TransBnk, a rapidly growing banking infrastructure and fintech startup, has raised $25 million in Series B funding led by Bessemer Venture Partners, with participation from major investors such as Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs, and GMO Venture Partners. Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta, TransBnk has established itself as a prominent provider of transaction banking platforms for fintech firms, banks, non-banking finance companies (NBFCs), and corporates.
The company’s seamless, API-driven banking infrastructure platform is designed to integrate multiple banks and automate complex transaction flows for clients across different sectors. Utilizing its proprietary technology, TransBnk already partners with more than 40 top private, public, and foreign banks, serving a rapidly growing client base of over 220 companies and handling almost 1,500 monthly API interactions. By providing a single-window interface, TransBnk simplifies onboarding, reconciliation, escrow management, cash management, trade finance, and tax payments, as well as supporting lending and wealth-tech use cases.
The latest funding will enable TransBnk to expand its operations into key geographies, specifically the Middle East and East Asia, and to further invest in product and technology talent. With banking technology across the world shifting away from legacy, capital-expenditure-heavy stacks towards modular, software-as-a-service (SaaS) solutions, TransBnk’s platform offers significant cost advantages and faster deployment times for modern financial institutions. The company’s ability to address fragmented digital banking processes and offer scalable solutions has created momentum in India’s BFSI, SME, and mid-corporate sectors, while opening the door for strategic expansion into Southeast Asian and Middle Eastern markets.
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Recent regulatory changes by the Reserve Bank of India have also increased demand for agile banking infrastructure, especially within lending consortia, providing a tailwind to the firm’s rapid growth. CEO Vaibhav Tambe highlighted that the new capital not only enhances TransBnk’s net worth, meeting transaction banking mandate requirements, but also positions the company as a preferred tech partner for banks and fintechs worldwide. As innovation in retail payments and corporate banking accelerates, TransBnk’s secure, robust, and frictionless platform is set to power the next generation of global transaction banking, delivering efficiency and compliance for banks and enterprises in both domestic and international markets.
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