Transak

Transak is a financial technology startup that operates in the cryptocurrency market. The company provides a platform that enables users to buy or sell cryptocurrencies from their applications. It supports over 170 different cryptocurrencies across more than 75 blockchains. The platform is available in 177 countries and accepts various payment methods, including cards and bank transfers.

Transak's primary clients are developers who can easily integrate the company's software development kits (SDKs) into their applications. These SDKs are highly customizable and available for all major platforms and languages. The company also offers a modular and enterprise-grade white label API, allowing businesses to customize the user flow.

In addition to its core services, Transak also offers a robust risk engine with a fraud rate of less than 0.05%. The company is authorized by the Financial Conduct Authority (FCA) in the UK and is a Money Services Business (MSB) in the USA, ensuring its operations are regulated and secure.

Transak's business model revolves around sourcing liquidity from over 10 exchanges to offer the best price to its users. The company makes money by processing transactions on more than 75 networks. It also generates revenue through its KYC (Know Your Customer) service, which is shared with the app and reused for seamless onboarding.

Transak has been praised for its reliability, high geographic coverage, and ease of use. It has been trusted by many in the blockchain industry and has been used in over 800 apps, including gaming and NFTs.

Keywords: Cryptocurrency, Blockchain, Financial Technology, Software Development Kits, API, Liquidity, KYC, Regulated, Secure, Global Payment Methods.