Angel Investments
Sandeep Nailwal invests in Web3 payments solutions enabler Transak
Miami, Florida-headquartered Web3 payments solutions startup Transak has raised USD 20 million as part of its Series A funding round led by CE Innovation Capital. Polygon's Sandeep Nailwal also participated in the funding round. The funding round also saw participation from SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings, Woodstock Fund, IOSG Ventures, KX, Axelar, Tokentus, and The Lao. Index Ventures' Jan Hammer and Charles Delingpole of ComplyAdvantage also pitched in. Transak offers a B2B (business-to-business) fiat-to-crypto payment gateway that allows users to trade in crypto assets across more than 150 countries. The startup will use the funds to strengthen its Web3 onboarding solutions and expand the global coverage of its products. The capital will also be used to ramp up the development of products catering to Web3 games and financial applications.
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