In a bold move that’s shaking up India’s fintech landscape, TransBnk, a cutting-edge banking infrastructure startup, just raised a whopping $25 million in its Series B round led
In a bold move that’s shaking up India’s fintech landscape, TransBnk, a cutting-edge banking infrastructure startup, just raised a whopping $25 million in its Series B round led by global investor Bessemer Venture Partners. This fresh capital is set to supercharge its expansion plans and tech capabilities — and fintechs across the country are sitting up and taking notice.
Founded in 2022 by fintech veterans Vaibhav Tambe, Lavin Kotian, Sachin Gupta, and Pulak Jain, TransBnk is revolutionizing how banks and enterprises handle transactions. Their API-first platform offers everything from escrow management to cash flow automation and reconciliation — making complex banking processes smooth and seamless for startups, lenders, and fintech firms.
By partnering directly with banks, TransBnk delivers escrow-as-a-service, enabling faster onboarding and smarter transaction management for financial players hungry for innovation.
The latest $25 million round was led by Bessemer Venture Partners, known for backing some of the world’s hottest startups. Other participants include Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs, and GMO Venture Partners.
This follows TransBnk’s $4 million Series A just last year, where investors like 8i Ventures and Accion Venture Labs saw the potential early on.
Since launching, TransBnk has teamed up with over 40 banks — including leading private, public sector, multinational, and small finance banks. Their growing client base now exceeds 220 businesses who collectively access 1,500+ APIs every month.
TransBnk’s technology is already powering critical banking use-cases like:
All this makes TransBnk a backbone for fintech innovation in India.
The $25 million will primarily fuel:
With these resources, TransBnk aims to deepen its foothold in the fast-growing Indian fintech market and expand internationally.
8i Ventures remains a major external investor with a 21.6% stake. Meanwhile, co-founders Vaibhav Tambe, Sachin Gupta, and Pulak Jain collectively hold over 36% of the company. The ESOP pool stands at roughly 10%, incentivizing the team driving the growth.
For the fiscal year ended March 2024, TransBnk reported revenue of Rs 2.68 crore but posted a loss of Rs 1.25 crore, reflecting heavy investments in growth and technology. The FY25 financials are still pending, but the trajectory points to rapid scaling.
With fintech booming, the need for reliable, scalable banking infrastructure has never been greater. TransBnk’s API-led approach solves real-world challenges for banks and startups alike, making it a crucial enabler of India’s digital financial future.
Backed by heavyweight investors and led by a seasoned founding team, TransBnk is poised to become a powerhouse in the banking tech space.
