TransBnk, a transaction banking infrastructure platform, has raised $25 million in its Series B funding round led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs, and GMO Venture Partners.
The funds will be deployed towards geographical expansion and strengthening tech and product talent.
Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Sachin Gupta, and Pulak Jain, TransBnk provides API-led transaction banking infrastructure for banks and enterprises. Its offerings include escrow management, cash flow automation, and reconciliation. The company partners with banks to provide escrow-as-a-service, enabling faster onboarding for startups, fintechs, and lenders.
Since inception, TransBnk has integrated with 40+ banks, including private, public, MNC, and small finance banks, and serves 220+ clients, who collectively access nearly 1,500 APIs monthly.
The company previously raised a $4M Series A in August 2024 (led by 8i Ventures) and a seed round in June 2023.
According to startup intelligence platform TheKredible, 8i Ventures was the largest external stakeholder (21.6%) in TransBnk as of the last round, while the co-founders together held 36%+ equity. The ESOP pool accounts for about 10%, while Accion Venture Lab, GMO Venture Partners, and Ratio Ventures hold smaller stakes.
For FY24, TransBnk reported ₹2.68 crore in revenue with a ₹1.25 crore loss. FY25 filings are yet to be disclosed.
By: Arushi Agarwal
