Banking infrastructure startup TransBnk just closed a hefty $25 million Series B round, signaling strong investor confidence in the fintech’s mission to modernize corporate banking. Bessemer Venture Partners led the funding, with backing from Arkam Ventures, Fundamentum Partnership, and existing investors including 8i Ventures, Accion Venture Labs, and GMO Venture Partners.
The Mumbai-based company, founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta, is tackling what many see as corporate banking’s biggest pain point — the fragmented, manual processes that still plague business transactions. Their platform essentially acts as a bridge, letting fintechs and corporates tap into banks’ APIs for everything from escrow management to trade finance and remittances.
What’s particularly striking is TransBnk’s rapid growth trajectory. The company has already integrated with over 40 banks and serves more than 220 clients who access nearly 1,500 APIs monthly. That’s impressive for a startup that only raised its $4 million Series A in August 2024.
The timing couldn’t be better. While consumer payments have seen massive innovation, corporate banking has been stuck in the past — dominated by expensive legacy systems that can take years to implement. TransBnk claims it can deliver similar solutions for one-tenth the cost of traditional providers.
The fresh capital will fuel expansion into the Middle East and East Asia, markets where TransBnk says it’s already seeing “encouraging traction”. The company also plans to beef up its technology and product teams as it looks to capitalize on regulatory tailwinds, including RBI mandates that have pushed banks toward ready-made SaaS solutions.
For fiscal 2024, TransBnk reported revenue of Rs 2.68 crore with losses of Rs 1.25 crore — typical metrics for a scaling fintech infrastructure play.
