Fintech startup TransBnk bags $4-M Series A led by 8i Ventures, Accion

Mumbai-based transaction banking platform TransBnk has raised USD 4 million in a Series A round led by 8i Ventures and Accion Venture Lab. The round also saw participation from GMO Venture Partners, Ratio Ventures, Force Ventures along with a group of family offices and angel investors.TransBnk will use the new funds to expand its network of banking partners and pursue global expansion plans, focusing on Middle East and SouthEast Asia markets and to bolster its tech infrastructure and enhance its product stack.