Transbnk secures $25m Series B funding to fuel global expansion

By Vriti Gothi

TransBnk, 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 Lab, and GMO Venture Partners.

This milestone marks a significant step in TransBnk’s journey to reshape the foundations of digital transaction banking. The fresh capital will be directed towards geographical expansion and strengthening its technology and product capabilities, ensuring the platform continues to meet the evolving needs of banks, enterprises, and FinTechs across markets.

Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Sachin Gupta, and Pulak Jain, TransBnk has rapidly positioned itself at the forefront of API-led transaction banking infrastructure. Its solutions empower enterprises and financial institutions with escrow management, automated cash flow operations, and seamless reconciliation. Through its unique escrow-as-a-service model, delivered in partnership with banks, TransBnk enables faster onboarding for startups, lenders, and FinTech innovators, accelerating growth and unlocking new opportunities across the financial ecosystem.

The company’s progress has been underscored by strong adoption. Since launch, TransBnk has integrated with over 40 leading banks, including private, public, multinational, and small finance institutions, and now serves more than 220 clients accessing nearly 1,500 APIs every month. Its infrastructure underpins mission-critical use cases across lending, wealth-tech, and cross-border payments, making it a trusted partner in advancing India’s digital financial landscape.

This Series B round builds on earlier momentum, including a $4 million Series A in August 2024 led by 8i Ventures, following a seed round in June 2023. 8i Ventures remains the largest external stakeholder, while the founding team collectively holds a significant stake, reflecting a long-term commitment to TransBnk’s vision.

For the fiscal year ending March 2024, TransBnk reported revenues of ₹2.68 crore, supported by its expanding client base and partnerships. With this new round of investment, the company is poised to strengthen its role as a critical enabler of digital-first, customer-centric transaction banking infrastructure, while also supporting financial institutions in delivering faster, more transparent, and compliant solutions to their customers.