Mumbai-based banking infrastructure platform TransBnk has raised $25 million in a Series B funding round led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, Accion Venture Labs, GMO Venture Partners and venture capital firm 8i Ventures, which led the company’s $4 million Series A round in August 2024.
As reported by Entrepreneur India, the company plans to use the funds to expand internationally and bolster its technology and product development teams.
TransBnk provides API-driven solutions for escrow management, cash flow automation and reconciliation, delivering integrations with over 40 banks and serving more than 220 clients who collectively access roughly 1,500 APIs monthly.
