Banking infra startup TransBnk raises $25-M led by Bessemer Venture Partners

Mumbai-based banking infrastructure startup TransBnk has raised USD 25 million (nearly INR 220 crore) in its Series B round led by Bessemer Venture Partners with participation from Arkam Ventures and Fundamentum Partnership as well as existing backers such as 8i Ventures, Accion Venture Labs and GMO Venture Partners.Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta, TransBnk provides an API (Application Programming Interface)-based platform that connects corporates, fintechs, and lenders to multiple banks through a single system. The platform helps companies manage transactions and reconciliations without relying on multiple portals or manual processes.The startup plans to utilise the fresh proceeds to expand its presence to Southeast Asia and the Middle East, besides in India.