Banking infrastructure platform TransBnk has secured $25 million in a Series B funding round led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, and existing investors 8i Ventures, Accion Venture Lab, and GMO Venture Partners. The fresh capital will be used to expand internationally and strengthen its technology and product teams.
Founded in 2022, TransBnk develops software that enables companies to connect with multiple banks through a single interface for onboarding, transactions, payments, and reconciliations. The platform is currently integrated with over 40 banks and serves more than 220 clients, including NBFCs, fintechs, corporates, and real estate firms.
CEO Vaibhav Tambe said adoption has been strongest in onboarding, payments, collections, and reconciliations — areas where businesses often rely on fragmented systems. “Recurring collections via UPI Autopay or NACH for lenders and subscription-based businesses, as well as treasury and liquidity management, are among the top use cases,” he explained. About half of TransBnk’s revenue comes from its API-driven infrastructure, with the rest from SaaS solutions and products such as escrow and supply-chain finance. Currently, 95–97% of revenue comes from India, but the company is now eyeing deeper expansion into Southeast Asia and the Middle East.
Bessemer partner Vishal Gupta noted that transaction banking remains “sticky but under-digitised.” He added: “Retail banking has transformed over the past decade, but corporate banking remains clunky. Once a player like TransBnk integrates with banks and corporates, the network effects make it very hard to displace them.”
Looking ahead, Tambe said TransBnk is also piloting AI-driven analytics and rule engines to provide corporates with real-time insights in treasury and liquidity management. “We are adding programmability and early-warning signals to take transaction banking to the next level,” he said.
