Company Research Report: Transak

Company Overview

Name

Transak

Mission of the Company

Transak aims to simplify the process of buying and selling cryptocurrency by serving as a developer integration toolkit, allowing for seamless integration into web3 applications.

Founded and Founders

No information is available on when Transak was founded or who the founders are.

Key People in the Company

Sami Start: Co-Founder and CEO

Yeshu Agarwal: Co-Founder and CTO

Siraj Uddin: Chief Operating Officer

Rajat Mehrotra: EVP of Engineering

Sharad Agarwal: Head of Product

Max Hulewicz: GM - APAC

Anthony Race: VP - Sales

James Young: Head of Compliance & MLRO

Harshit Gangwar: Head of Marketing & Investor Relations

Amit Jain: AD - Finance

Bryan Keane: Compliance Officer - US

Aman Doshi: Head of Customer Support, Operations & Liquidity

Shashank Shandilya: Director of Engineering

Chandrasekar Kuppusamy: Director of Developer Relations

Headquarters

Transak is a global company with registered entities in the USA (Delaware), UK, Canada, Australia, Poland, India, UAE, and Hong Kong.

Number of Employees

No information is available regarding the exact number of employees.

Revenue

No information is available on the revenue generated by Transak.

Recognition

Transak is known for being a trusted and secure platform that facilitates fiat-to-crypto transactions in the web3 space, powering over 350+ leading applications.

Products

On-Ramp

Description: Allows users to buy cryptocurrency using fiat currency.

Key Features: Supports 170+ cryptocurrencies across 80+ blockchains and is available in 162 countries. Methods include cards, bank transfers, and local payment methods.

Off-Ramp

Description: Facilitates the selling of cryptocurrency for fiat currency.

Transak Stream (New)

Description: Offers one-click crypto-to-fiat conversions.

Key Features: Enables near-instantaneous conversions.

NFT Checkout

Description: Enables users to purchase NFTs using fiat currency.

Corporate On/Off Ramp

Description: Provides businesses with the infrastructure to buy and sell cryptocurrency.

Transak One

Description: One-click solution for fiat-to-smart contract transactions.

Use Cases

Gaming: Solutions for integrating crypto transactions into gaming platforms.

Exchanges: Integration tools for cryptocurrency exchanges.

Wallets: Solutions for crypto wallets to integrate Transak services.

Custom Solutions

Multi-level KYC: An adaptable KYC solution.

KYC Reliance: Streamlines KYC processes across platforms.

List Your Token: Promotes visibility across dApps.

Recent Developments

New Features and Products

Transak Stream (13 Dec 2024): Launched for fast crypto-to-fiat conversions.

Integration with Phantom Wallet (5 Dec 2024): Enhances crypto accessibility.

Partnership with Ronin (9 Jan 2025): Facilitates seamless fiat-to-crypto onboarding and NFT checkout.

New Partnerships

Integration with Visa Direct (30 Jan 2024): Streamlines global crypto-to-fiat conversion.

Partnership with Web3 Harbour: Enhances local engagement and adoption in Hong Kong.

Collaboration with Ronin: Focuses on NFT checkout and crypto onboarding.

Regulatory and Compliance

SOC 2 Type 2 Compliance: Achieved industry-first compliance, underscoring commitment to security.

ISO/IEC 27001 Certification: Further strengthens security measures.

FINTRAC Registration in Canada (2 Nov 2024) and Money Transmitter License in Delaware (2 Nov 2024): Expands regulatory compliance footprint.

Business Expansion

Entry into Hong Kong: Marks a significant strategic move to capitalize on APAC's digital asset growth.

Series A Funding: Raised $20 million to fuel expansion initiatives.

Transak continues to lead in the web3 payments space by focusing on seamless crypto-to-fiat transactions, expanding into new markets, and forming strategic partnerships.