Transak Inc. announced that it has received $20 million in a round of funding led by new investor CE Innovation Capital on May 30, 2023. The transaction included participation from new investors UOB Venture Management Private Limited, Sygnum Bank AG, SBI Ven Capital Pte. Ltd, Third Kind Venture Capital, Genting Ventures, Istari Ventures, Kasikorn X CO., Ltd, No Limit Holdings, Woodstock Fund, tokentus investment AG, Animoca Brands Corporation Limited, Axelar Inc, returning investors IOSG Ventures, The LAO and individual investors, Jan Hammer, Charles Delingpole and Sandeep Nailwal .