Latest Transak News & Updates

See the latest news and media coverage for Transak. We track all announcements, press releases, and industry mentions in real time, all in one place.

Transak

Crypto payment infrastructure provider

transak.com

Headquarters: Miami, United States
Founded year: 2019
Company type: Private company
Number of employees: 125–200
Industry: Blockchain & Cryptocurrency

Last updated October 21

Latest news about Transak

In short: Transak raised $16M from Tether and IDG Capital, expanded US licensing, and disclosed a data breach affecting about 92,000 users.

Company announcements

October 20 Transak

Transak launches on Tether's WDK

The integration enables wallet developers to instantly add fiat on-ramp and off-ramp capabilities without building separate payment infrastructure.

October 15 Transak

Transak enables RLUSD purchases on the XRP Ledger

Users can buy Ripple USD using fiat methods via Transak's API for payments infrastructure integration.

April 8 Transak

Transak secures investment from Gobi Partners for Asian expansion

The funding supports expanding compliant stablecoin payments and digital asset infrastructure across Asia, focusing on regulatory compliance and regional integrations.

January 30, 2024 Transak

Transak partners with Visa for crypto withdrawals

The collaboration enables global off-ramp services via Visa Direct, allowing users in over 145 countries to cash out 40+ cryptocurrencies into fiat currencies in under 30 minutes.

Media coverage

October 21 Yahoo Finance

Transak Integrates Fiat On-and Off-Rails into Tether’s Wallet Development Kit

In a major expansion, Transak has integrated its fiat on-ramp and off-ramp services into Tether’s Wa...

April 9 Chainwire

Gobi Partners Invests in Transak to Expand Compliant Stablecoin and Digital Asset Payments Across Asia - Chainwire

Founded in 2019, Transak operates a regulated payments layer that enables fintechs and financial institutions to offer bidirectional conversion between fiat currencies and digital assets...

November 11, 2025 Invezz

Transak secures six more US state licenses, eyes nationwide stablecoin access

Transak secures six new state licenses, raising the total to 11 in the US. The company plans ACH payments to speed up stablecoin transfers. Full...

August 13, 2025 Finextra

Transak raises $16m to scale stablecoin payments infrastructure

Fiat-to-crypto infrastructure provider Transak has raised $16 million in funding to expand its stablecoin payments stack.

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