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Transac Secures $20 Million for its Crypto Payment Operations

Web3 Payments Innovator Transac Raises Significant Funding

Transac, a leading provider in the web3 payments and infrastructure landscape, recently secured $20 million in a Series A funding round. This round was marked by significant participation from a host of venture capital firms and individual investors, underlining the growing interest in web3 payments and infrastructure development. The round was spearheaded by Chinese venture capital firm CE Innovation Capital, with other participants including SBI Ven Capital, Sygnum, Azimut, and several more.

Prominent individuals, such as Sandeep Naiwal from Polygon, Jan Hammer of Index Ventures, and Charles Delingpole of ComplyAdvantage, also contributed to the round. Bingze Gu, a Partner at CE Innovation Capital, spoke highly of their investment in Transac, noting that the company is strategically poised to drive the web3 ecosystem forward.

Transac: Redefining Entry into Web3 Ecosystem

Transac is at the forefront of merging traditional finance with the cryptocurrency sphere. The platform eliminates technical complexities, offering a seamless and intuitive solution for both individuals and businesses to interact with digital assets. This has resulted in a user-friendly onboarding process where users can transact directly from their bank accounts, making cryptocurrency engagement easier for newcomers.

The platform is particularly distinguished by its focus on user experience. With a commitment to simplicity and accessibility, Transac enables users to buy cryptocurrencies with their chosen fiat currency, providing a smooth entry into the world of digital assets without the need for any prior technical knowledge.

Transac’s Groundbreaking Features and Future Plans

Among the standout features of Transac are its recent initiatives, such as Transak One and the NFT checkout offerings. These are not only simplifying the entry into web3, but they are also redefining the standards for such entry. Transac stands as a powerful tool to usher in the next billion web3 users with its On & Off Ramp solution.

In conclusion, the significant funding that Transac has secured attests to its potential as a leading player in the web3 payments and infrastructure sector. This comes as a crucial step towards redefining the boundaries between traditional finance and cryptocurrencies.

Disclaimer: This post is for informational purposes only and is not intended as legal, tax, investment, financial, or other advice.


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