Web3 payments provider Transak raises $20M in Series A round

Transak announced it raised $20 million in a series A round led by CE Innovation Capital.
The startup also attracted investments from SBI Ven Capital, Sygnum, and Woodstock Fund among other investors.
An FCA-registered startup, Transak plans to use the funds to further development of onboarding solutions for Web3 and crypto.While venture capital funding for crypto projects cooled off in late 2022 and earlier in the year, the ecosystem still attracts notable investments as sentiment across the i