Indian fintech start-up TransBnk has raised $25 million in a Series B funding round to accelerate its global expansion. The Mumbai-based transaction banking platform plans to enter the Middle East and Southeast Asia while enhancing its product portfolio.
The funding round was led by Bessemer Venture Partners, with participation from existing investors 8i Ventures, Accion Venture Lab and GMO Venture Partners. New investors, including Arkam Ventures and Fundamentum Partnership, also joined the round. This investment aims to strengthen TransBnk’s growth strategy and enable faster scaling into key international markets.
TransBnk offers a unified platform that connects businesses to multiple banks, streamlining payments, collections and reconciliation. By eliminating the need for multiple banking portals and manual processes, the start-up simplifies transaction management for companies. The fresh capital will further support these capabilities and help the platform develop new solutions tailored for diverse markets.
