-network)

[2] Transak Secures $16M to Expand Stablecoin Payment ... (https://www.ainvest.com/news/transak-secures-16m-expand-stablecoin-payment-infrastructure-2508/)

[3] Web3 payment infrastructure company Transak completes ... (https://www.gate.com/post/status/12981886)

[4] The Block on X: "Tether, IDG Capital lead $16 million strategic ... (https://x.com/TheBlock__/status/1955280460344336676)

[5] Transak Completes $16 Million in Strategic Financing, Led ... (https://www.mexc.com/es/news/transak-completes-16-million-in-strategic-financing-led-by-idg-capital-and-tether/64900)

[6] Transak 完成1600 万美元融资以扩展稳定币支付体系 (https://www.binance.com/square/post/282179****6066)

[7] Transak Raises $16M From Tether, IDG To Scale ... (https://financefeeds.com/transak-raises-16m-from-tether-idg-to-scale-stablecoin-payments/)

[8] Transak Completes $16 Million Funding Round to Expand ... (https://www.coinlive.com/en/news-flash/869736)

[10] Transak, a Web3 payments infrastructure company, has completed a $16 million strategic funding round led by IDG Capital and Tether [1]. The investment aims to scale Transak’s stablecoin payment network and support its expansion into new markets [2]. Other notable participants in the round include Primal Capital, 1kx, Protein Capital, and Fuel Ventures [3]. This funding is expected to accelerate Transak’s development of its payment stack, strengthening its role in facilitating seamless crypto transactions globally [4].

[11] Tether, the issuer of the largest stablecoin by volume and market capitalization, has been on an investment kick in recent months. This includes taking stakes in alternative social media app Rumble, brain-computer interface startup Blackrock Neurotech, and, most recently, Spanish crypto exchange Bit2Me [7].

[12] The involvement of Tether, a major player in the stablecoin market, highlights the growing importance of stablecoins in cross-border and digital payment ecosystems. IDG Capital, a long-standing venture capital firm with a strong track record in technology investments, brings both financial and strategic support to Transak’s mission [5]. The round underscores investor confidence in the Web3 payments sector and the potential of decentralized finance (DeFi) to reshape traditional payment systems [6].

[13] The funding round follows a broader trend of strategic investments in the crypto payments sector. As more companies seek to bridge the gap between traditional and digital finance, partnerships with both established venture firms and stablecoin issuers are becoming increasingly common [9]. The collaboration between Transak and its investors signals a shift toward more scalable and accessible payment solutions, particularly in a landscape where regulatory clarity and user adoption are steadily improving [10].