Team Startupcity

• TransBnk raises $25 million led by Bessemer Venture Partners to expand and strengthen its tech and product teams.
• Platform offers a unified API infrastructure for seamless onboarding, transactions, and reconciliations across multiple banks.
• Integrated with 40+ banks, serving 220+ clients with nearly 1,500 APIs monthly, aiming to modernize corporate banking in India and beyond.

TransBnk, a banking infrastructure platform, announced today that it has raised $25 million in a Series B funding round led by Bessemer Venture Partners, with participation from Arkam Ventures and Fundamentum Partnership, along with existing investors 8i Ventures, Accion Venture Labs, and GMO Venture Partners. The funds will be primarily used to expand geographically and strengthen the company’s technology and product teams.

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. The platform’s ‘single-window’ solution allows clients to leverage APIs from multiple banks, enabling seamless onboarding, transactions, and reconciliations in one interface.

While retail banking has seen a decade of rapid tech-driven innovation, corporate and business banking has lagged behind. Companies still rely on spreadsheets, relationship managers, and multiple portals to manage basic banking tasks. TransBnk aims to fill this gap by embedding itself into the core infrastructure of banks. Its platform allows companies to view, transact, and reconcile across multiple banking relationships in a unified, programmable interface.

The company is also addressing a broader trend in banking: the move away from monolithic, expensive software stacks. Legacy providers are costly and slow to implement, often delivering fragmented solutions. TransBnk offers a modular, opex-led alternative that starts with payments and lending rails, with potential to evolve into a full customer engagement layer or even a next-generation corporate banking core. This modern infrastructure is both highly technical and capital-efficient, aiming to become the backbone of India’s corporate banking future while helping banks upgrade their tech stack to remain competitive.

TransBnk’s platform has already shown strong traction. The company has grown from seed stage to generating double-digit million-dollar annual revenue in less than two years. It has integrated with over 40 banks, including leading private and public sector players, multinational banks, and small finance banks. Currently, more than 220 clients access nearly 1,500 APIs on a monthly basis.

The founding team brings deep experience in corporate and transaction banking, a niche and relationship-driven field, with over seven decades of combined expertise. This depth of knowledge gives TransBnk a unique advantage in understanding and solving the complexities of corporate banking.

Vishal Gupta, Partner at Bessemer Venture Partners, said, “We are excited to partner with the TransBnk team. Their deep industry expertise makes them best placed to disrupt corporate and transaction banking in India, making it more seamless and less fragmented. Over the past decade, retail banking has transformed with frictionless, mobile-first journeys. TransBnk is poised to bring the same level of innovation and user delight to corporate banking”.

Vikram Chachra of 8i Ventures added, “We are 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 the country’s fastest-growing fintech infrastructure platform, enabling banks to serve the next generation of digital-first businesses”.

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Vaibhav Tambe, CEO and Co-founder of TransBnk, commented, “Series B is a massive growth catalyst for us. It fuels our roadmap to scale, innovate, and set new benchmarks in global transaction banking. Our proprietary tech is already powering leading NBFCs, fintechs, banks, and corporates. We are now expanding across BFSI, mid-corporates, and SMEs, with encouraging traction in Southeast Asia and the Middle East, while strengthening our domestic market leadership in banking infrastructure”.

With this latest funding, TransBnk is set to accelerate its mission of transforming corporate banking. By providing modern, unified, and programmable banking infrastructure, the platform is simplifying operations for businesses, empowering banks with advanced technology, and redefining the future of corporate finance in India and beyond.