TransBnk Raises $25 Million to Transform Corporate Banking

TransBnk, a platform revolutionizing global transaction banking, led by Vaibhav Tambe, Lavin Kotian, Pulak Jain, Sachin Gupta, and Akshat Gupta, has raised $25 million from Bessemer Venture Partners, with participation from Fundamentum, Arkam Ventures, 8i Ventures, Accion, and Japan’s GMO Venture Partners.

While retail banking in India is innovating rapidly, corporate banking remains stuck in outdated processes and legacy syacstems. TransBnk positions itself as a “common operating system” for banking — a single window for businesses to access the ecosystem. Its microservices foundation supports use cases like treasury, liquidity, and escrow management.

Founded in 2022, the startup currently works with 60 banks, 40 of which are fully integrated to handle transactions, payments, and core reconciliation. It serves 220 customers, 80% of them merchants such as lenders, fintechs, and NBFCs, while the remaining 20% are banks that white-label its software to offer corporate banking services.

The startup plans to expand beyond India into Southeast Asia and the Middle East while strengthening its infrastructure platform. It also aims to extend its services to new sectors such as real estate, pharmaceuticals, and renewable energy.

Over the past year, TransBnk has grown its revenue 12x to around $12 million ARR, turned profitable after taxes in February, and maintains healthy gross margins of ~80%. The platform processes 110 million transactions monthly across 11,000 bank accounts using more than 1,500 APIs.