Banking transactions enabler for corporates TransBnk raises $1-M led by 8i Ventures

Mumbai-based fintech startup TransBnk has raised USD 1 million in a seed funding round led by 8i Ventures. The other participants in the round include Growthcap Ventures, Leadway Ventures LLP and Growth Sense. Founded in 2022 by Sachin Gupta, TransBnk enables corporate, commercial and institutional clients to make transactions with embedded finance and SaaS. It will use the fresh funds to bolster product and technical teams, enhance tech stack, and expand product line.