TransBnk Raises $25M to Grow Its API-Driven Banking Platform

September 15, 2025

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Why in the News?

Mumbai-based fintech startup TransBnk has secured USD 25 million in a Series B funding round. The round was led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, and existing investors including 8i Ventures, Accion Venture Labs, and GMO Venture Partners.

Why This Matters?

TransBnk’s new funding matters because it shows how quickly banking is changing. The company offers an API-based platform that helps businesses, fintechs, and NBFCs connect with many banks at once to handle things like reconciliations, escrow, and cash flow. This solves a big problem since many banks still use old, costly systems. TransBnk’s simpler and more flexible solution makes it easier and cheaper for companies to manage their banking needs.

The funding also gives TransBnk the chance to grow beyond India into places like Southeast Asia and the Middle East. At the same time, it will use the money to improve its technology and meet strict banking rules as it handles bigger deals.

With more companies now demanding faster, safer, and flexible banking systems, this investment puts TransBnk in a strong position to expand, stay competitive, and win more clients.

Previous Fundings

In June 2023, TransBnk raised $1 million in seed funding led by 8i Ventures. The round also included M2P, Slice, Easebuzz, Growthcap Ventures, Growth Sense, and angel investors. This funding helped the startup build its product, tech teams, and expand its API stack.

By August 2024, TransBnk secured a $4 million Series A round led by 8i Ventures with Accion Venture Lab, GMO Venture Partners, Ratio Ventures, and Force Ventures. The company had grown to partner with over 25 banks and serve more than 100 BFSI clients. It also processed millions of transactions, showing strong demand for its services.

In August 2025, TransBnk closed a $25 million Series B round led by Bessemer Venture Partners with Arkam Ventures, Fundamentum Partnership, and existing backers.

About TransBnk

TransBnk is a Mumbai-based fintech startup founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta. It provides an API-driven platform that helps businesses, fintechs, and NBFCs connect with multiple banks through a single system to manage tasks like payments, reconciliations, escrows, and cash flow. In just a short time, the company has grown quickly, partnering with more than 40 banks and serving over 220 clients, while processing millions of transactions every month.

[Credits for header image: TransBank
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