Transak

Transak is a global web3 payments infrastructure provider founded in August 2019 and headquartered in Miami, Florida. The company describes itself as a "crypto payment rail for financial applications," offering a suite of tools that let any application embed regulated fiat-to-crypto and crypto-to-fiat conversion without building compliance, licensing, or payment-processing infrastructure from scratch.

Core Products

Transak's foundational offering is a fiat on-ramp that enables users to purchase cryptocurrency using credit and debit cards, Apple Pay, Google Pay, and bank transfers. An off-ramp service handles the reverse flow, converting digital assets back into local fiat currency. Both products are available as a plug-and-play embeddable widget, a white-label API with full UI control, or via SDKs for JavaScript, Android, iOS, and React Native.

The NFT Checkout product extends the on-ramp concept into the non-fungible token market, letting users purchase or mint NFTs directly with a payment card without first acquiring cryptocurrency. This capability has been deployed with gaming ecosystems including Ronin Network.

In December 2024, the company launched Transak Stream, a simplified off-ramp that works by assigning each user a unique wallet address. When a user sends cryptocurrency to that address, the equivalent fiat amount is deposited into their linked bank account or card within seconds — reducing what had been a multi-step process to a single send transaction. In a live internal comparison, the standard off-ramp took approximately four minutes while Transak Stream completed the same transaction in 19 seconds. Stream supports 40+ cryptocurrencies and stablecoins including USDC, USDT, BTC, ETH, and SOL across 29+ blockchain networks, and is available in 64+ countries.

Transak also operates a virtual account payments product that issues named virtual IBAN accounts for platform partners, enabling stablecoin settlement for neobanks, payroll providers, and remittance applications.

Compliance and Licensing

Compliance infrastructure is central to Transak's value proposition for B2B partners. The company is registered as a money services business or virtual asset service provider in the United States (NMLS ID: 2362652), United Kingdom, Canada, Australia, Poland, and Hong Kong. It holds ISO 27001:2022 certification and SOC 2 Type II compliance.

Its KYC product includes a pre-built verification flow that partners can deploy directly, as well as a "KYC Reliance" feature that allows platforms with existing identity programs to share verified user data with Transak, eliminating duplicate onboarding for shared customers.

Scale and Reach

As of early 2025, Transak had served more than 8 million users across 160+ countries and processed over $1.4 billion in total transaction volume. The off-ramp product alone processed $50 million across 100,000+ transactions in 2024. The platform supports 170+ cryptocurrencies across 75+ blockchains and integrates with 600+ Web3 applications, including MetaMask, Trust Wallet, Ledger, Phantom, Uniswap, Bitget, and Mastercard.

Solana Integration

Solana is among the blockchains supported across Transak's full product suite. Users can purchase SOL using credit and debit cards, Apple Pay, Google Pay, or bank transfers, and sell SOL for fiat through the off-ramp and Transak Stream.

In July 2025, MetaMask activated Solana network support with Transak as the exclusive fiat gateway — marking MetaMask's first integration with a non-EVM blockchain. MetaMask users can now buy SOL in-app using localized payment methods, with Transak handling KYC and compliance for the transaction. Lorenzo Santos, senior product manager at MetaMask, described the integration as "a significant milestone," citing Solana's prominence in Web3 as the rationale for the chain choice. The partnership with Phantom Wallet separately extends Transak's Solana on-ramp coverage to another leading Solana-native wallet.

Key Partnerships

In January 2024, Transak announced a partnership with Visa to enable Visa Direct for its off-ramp service, supporting cryptocurrency-to-fiat conversion in over 145 countries with near-instantaneous processing to Visa debit cards. The partnership with Cross River Bank deepened access to US banking rails for fiat-to-crypto transactions.

MetaMask has been a Transak partner since 2021, with the integration expanding progressively — first for EVM chains and, in 2025, for Solana. Additional integrations include Ronin Network for NFT Checkout and Story protocol for on-ramp services.

Funding

Transak has raised approximately $37 million across multiple rounds. In May 2023, the company closed a $20 million Series A led by CE Innovation Capital, with participation from existing investors including Consensys and Animoca Brands. In August 2025, Transak raised a $16 million strategic round co-led by IDG Capital and Tether, with additional participation from Primal Capital, 1kx, Protein Capital, and Fuel Ventures. The round was directed toward expanding the company's stablecoin payments stack and entering new geographic markets.

Direction

Transak's product evolution reflects a shift from a widget-first on-ramp business toward a broader payments infrastructure layer for financial applications. Product and blog output through 2025 and into 2026 addresses cross-border settlement, stablecoin payroll, AI-agent payment flows, and virtual IBAN issuance — use cases that require programmatic APIs rather than UI widgets. The August 2025 fundraise and its stablecoin-focused rationale are consistent with this direction. The company was co-founded by CEO Sami Start and CTO Yeshu Agarwal.