TransBnk, a banking infrastructure platform, has raised $25 million in its Series B funding round led by Bessemer Venture Partners. The round also saw participation from Arkam Ventures and Fundamentum Partnership, along with existing investors 8i Ventures, Accion Venture Labs, and GMO Venture Partners.
The fresh funds raised will be used for geographical expansion and bolstering tech & Product talent.
Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain and Sachin Gupta, TransBnk is building a common operating system for fintechs and other institutions to access the banking ecosystem.
TransBnk is a transaction banking platform enabling corporate, commercial & institutional clients to make agile, secure & robust Transactions with embedded finance & SaaS.
Their ‘single-window’ offering allows clients to leverage API infrastructure from various banks for seamless onboarding, transactions and reconciliations.
TransBnk provides deep domain expertise to ensure seamless business transactions for domestic cash management and payments, escrows, trade finance, supply chain finance & custodial services in close collaboration with banks.
TransBnk offers an opex-led, modular alternative, starting with payment and lending rails, and potentially evolving into a full customer engagement layer or even a next-gen core for corporate banking.
TransBnk have integrated with 40+ banks, which include leading private and public sector players, MNC Banks, as well as Small Finance Banks. They have more than 220 clients accessing nearly 1500 APIs on a monthly basis.
Vaibhav Tambe, CEO and co-founder, TransBnk, said, “Series B is a massive growth catalyst—fueling our roadmap to scale, innovate, and set new benchmarks in global transaction banking. Our proprietary tech Infra is already powering leading NBFCs, Fintech players, Banks, Corporates and we are now expanding this across BFSI, Mid-Corporate & SMEs. TransBnk is strategically placed to expand beyond India, with encouraging traction in SEA and Middle East markets, while at the same time focused on consolidating our strength in the domestic market as an emerging leader in banking infrastructure.”
Vishal Gupta, Partner, Bessemer Venture Partners, said, “We are excited to partner with the Transbnk team. Their deep industry expertise makes them best placed to disrupt corporate banking and transaction banking in India, making it more seamless and reducing fragmentation. Corporate banking has lagged behind their retail counterparts, where over the past 10 years innovation in this space has allowed users to enjoy frictionless, mobile-first banking journeys. We are confident that Transbnk will bring the same transformative spirit and user delight to the corporate and transaction banking ecosystem.”
Vikram Chachra of 8i ventures said, “We’re thrilled to welcome Bessemer, Fundamentum, and Arkam to the TransBnk family. When we led the seed round, we believed TransBnk could become the new foundational layer for corporate banking in India. Just two years later, it has emerged as India’s fastest-growing fintech infrastructure platform, putting banks back at the centre of the fintech landscape and enabling them to serve a new generation of digital-first businesses.”
